A New World Tax Regime

[RVWITHME]

As we all discuss the implications of an IQD RV, TPTB keep telling us "hey, look over there in my right hand" telling us that the RV is coming "soon", all the while attempting to do something really sinister to us with their left.

 

While we sit and dream of a better day and all of the good we can do with a few more bucks to spread around, "they" plan to put us even further under their collective boots. Take a look at this new (newly exposed anyway) "plan" of theirs and see how much you like it:

 

 

A New World Tax Regime
Written by  Alex Newman
Tuesday, 08 April 2014 11:30

 

To anyone who even casually monitors international agencies — such as the UN, the OECD, and the IMF — it will come as no surprise that those agencies have long wanted stable sources of funding that they could count on, rather than relying on handouts from governments around the world. But it would likely come as a surprise to most that we will likely see the initial operation of a world tax regime to fund international entities by 2015.

 

The Organization for Economic Cooperation and Development (OECD) — a 34-member (presently) international economic organization that works to influence world financial operations — openly announced plans to advance the longtime socialist-backed dream of a planetary taxation regime. The plans call for legitimate governments and dictatorships worldwide to share all private financial data on citizens. It is all openly inspired by, and modeled on, Obama’s Foreign Account Tax Compliance Act (FATCA) aimed at coercing banks and governments around the world into reporting all accounts and assets held by “U.S. persons” to the IRS. (Click here to see related FATCA article.)  And that, experts say, in conjunction with other related machinations, such as an emerging plan to force businesses to pay equally high corporate taxes in all jurisdictions of the world rather than setting up shop in lower-tax nations, will lay the foundation upon which to build a “World Tax Organization.”

 

In mid-February, in fact, the OECD officially unveiled its plan informally called GATCA (Global Account Tax Compliance Act) by analysts. Calling its ploy to put the final nail in the coffin for financial privacy “game changing,” the tax-funded OECD said it would require governments to collect massive amounts of sensitive personal information on individuals from banks and other financial institutions in their jurisdictions. “The reality will be that for the automatic exchange of information rules should cover what kind of information is to be exchanged, how often, who should collect the information, to whom it should be sent, and in what format,” claimed Pascal Saint-Amans, director of the OECD Centre for Tax Policy and Administration, speaking as if the plot were already a done deal.

 

 

Once gathered, the vast troves of private data would be automatically exchanged between all participating governments and dictatorships. “You collect the data, you put it in the pipe and it goes to the other party,” said Saint-Amans, who, as could probably be expected, pays no taxes on his bloated tax-funded salary.

 

Autocrats “R” Us

Over 40 governments, which the Paris-based OECD misleadingly refers to as “countries,” have already committed to the controversial scheme. In a “joint statement,” participating governments celebrated the planetary plot, implying that it was only being instituted to catch tax cheats. “Tax evasion is a global problem and requires a global solution,” said representatives from dozens of governments, including more than a few run by self-described socialists. “We therefore strongly support the development of the single global standard for automatic exchange of information between tax authorities.”

 

Also, sounding suspiciously like a threat, the participating governments claimed that only countries with rulers who submit to the draconian new regime will be able to “prosper in the future.” In other words, join the emerging global tax regime and violate the privacy rights of everyone, or suffer financial penalties. “We call on other countries and jurisdictions to commit to join this initiative at the earliest opportunity with the aim of rapidly creating a truly global system of automatic information exchange,” the governments continued in their joint statement.

 

The reality is that, using the information collected, a lot more will be done than catching tax cheats. Besides the worldwide violation of individuals’ financial privacy, the plan will provide the platform to implement a global taxing authority.

 

A coalition of governments and brutal dictatorships known as the Group of 20 (G-20) is in the process of building what virtually every major “mainstream” media outlet recently described as a “New World Order,” with the International Monetary Fund (IMF) and UN at its center.

 

Besides publicly announcing its desire in recent years for shared financial data and more on all citizens, top officials in the coalition, which includes the ruthless communist regime ruling mainland China and the rest of the “BRICS” (Brazil, Russia, India, and South Africa), among other autocracies, have been brazenly calling for a new world currency and empowering the IMF to serve as a global central bank, as well as “harmonizing” tax policies and ending what the outfit refers to as “harmful tax competition.”

 

To implement the coalition’s plans, the G-20 powers asked the United Nations-linked OECD to take the lead. Finance bosses and central bankers for G-20 powers held a meeting in Australia in late February, where they touted the OECD’s radical plan, along with other key elements of the emerging global tax regime, and trumpeted its full implementation by next year. “We endorse the Common Reporting Standard for automatic exchange of tax information on a reciprocal basis and will work with all relevant parties, including our financial institutions, to detail our implementation plan at our September meeting,” the G-20 finance chiefs and central bank bosses said in their joint “communiqué” after the meeting.

 

“In parallel, we expect to begin to exchange information automatically on tax matters among G20 members by the end of 2015,” they added. “We call for the early adoption of the standard by those jurisdictions that are able to do so. We call on all financial centres to match our commitments. We urge all jurisdictions that have not yet complied with the existing standard for exchange of information on request to do so and sign the Multilateral Convention on Mutual Administrative Assistance in Tax Matters without further delay.” The communist regime in Beijing just joined last year.

 

The G-20 leaders endorsed another extreme OECD-linked plot to extract more wealth from companies that, while separate, fits nicely with the broader agenda. According to the statist radicals at the G-20 and OECD, the alleged “problem,” which they refer to as “Base Erosion and Profit Shifting,” or BEPS, involves firms trying to maximize value for customers and shareholders by keeping profits and economic activity in lower-tax jurisdictions as much as possible. For the OECD and the Big Government-mongers at the G-20, that must come to an end.

 

“We are committed to a global response to Base Erosion and Profit Shifting (BEPS) based on sound tax policy principles,” the “communiqué” continued. “Profits should be taxed where economic activities deriving the profits are performed and where value is created. We continue our full support for the G20/OECD BEPS Action Plan, and look forward to progress as set out in the agreed timetable. By the Brisbane summit, we will start to deliver effective, practical and sustainable measures to counter BEPS across all industries, including traditional, digital and digitalised firms, in an increasingly globalized economy.”

 

Finally, the G-20 finance chiefs continued pushing to empower the IMF — doubling the resources it has while giving dictatorships such as China’s and other socialist regimes much more control over the institution at the expense of the U.S. government. While the Obama administration has been a fervent supporter of the dangerous plot, which moves the IMF closer to the establishment’s vision of an all-powerful monetary authority out of U.S. control, Congress has so far refused to go along with the scheme. For globalist G-20 bosses, though, it is the top priority.

 

“We deeply regret that the IMF quota and governance reforms agreed to in 2010 have not yet become effective and that the 15th General Review of Quotas was not completed by January 2014,” they said. “Our highest priority remains ratifying the 2010 reforms, and we urge the US to do so before our next meeting in April. In April, we will take stock of progress towards meeting this priority and completing the 15th General Review of Quotas by January 2015.” Indeed, Vladimir Putin’s regime and others have been threatening to simply go ahead with the reforms without U.S. government approval if Congress does not submit quickly.

 

Read More Here: http://www.thenewamerican.com/world-news/item/17987-a-new-world-tax-regime