EU Tax Collection Plan Will Hurt U.S. Economy

CNSNews.com ^ | July 21, 2002 | Veronique de Rugy

[Great Dane]

We held a mortgage in Denmark, and sure enough every year, we would get a statement saying we should be paying taxes, we ignored it, did worry a little when we went there for vacations...... but nothing ever happened.

[Mulder]

We held a mortgage in Denmark, and sure enough every year, we would get a statement saying we should be paying taxes, we ignored it

Congratulations. With that mindset, it sounds like you're more American than you are Canadian.

[dalebert]

thanks for the ping

[flamefront]

Why would countries commit global economic suicide?

[Great Dane]

Congratulations. With that mindset, it sounds like you're more American than you are Canadian.

LOL, Have been for a long long time.

[F.J. Mitchell]

The Euro-socialist can't even provide their citizens free toilet paper without constant bail outs from the USA. Our citizens have for years paid ten times as much for prescription drugs, so we can carry the entire burden of financing medical research, while the socialist european nations provide their citizens cheap drugs at the expense of the USA.

When the h-ll do we stop carrying the socialist regimes on the backs of American citizens.

[Eustace]

American workers have not been important for a long time.

A book written in 1992 by Donald L. Barlett and James B. Steele , called America What Went Wrong tells in detail how our own government recruited businesses to leave America and relocate in other countries.

Our government helped pay for the relocations with our own tax money , I guess I should say the international banksters tax money , because that's who we pay our taxes to.

Someone tell me just what America's interests are. Because it appears that the American peoples interest and our corrupt governments interest are two entirely different things.

[RLK]

Unfortunately, some bureaucrats at the IRS and the Treasury Department are trying to make the market fall even more by driving foreign investors out of the U.S. economy.

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It's unclear to me why Americans can't invest in the U. S. economy instead of investing in foreign economies. We didn't need foreing investment in our economy 50 or 55 years ago. Why do we need it now?

[Willie Green]

Second, America is the best tax haven in the world. Low taxes and a strong commitment to financial privacy combine to attract more than $9 trillion of foreign capital to the U.S. economy.

Gee, how can this possibly be true?
We have whiney jack@$$es running around claiming that U.S. taxes are soooooo opresssssive that they have the brazen audacity to renounce their citizenship and call themselves "taxpatriots"!

Can you imagine such idiocy?

[Alamo-Girl]

Thanks for the heads ups!

[Vets_Husband_and_Wife]

Since this administration has not caved in to anything else the EU wanted from us,.. I can't see this happening. IMHO

[RobFromGa]

bump.

I just spent 6 days in the EU, and picked up three of the London Sunday papers on the way home yesterday. I read through all three (Spectator, Independent, Mirror) front to back on the plane trip home.

If we want to see where the Democrat Party wants to take America, one needs only to read todays European newspapers to see what the results of the socialist road will be. It is right there in black and white.

The UK National Health Service is a disaster with 6 month waits to see a doctor for checkup, with politicians pledging to "speed it up" to 3 months wait. Many more examples.

[E.G.C.]

BTTT!!!!

[E.G.C.]

BTTT!!!!!!

[Taxman]

Actually, Willie, Action America is far better equipped than I am to answer your question.

HST, however, there are countries with lower tax rates than the US. I am not into accumulating great wealth, but if I were, I am certain that I'd carefully investigate other opportunities to maximize my ROI by decreasing my tax burden.

But, this is not the focus or intent of the article -- the focus and intent is to warn America about the European Liberal/Socialist/Marxist "Tax Harmonization" scheme, which will invariably lead to less FReedom and higher taxes for both US and foreign investors.

[Centurion2000]

America is a LOW tax economy ? My God what have we become.

[HalfIrish]

Let's hope that the Bush administration will ..

Hope? Even the Bushbots are running out of that. It is painfully obvious that their man sucks. Even the brainwashed are coming in out of the fog. Perhaps it's not too late.

[beowolf]

You are right. This does not bode well for any of us...

Thanks for the PING, and good to 'see' you again!-)

[Austin Willard Wright]

bttt

[RCW2001]

The proposal would compel U.S. financial institutions to collect private financial data on non-resident investors so it can be turned over to foreign tax collectors.

The above sentence alone, justified by the 'war on terrorism'...will make this a 'done deal'!

I'm surprised that 'WOT' wasn't presented as justification for this action, i.e. tracking foreign assets.