Monday, 17 February 2014 19:00

Globalists Unveil Socialist-backed New World Tax Regime

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As various tax-funded international institutions explicitly outline plans to plunder humanity’s wealth to prop up governments drowning in odious debts, the Organization for Economic Cooperation and Development (OECD) last week officially unveiled a new socialist-backed plot to create a global tax information-sharing regime to ensure that nobody except the establishment escapes the upcoming fleecing. Under the proposed scheme, admittedly inspired by “FATCA,” the Obama administration’s latest addition to the sprawling U.S. tax regime, governments and dictatorships worldwide will automatically share all private financial data on citizens with each other to extract as much wealth as possible from the public.

Calling its scheme 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. 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 OECD tax policy boss Pascal Saint-Amans, who pays no taxes on his bloated tax-funded salary.

Over 40 governments, which the Paris-based OECD misleadingly refers to as “countries,” have already committed to adopt the controversial scheme. In a “joint statement,” participating governments celebrated the plot, which they believe will help extract more revenue from the public. “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.”

Sounding suspiciously like a threat, the participating governments also claimed that only countries with rulers who submit to the draconian new regime will “prosper in the future.” In other words, join the global tax regime and violate the privacy rights of everyone in the jurisdiction, 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.

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 onboard 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. Not coincidentally, at a 2012 summit in South Africa hosted by the SACP-ANC government, the premier global totalitarian alliance known as Socialist International signed a declaration demanding global taxes, a planetary currency — and a global tax-information-sharing regime along the lines of what was outlined last week by the OECD.

“There is a pressing need to dismantle tax havens, close loopholes and create automatic tax record exchange systems,” claimed one of the resolutions adopted last year by the socialist outfit’s oftentimes brutal members, many of which are currently in power in ruthless autocracies around the world. “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.”

In fact, the OECD even boasts of its collaboration on the plot with tyrannical socialist regimes famous for human rights abuses and in some cases, even mass murder. “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 before releasing the actual plan on February 13.

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. Multiple EU member governments have also reportedly promised to adopt the scheme. More than a few brutal autocracies are expected to join as well, making the potential for abuses of the highly confidential data even more alarming to analysts.

Developed at the behest of the G-20, a group of the most powerful governments and tyrants including the barbaric communist dictatorship ruling mainland China, supporters of the new tax regime are demanding that it be in effect by 2015. Finance bosses for G-20 powers are expected to sign off on it later this month at a meeting in Australia. With the unaccountable bureaucrats 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. Plus, powerful socialist forces and tax-funded “non-governmental organizations,” so-called, are already working overtime to make sure the scheme moves forward.

The New American first reported on the G-20 and OECD global-tax plot early last month. Backed by socialist luminaries and international bureaucrats at various outfits funded primarily by U.S. taxpayers, the planetary regime is being pushed under the guise of ensuring that governments can collect as much tribute as possible. The global plot is admittedly based on a “devastating” new Obama administration taxation scheme known as the Foreign Account Tax Compliance Act, or FATCA, which purports to force all governments and banks worldwide to become agents of the IRS. Some analysts and critics of the OECD’s international version of the regime have referred to it as “GATCA.”

If and when it goes into effect, governments all over the world will have instant access to people’s most sensitive financial records including bank accounts, assets, income, insurance, interest paid, capital gains, property ownership, investments, sale of real estate, and more. In other words, the age-old notion of innocent until proven guilty is being flipped on its head, and authorities will not require any warrants or even suspicion to search through people’s highly personal information in search of potential crimes. Critics are already sounding the alarm on the vast array of possible abuses and problems that could result from the scheme, too. The OECD, though, celebrated the move.

“Globalization of the world's financial system has made it increasingly simple for people to make, hold and manage investments outside their country of residence,” noted OECD boss Angel Gurria in a statement, calling the new tax-information plot “a real game changer.” “This new standard on automatic exchange of information will ramp up international tax co-operation, putting governments back on a more even footing as they seek to protect the integrity of their tax systems and fight tax evasion.”

The repercussions of the OECD scheme for Americans and people around the globe — especially when it comes to financial privacy and economic freedom — will be crushing, experts argue. Among other problems, supporters of free markets and tax competition point out that the global taxation scheme aims to crush inter-jurisdictional competition, a key historical factor contributing to better policies and lower taxes. Analysts also say the end goal is the creation of a planetary taxation authority, which globalists have been foaming at the mouth to foist on humanity for decades.

Of course, the staggering financial costs of implementing the new regime to abolish financial privacy worldwide will ultimately be paid by the victims of the scheme: consumers and taxpayers forced to pay higher prices and more taxes to have their rights trampled on. Perhaps the most troubling aspect of the scheme, however, is that it comes on the heels of openly declared plots to fleece humanity under the guise of propping up debt-laden bloated governments that borrowed trillions of dollars to bail out big banks and other cronies amid the economic crisis.

A recent IMF report, for instance, called for a “one-off tax on private wealth,” but noted that measures such as capital controls would have to be adopted prior to the plundering to ensure that nobody could escape. As multiple analysts have already pointed out, there will, of course, 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 ill-gotten wealth from outright confiscation. The rest of humanity, however, will suffer the consequences if the brakes are not slammed on the scheme very soon.

 

Alex Newman, a foreign correspondent for The New American, is normally based in Europe. He can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it. .

Related articles:

Globalists Exploit New U.S. Tax Law for World Taxation Regime

IMF Pushes Plan to Plunder Global Wealth

Obama IRS to Share Private Financial Data With Russia’s Putin

New U.S. Tax Regime is "Devastating," Experts Say

U.S.-Funded OECD "Cartel" Seeking Higher Global Taxes

Putin’s KGB/FSB Converging with New IMF Banking FSB

Socialist International Congress Demands Global Governance, Wealth Redistribution

G-20 Advances New World Order, Media Admit

UN Report Pushes Global Taxes to Fight Poverty

Republican Party Votes to Repeal “Punitive” New FATCA Tax Regime

New U.S. Tax Regime Trampling Rights in New Zealand and Beyond

"Tobin Tax" and UN Global Taxman Making A Comeback

Obama Confirms Adviser Sperling’s Call for a “Global Minimum Tax” 

4 comments

  • Comment Link Diana Tuesday, 18 February 2014 16:16 posted by Diana

    This shouldn't surprise anyone. Back from the getgo, the Obama administration knew that the massive stimulus spending signed into law at the beginning of President Obama's first term would produce record deficits. They hoped to use the deficits to force large new tax hikes and promote income redistribution. Many commentators believe that the goal of the administration was to force a value added tax—a type of national sales tax—that would mimic the social democracies of Europe. This alternative, a "VAT," has been widely discussed in Washington. In effect, it was hoped that the record deficits would create a "debt bomb" that could only be defused by a new and far-reaching tax regime—or, at a minimum, by substantially higher effective tax rates.

  • Comment Link Tony Butler Tuesday, 18 February 2014 11:35 posted by Tony Butler

    And by strange coincidence and in line with NWO population reduction policy, and the elimination of 'useless eaters.' The UK Government is considering banning the elderly from obtaining durgs, and expensive medical treatment. "You're no longer earning and making us money, so die?"
    These people are criminal psychopaths.

    "“The death dumps, otherwise known as chemical trails, are being dropped and sprayed throughout the United States and England, Scotland, Ireland, and Northern Europe. I have personally seen them not only in the United States, but in Mexico and in Canada. Birds are dying around the world. Fish are dying by the hundreds of thousands around the world. This is genocide. This is poison. This is murder by the United Nations.

    This element within our society that is doing this must be stopped. I happen to know of two of the locations where the airplanes are that dump this crap on us. Four of the planes are out of the Air National Guard in Lincoln, Nebraska. And, the other planes are out of Fort Sill, Oklahoma. I personally have observed the planes that were standing still in Nebraska – Lincoln, Nebraska – at the Air National Guard. They have no markings on them.

    They are huge, bomber-like airplanes with no markings. This is a crime: a crime against humanity, a crime against America, a crime against the citizens of this great country. The must be stopped. What is wrong with congress? This has an affect on their population, and their people, and their friends, and their relatives, and themselves. What’s wrong with them? What’s wrong with the pilots who are flying these airplanes and dumping this crap, this poison, on their own families? Somebody has to do something about it. Somebody in Congress has to step forward and stop it now. Thank you. I’m Ted Gunderson.”

    Former FBI Chief, Ted L. Gunderson's statement regarding chemtrails on January 12, 2011.

  • Comment Link Nora Tuesday, 18 February 2014 09:38 posted by Nora

    I like the plain language of this article, which calls a spade a spade. Too much pussy-footing around these hard truths that we are suffering the consequences of, by failing to act to remove these dictators from power, has left us where we are.
    We the people of America need to realistically assess what we're doing by paying taxes. 1. Where does the money go? 2. What benefit does paying and paying and paying, provide? 3. If the Federal Reserve can print all the money the government needs, why do we need to pay at all?

    The answers are: All revenue goes to the Queen of England. (do your own research--it's true) The United States was forced into bankruptcy in the late 20's by the international bankers, and the taxes are interest on the debt the crown believes we owe. 2. There are no extra services or benefits provided by our taxes and they are not needed to run a constitutional sized government. 3. The Federal Reserve is not even part of the government--it's a private "for profit" bank, that has established a network of central banks which believe they will rule the world by robbing every single person on this planet of what they work for, or in other words a parasite.
    Still think you should pay? You are part of the problem, then.

  • Comment Link Heidi Preston Tuesday, 18 February 2014 00:16 posted by Heidi Preston

    Interestingly enough Switzerland just said that they would not abide by Eu's tax initiatives. Switzerland is not a member of the EU but does interject into their treaties ect. is playing a smart hand. They know that the EU wants them to:
    1.bring taxes into line with the rest of EU members (even though they are not a "full" member so they can have loop holes for Switzerland and get away with it (the rich still need a place to put their safe money).
    2.they wanted them to expand the taxation on interest on bank accounts belonging to EU citizens.
    3.become institutionally interconnected that Switzerland would have to automatically adopt European laws in the future (they are not willing to do so)
    4.allow European court of justice to decide on treaty disputes

    These EU interests are what we are seeing being proposed to our country as well, with one BIG difference. Our Government says ...yeah, we're in.
    Why? Because our country has very little to save from the "internationally interconnectedness" business wise...our main income for the GDP is INSURANCE money.....

    I wish we had a government that wasn't ruled by the Bolshevist Wall-street investors in developing countries and would re-focus on sovereignty of the United States. But then again that went out the window when Roosevelt and Churchill met in Newfoundland to draft and sign the Atlantic charter (the prelude to the United Nations). The only one that benefited from that one was .......

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