Posted on 05/11/2021 2:57:39 PM PDT by george76
A high-level U.N. panel .. made a series of sweeping recommendations aimed at reforming the global financial system, which includes the implementation of an international corporate tax rate.
The High-Level Panel for International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI) said a 20% to 30% global corporate tax on profits would “help limit incentives against profit shifting, tax competition and a race to the bottom.”
The panel recommends the creation of a body that collects and disseminates data about corporate profits, where the assets of multinational corporations are located, as well as which entities own them, calling such data the “bare minimum” necessary to even begin addressing tax avoidance and evasion.
The minimum tax, the panel notes, should be designed to incentivize ”sustainable development investment while retaining sufficiently high effective taxation.”
The Facti panel comprises former world leaders, central bank governors, business and civil society heads and academics.
Tax avoidance has been a persistent global problem, as multinational companies continue to exploit loopholes or take advantage of tax havens around the world. Annually, governments lose between $500 billion and $650 billion in revenue from tax avoidance
(Excerpt) Read more at forbes.com ...
https://freerepublic.com/focus/f-chat/3948526/posts
UN Agenda 21 / 2030 ( Let me know if you wish to be added or removed from the list.)
Screw the rest of the world. Our “leaders” are supposed to furthering American interests.
As for taxes — we are Taxed Enough Already
Get Stuffed Criminal UN
Internationalist goons should be introduced to Mr Guillotine.
Oh hell no. The income tax is the one key element that allowed the US government to become an uncontrollable monster, and it would do exactly the same thing for global government.
freeloaders, like the UN, are always worried about who is going to pay their bills.
Wow, so they could milk Americans and so they could have billions of people not paying their taxes, and put billions of people on the dole, all funded with rich American tax payments. No thank you.
20% to 30%? Why not just make it 100%?
FUUN!
Replace corporate tax with a general border adjustment tax on all goods coming into port. Would also like to see the payroll tax replaced with a tax on offshore services.
What does Biden say about this? Delaware is one of best (or worst depending on your view) states for tax avoidance.
They would only be proposing this if it somehow furthered the globalist agenda.
“The Great Reset” & “Build Back Better”. And all the other “agenda” names they can pull out of their butts.
Do NOTHING to compromise our sovereignty. This is not just a bad idea, it is treasonous.
“the implementation of an international corporate tax rate”...
Another scam by the UN to line their own pockets.
They make tax avoidance sound like a bad thing. The less money these greedy government scum get the better.
One more step to global governance.
UN can suck the big one.
Corporations DO NOT PAY TAXES. Corporations COLLECT taxes on behalf of the government. This is nothing less than a tax on all goods and services, with corporations collecting those taxes as an agent of the government, or in this case the “global government” UN. And rest assured, they will craft the tax in such a way as to hurt the US economy and benefit China.
It’s not tax avoidance they are afraid of, it is tax competition—and of course they’re globalists, so they want national sovereignty to be superseded by new global powers for them.
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