by Alex Newman
08 April 2014
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
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
"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
"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
"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
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
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
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 centers 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
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
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 digitalized
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.
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
"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.
Bodies Featured in
The IMF and
United Nations are at the center of these global financial
In recent years, of course, the United Nations has become increasingly bold
in its efforts, seizing on every conceivable pretext to push the radical
agenda for an independent revenue stream that would free it from having to
depend on contributions from member governments and make it a true world
...and more have all been floated just in the
last few years.
In the Obama administration, which has been
openly touting a corporate "global minimum tax," the would-be planetary
taxers may have found their best opportunity to move forward thus far.
In 2012, Rob Vos, director of the UN's Development Policy and
Analysis Division of the Department of Economic and Social Affairs, was
touting a proposed tax on the wealthy to raise some $400 billion per year.
"Although donors must meet their
commitments, it is time to look for other ways to find resources to
finance development needs and address growing global challenges, such as
combating climate change," Vos claimed.
"We are suggesting various ways to tap
resources through international mechanisms, such as coordinated taxes on
carbon emissions, air traffic, and financial and currency transactions."
Also in 2012, UN Development Program Deputy
Director Jens Wandel echoed previous UN calls for global taxes on
"One idea which we could consider is a
minimal financial transaction tax (of .005 percent)," he claimed. "This
will create $40 billion in revenue."
Separately, UN Commission for Social Development
Chairman Jorge Valero claimed that,
"it is absolutely essential to establish
controls on capital movements and financial speculation."
That regime, he added, would come about through
"progressive policies of taxation" requiring "those who earn more to pay
Meanwhile, the International Monetary Fund, which as The New American has
documented extensively is being groomed to take on the role of global
central bank, is also now openly outlining plans for an unprecedented
fleecing of humanity.
A controversial IMF report released late last
year, for instance, touts schemes to have big-spending governments with
out-of-control debts plunder humanity's wealth using a mix of much higher
taxes and outright confiscation. (They have already literally looted the
bank accounts of private individuals in Cyprus as a trial run at
worldwide wealth confiscation.)
The goal: Prop up Big Government.
Because people and their assets are generally
mobile, though, the radical document, dubbed Taxing Times, also
proposes measures to prevent people from escaping the upcoming fleecing.
"The sharp deterioration of the public
finances in many countries has revived interest in a capital levy, a
one-off tax on private wealth, as an exceptional measure to restore debt
sustainability," the IMF report claims, hiding behind the passive voice
while citing previous rounds of wholesale looting to back up its claims.
"The appeal is that such a tax, if it is
implemented before avoidance is possible, and there is a belief that it
will never be repeated, does not distort behavior (and may be seen by
some as fair)."
Citing a sample of 15 euro-area nations, the
report claims that all households with positive net wealth - anyone
with more assets than debt, in essence - would have to surrender about 10
percent of it.
Because many people who lived responsibly and
saved would presumably try to avoid the looting of their wealth, however,
drastic measures must be considered to stop them.
"Substantial progress likely requires
enhanced international cooperation to make it harder for the very
well-off to evade taxation by placing funds elsewhere," the report says
Companies are especially in the crosshairs.
The OECD's global tax-information regime should do the trick.
Unsurprisingly, also pushing the schemes has been Socialist International,
the premier alliance of socialist and communist political parties around the
The powerful coalition, which met in South
Africa in 2012, again called for global taxes, a planetary currency, and a
global tax information-sharing regime in one of its resolutions.
"There is a pressing need to dismantle tax
havens, close loopholes and create automatic tax record exchange
systems," claimed one of the resolutions adopted by the socialist
outfit's oftentimes brutal members.
"Only under the auspices of a new Global
Financial Architecture can this take place, one that significantly
increases transparency and strengthens enforcement of the regulations."
The outfit also demanded international wealth
redistribution from freer countries to socialist regimes impoverished by
The Socialist International has been calling for the "automatic exchange of
information" scheme for years - for the first time, officially at least, in
2009, it seems.
And now, thanks to Obama and his Foreign Account
Tax Compliance Act (FATCA), which is setting up the worldwide sharing of
financial information, it may get its wish.
Considering the line-up pushing for a world taxing authority, and now the
ability to gather all the information to put such an authority into place,
is there any chance that the collection of financial data on a worldwide
scale will not subsequently lead to a world taxing authority and world
So Much for Citizens'
None of the proposed changes look likely to benefit the common man - only
governments and their functionaries.
For Americans such a scheme would turn American
traditions and constitutional protections upside down. According to a brief
by the OECD, among the data that governments would share with each other as
part of the "automatic exchange of information" regime are various
categories of income, changes of address, purchase or sale of property, and
Instead of being secure in one's house, papers,
and effects without a warrant and probable cause, governments and autocrats
around the world will be free to rifle through Americans' most sensitive
information at will.
Hackers, criminals, and identity thieves, among others, will almost
certainly be able to access the data, dubious globalist promises of
"security" notwithstanding. The situation is similar in other nations where
authorities are busy gutting long-standing protections on privacy rights to
comply with FATCA.
While Americans might recoil in horror at the prospect of sharing private
financial information with Third World socialist regimes, the
OECD boasts of
its collaboration with them.
"Working with partner countries (including
Argentina, Brazil, China, India, the Russian Federation and South
Africa), the OECD is advancing rapidly in the development of a common
model for reporting and automatic exchange of certain account
information held by financial institutions, including due diligence
rules, reporting formats and secure transmission methods," the outfit
explained, noting that automatic information sharing between governments
and even ruthless tyrannies was becoming "the new standard."
The chance for abuse of individuals' information
is 100 percent.
Consider that among the early participants in
the scheme is the imploding socialist regime ruling Argentina - currently
searching frantically for wealth to plunder as the economy it misrules
collapses around it.
Also on board is the radical South African
Communist Party-African National Congress regime, which has been implicated
in genocide in South Africa by the world's leading expert in the field, and
which has more poverty today than when power was transferred from the white
government to the ANC. Eventually, globalists hope to force every government
and dictator on the planet into participating.
More than a few brutal autocracies are already
lining up to join.
A senior OECD bureaucrat claimed that the Obama administration had also
committed to "early adoption" of the new world tax plot, though experts and
analysts have pointed out that the U.S. president has no lawful authority to
follow through on such a pledge without approval from Congress.
And with the IRS rampantly trying to hurt
conservative organizations and the Justice Department refusing to do a
thorough investigation of the lawbreaking, Americans cannot count on our
government to work at safeguarding our data from abuse.
In addition to paying new world taxes, Americans will also get to pay to
make it work.
The plot to abolish financial privacy and
national independence in tax policy will be expensive, although the
taxpayer-funded bureaucrats at the OECD - whose salaries are not taxed - do
not seem to care.
"What we are doing is to develop a single
standard that will be compatible with national and regional systems -
there will be only one way of collecting and exchanging information,"
said OECD tax czar Saint-Amans.
"That will cost something, but it is the
price to pay to be free from suspicion of complicity in fiscal fraud."
The costs of implementing the new regime are
expected to be staggering. Estimates vary, but potentially hundreds of
billions will be required to implement the regime.
Top OECD leaders also admit that benefiting rulers, not those they rule, is
the goal of the machinations.
"We are happy to redouble our efforts in
this area, working closely with interested countries [governments] and
stakeholders to design global solutions to global problems to the
benefit of governments and business around the world," declared OECD
boss Ángel Gurría, though it was not clear how having massive compliance
costs and mandates foisted on companies would benefit them.
The OECD boss, a former Mexican official with
the Socialist International-aligned Revolutionary Institutional Party, was
celebrating the exploitation of FATCA to create the global tax regime.
Among other concerns, opponents are also warning that the OECD and G-20
efforts would undermine global commerce and sovereignty by allowing high-tax
regimes to tax business income earned in more business-friendly
jurisdictions. It also represents an underhanded ploy to eliminate tax
competition, which for centuries has served as perhaps the most crucial
check on government power and abuses worldwide, contributing to better
policies and lower taxes.
After all, throughout history, if one ruler
hiked taxes too much, or implemented ridiculous policies, labor, capital,
and business could simply move to another jurisdiction.
"Ironically, OECD economists have written
that the corporate income tax is the most destructive form of taxation,"
explained Dan Mitchell, senior fellow at the Cato Institute.
"Yet the bureaucracy is now pursuing a
statist agenda that will penalize nations with relatively
non-destructive business tax systems - such as Luxembourg, Singapore,
Ireland, Switzerland, and the Netherlands - to help prop up failing
welfare states such as France."
If countries with less restrictive tax regimes
do not bow down to the OECD demands, they can be blacklisted as
"uncooperative," or worse, with economic sanctions being the implicit
The tactic is especially effective when bullying
smaller nations - Switzerland and Hong Kong, for instance - particularly
with Obama and bloated governments ruling major Western economies already
fully on board with the agenda.
Where It Goes From
In an interview with
SwissInfo.ch, OECD tax czar Pascal
Saint-Amans portrayed his organization - funded in large part by $100
million annually from U.S. taxpayers - as a global authority.
"The beauty of international organizations
is that we oversee relations between nations and the differences between
states," he boasted, though it was not clear where the OECD had any sort
of mandate to "oversee" relations between governments.
With the unaccountable bureaucrats at globalist
institutions almost always more than happy to trample individual rights and
siphon more wealth out of the productive sector, little to no official
opposition is expected to any of the ongoing plots to quietly erect, piece
by piece, a global tax regime.
Plus, powerful socialist forces and tax-funded
"non-governmental organizations" are already working overtime to make sure
the global tax regime and all that it entails can move forward.
Because the OECD, the G-20, and other forces seeking to foist the global
FATCA, GATCA, and taxation regimes on the world are largely unaccountable to
the public, stopping the scheme will be tough at this point.
If and when it goes into effect, governments all over the world will have
instant access to people's most sensitive financial records, including,
sale of real estate,
And the age-old notion of innocent until
proven guilty is being flipped on its head, with authorities searching
through people's highly personal information in search of potential crimes
without warrants or even suspicion.
Escape will become virtually impossible for the poor, middle, and
However, as multiple analysts have already
pointed out, there will be more than enough loopholes in the new world
taxation regime for the truly mega-wealthy members of the global
establishment to protect their own wealth from outright confiscation.
The rest of humanity, though, will suffer the
consequences if the brakes are not slammed on the scheme very soon.
Historically, the U.S. government has largely resisted the OECD's efforts to
"harmonize" global taxation policy - at least tepidly.
administration, however, the global plot has received among its
biggest boosts thus far with the adoption of FATCA and the administration's
full-blown open support for all of the key globalist talking points -
automatic information exchange, global minimum taxes, giving up sovereignty,
global warming-related wealth redistribution, and more.
Critics of the machinations say the best methods of fighting back, for now
at least, include raising awareness of what policymakers are doing and
urging lawmakers to put an end to the lawless schemes.
Stopping all funding to the OECD would be a good
start, too, and an easy one if Congress would take action. Now in public
view, the pieces of the New World Tax regime are already falling into
With firm resistance, though, the emerging
planetary taxation regime can still be stopped - along with everything such
a terrifying scheme would entail.