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Global tax bullies --International money grubbers hope no one will notice
Washington Times ^ | Monday, September 28, 2015 | Richard W. Rahn

Posted on 09/29/2015 4:44:33 AM PDT by expat_panama

Are you aware that there is an international effort to increase taxes, including those paid by Americans?

On Oct. 5, the Organization for Economic Cooperation and Development (OECD) will release its “final package of measures for a co-ordinated international approach to reform the tax system under the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project.” In plain English,..

[snip]

It has also been well known that as government spending on pensions and other “entitlements” grows, it has a negative effect on hours worked and economic growth. A new paper published by the European Central Bank also shows a strong negative correlation between pension and social security expenditures, as shares of gross domestic product, on household net wealth levels. Again, none of this is surprising, but it is ignored as being politically inconvenient.

Many people, without thinking about it, like the corporate tax because they think it is a tax on greedy billionaires. In fact, the corporate tax is paid by consumers...

[snip]

The United States has become a global, irresponsible financial bully by imposing its Foreign Account Tax Compliance Act (FATCA) regulations on the world’s financial institutions. FATCA greatly reduces the ability of Americans living abroad and low-income people most anywhere on the globe to open bank accounts and transfer money, while placing a stifling burden of regulations on the world’s financial industry. The Obama administration and the complicit OECD never bothered to do cost-benefit analysis on all of these new regulations...

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: economy; investing; taxes
Huh. Europeans taxing Americans. You really got to hand it to those guys...
1 posted on 09/29/2015 4:44:33 AM PDT by expat_panama
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To: expat_panama

I have noticed these organizations popping up all over the place in every city the past few years (Organization For Economic Cooperation and Development). Part of the Agenda 21 blueprint perhaps?


2 posted on 09/29/2015 4:50:53 AM PDT by jsanders2001
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To: 1010RD; A Cyrenian; abb; Abigail Adams; abigail2; AK_47_7.62x39; Aliska; aposiopetic; Aquamarine; ..

Market in Correction!!  Not a very good way to wake up; how about "stock index futures lead the way at +0.46% while gold and silver hold steady at $1,127.96 and $14.61!  Sounds better, and while the stock dip was a jolt we're still above the big plunge that hit a month ago.  For now.

Reports --just the Case-Shiller 20-city Index and Consumer Confidence. 

Y'all might want to check out these threads:


3 posted on 09/29/2015 4:59:02 AM PDT by expat_panama
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To: expat_panama

DEFUND socialist collectives, foreign and domestic.

Socialism Is Legal Plunder - Bastiat


4 posted on 09/29/2015 5:01:24 AM PDT by PGalt
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To: jsanders2001
Part of the Agenda 21 blueprint

You mean like some kind of well planned thought out coordinated program?  You're asking a lot of our kin across the pond.  My take is that they're forming into a mindless mob.  Just as dangerous, same affect, but a lot easier to believe.

5 posted on 09/29/2015 5:03:10 AM PDT by expat_panama
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To: expat_panama
...they think it is a tax on greedy billionaires. In fact, the corporate tax is paid by consumers...

I wish more people understood this.

The Obama administration and the complicit OECD never bothered to do cost-benefit analysis on all of these new regulations...<.I>

I'm sure that's true but otoh, some bureaucrats will pass whatever tax plan the can simply because they can rig the process so they will get "their cut" of the revenue generated.

Any tax or other revenue plan under the UN mantle allows them to cast a wider net while pretending to solve the world's ills.

6 posted on 09/29/2015 5:11:00 AM PDT by citizen (America is-or wa5s-The Great Melting Pot. JEB won't even speak American in his own home. NO Bush!!)
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To: expat_panama
Slightly OT - (excerpt)
"Carly Fiorina (aka Cara Carleton Sneed) sat on the Foundation Board of the World Economic Forum, which has observer status with the United Nations Economic and Social Council.
But congressional support for global governance will not wane on Carly’s watch. Agenda 21 and “sustainable development” are the new buzz words for “global socialism” through global governance and Carly sits on the Foundation Board at the mother ship.
This is by no means new for Fiorina though. Her affiliation with global activists dates back many years and includes some of our nation’s most nefarious characters.
An inquiring reporter worth his or her salt should be asking Carly to describe her long-term relationship with Dr. Khalid al-Mansour—aka Don Warden, Black Panther puppet master, Saudi Royal front-man and Obama education financier?"
(source)

Granted this is old research material for Fiorina's senate run. (A shame we have to go to Canada Free Press for reporting this.) An aspiring reporter should ask 'what have you done lately?' wrt Carly Fiorina. And who (inside GOPe) backed her, encouraged her to run.

7 posted on 09/29/2015 5:13:47 AM PDT by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: PGalt

And all forms of government are socialist in nature, hence the need for limited government per our Constitution.


8 posted on 09/29/2015 6:04:20 AM PDT by 1010RD (First, Do No Harm)
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To: 1010RD
And all forms of government are socialist in nature, hence the need for limited government per our Constitution.

ABSOLUTELY.

That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

9 posted on 09/29/2015 6:09:48 AM PDT by PGalt
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To: PGalt

I get it. That’s why I don’t want a hedge trimmer like Trump, somebody who’ll maintain the lawn better than Obama (could be anybody chosen at random). I want a guy who’s going to tear it up and start fresh.


10 posted on 09/29/2015 6:23:56 AM PDT by 1010RD (First, Do No Harm)
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To: 1010RD
I want a guy who’s going to tear it up and start fresh.

I don't necessarily disagree but by definition isn't that advocating for a bloody revolution where all is "torn up?"
As opposed to tacitly agreeing with the authority conveyed via the current framework by participating in any sort of an election that is controlled by the current governing power.

Revolutions get messy pretty fast.

11 posted on 09/29/2015 8:42:50 AM PDT by citizen (America is-or wa5s-The Great Melting Pot. JEB won't even speak American in his own home. NO Bush!!)
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To: expat_panama
It seems to me it is America taxing Americans who are living abroad (possibly) twice and making life miserable for them with the FACTA enforcement.

The United States has become a global, irresponsible financial bully by imposing its Foreign Account Tax Compliance Act (FATCA) regulations on the world’s financial institutions. FATCA greatly reduces the ability of Americans living abroad and low-income people most anywhere on the globe to open bank accounts and transfer money, while placing a stifling burden of regulations on the world’s financial industry. The Obama administration and the complicit OECD never bothered to do cost-benefit analysis on all of these new regulations — because many are intellectually or morally dishonest (much like the fact that OECD staff is exempt from income taxes that they demand others pay). Brian Garst of the Center for Freedom and Prosperity said it best when he wrote that the OECD’s “BEPS threatens to erect substantial and costly new barriers to global commerce, and its proponents clearly hope no one will notice until it is too late.”

Obama’s America has become so onerous that Americans are giving up their citizenship to rid themselves of America's Obama Bullies.

http://money.cnn.com/2015/02/12/pf/americans-expat-citizenship-passports/

http://www.forbes.com/sites/robertwood/2014/02/06/americans-renouncing-citizenship-up-221-all-aboard-the-fatca-express/

http://blogs.wsj.com/totalreturn/2015/05/07/record-number-give-up-u-s-citizenship/

12 posted on 09/29/2015 8:48:52 AM PDT by Chgogal (Obama "hung the SEALs out to dry, basically exposed them like a set of dog balls..." CMH)
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To: citizen

Ours is the only one that worked. So I think Walker’s method is the best. Cut the umbilical cord between Democrats and government. Starve them with an incentive system, a kind of reverse Great Society.

Another way is to end entire departments by simply transferring the funding to the states directly. Let it be spent more wisely locally. Once that happens it becomes very hard to take that power back.


13 posted on 09/29/2015 1:50:02 PM PDT by 1010RD (First, Do No Harm)
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To: 1010RD

Sounds like a plan! A few thoughts...to implement it we need:
1) First, as always we need a more informed and committed electorate demanding the necessary political and social changes. Given our increasingly secular, plugged-in, Kardashian oriented society this is a daunting task requiring a generation or more to change things back toward the way they used to be at, say, the beginning of Reagan’s first term.
2) From the above group, a very wealthy person(s) committed to buying and controlling as many media operations as possible to direct them as news/info outlets espousing conservative and common sense values. They must be tech savvy enough to stay up with the current and new technologies. Trump must have plenty of rich friends, some of them are conservatives such as the casino owning Steve Wynn.
3) A Trump-like (or 0bama) president willing to implement necessary and drastic changes. Needs to be a Reagan-like authority figure and must be willing to do what is politically necessary to meet his/our goals. This importantly includes cowing the MSM instead of meekly acquiescing to them.
4) Committed foot soldiers at the grassroots level to identify and/or convert like-minded individuals among their friends, family, co-workers, church congregation, etc. Perhaps a forum such as Free Republic could play a large part in this effort.

So far, seems like Trump is the only current likely candidate for our Reaganesque leader but he’s a big wild card, how would he really govern?? I had hoped Walker would be the leader of big change in DC but this cycle wasn’t his time, if ever. Rubio has the charisma but I fear not the necessary and unyielding commitment. Carson I can’t really figure what or who he is and how he might actually govern...so he’s another wild card. Fiorina’s past seems to tag her as a Fio-rino. Cruz may be the last guy standing but the media will be absolutely rabid if he is elected. We wouldn’t care what they thought, nor would Cruz either....except that it would likely neuter him even though he would fight mightily against them. So I guess we’re back to Trump.


14 posted on 09/29/2015 4:37:31 PM PDT by citizen (America is-or wa5s-The Great Melting Pot. JEB won't even speak American in his own home. NO Bush!!)
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To: expat_panama
FYI - something to noodle on.

http://www.telegraph.co.uk/finance/economics/11898936/World-set-for-emerging-market-mass-default-warns-IMF.html

15 posted on 09/29/2015 10:51:22 PM PDT by Chgogal (Obama "hung the SEALs out to dry, basically exposed them like a set of dog balls..." CMH)
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To: PGalt

If I were POTUS I’d use the Commerce Clause like a hatchet on local and state regs. If self-grown wheat for personal consumption is “in commerce” then so is every licensing and permitting scheme in the nation.


16 posted on 09/30/2015 8:36:25 PM PDT by 1010RD (First, Do No Harm)
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To: 1010RD

“Ours is the only one that worked. So I think Walker’s method is the best. Cut the umbilical cord between Democrats and government. Starve them with an incentive system, a kind of reverse Great Society.”

“Another way is to end entire departments by simply transferring the funding to the states directly. Let it be spent more wisely locally. Once that happens it becomes very hard to take that power back.”

EXACTLY. “Starve them with an incentive system” and “end entire departments” BUMP!

Discussion from a long time ago...

If it has its defects, it is said, they can be best amended when they are experienced. But remember, when the people once part with power, they can seldom or never resume it again but by force. Many instances can be produced in which the people have voluntarily increased the powers of their rulers; but few, if any, in which rulers have willingly abridged their authority. This is a sufficient reason to induce you to be careful, in the first instance, how you deposit the powers of government.

How far the clause in the 8th section of the 1st article may operate to do away all idea of confederated states, and to effect an entire consolidation of the whole into one general government, it is impossible to say. The powers given by this article are very general and comprehensive, and it may receive a construction to justify the passing almost any law. A power to make all laws, which shall be necessary and proper, for carrying into execution, all powers vested by the constitution in the government of the United States, or any department or officer thereof, is a power very comprehensive and definite [indefinite?], and may, for ought I know, be exercised in a such manner as entirely to abolish the state legislatures. Suppose the legislature of a state should pass a law to raise money to support their government and pay the state debt, may the Congress repeal this law, because it may prevent the collection of a tax which they may think proper and necessary to lay, to provide for the general welfare of the United States? For all laws made, in pursuance of this constitution, are the supreme lay of the land, and the judges in every state shall be bound thereby, any thing in the constitution or laws of the different states to the contrary notwithstanding. — By such a law, the government of a particular state might be overturned at one stroke, and thereby be deprived of every means of its support.

It is not meant, by stating this case, to insinuate that the constitution would warrant a law of this kind; or unnecessarily to alarm the fears of the people, by suggesting, that the federal legislature would be more likely to pass the limits assigned them by the constitution, than that of an individual state, further than they are less responsible to the people. But what is meant is, that the legislature of the United States are vested with the great and uncontroulable powers, of laying and collecting taxes, duties, imposts, and excises; of regulating trade, raising and supporting armies, organizing, arming, and disciplining the militia, instituting courts, and other general powers. And are by this clause invested with the power of making all laws, proper and necessary, for carrying all these into execution; and they may so exercise this power as entirely to annihilate all the state governments, and reduce this country to one single government. And if they may do it, it is pretty certain they will; for it will be found that the power retained by individual states, small as it is, will be a clog upon the wheels of the government of the United States; the latter therefore will be naturally inclined to remove it out of the way. Besides, it is a truth confirmed by the unerring experience of ages, that every man, and every body of men, invested with power, are ever disposed to increase it, and to acquire a superiority over every thing that stands in their way. This disposition, which is implanted in human nature, will operate in the federal legislature to lessen and ultimately to subvert the state authority, and having such advantages, will most certainly succeed, if the federal government succeeds at all. It must be very evident then, that what this constitution wants of being a complete consolidation of the several parts of the union into one complete government, possessed of perfect legislative, judicial, and executive powers, to all intents and purposes, it will necessarily acquire in its exercise and operation.

Let us now proceed to enquire, as I at first proposed, whether it be best the thirteen United States should be reduced to one great republic, or not? It is here taken for granted, that all agree in this, that whatever government we adopt, it ought to be a free one; that it should be so framed as to secure the liberty of the citizens of America, and such an one as to admit of a full, fair, and equal representation of the people. The question then will be, whether a government thus constituted, and founded on such principles, is practicable, and can be exercised over the whole United States, reduced into one state?

Anti-federalist: Brutus #1


17 posted on 10/03/2015 6:49:41 AM PDT by PGalt
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To: PGalt

We’re still a minority today. Excellent post. don’t stop fighting for small government, even if you end up fighting FReepers aka Trumpettes.


18 posted on 10/06/2015 7:01:22 PM PDT by 1010RD (First, Do No Harm)
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