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 ...
The U.N. can stick it where the moon don’t shine.
RESIST THIS! It is an attempt to impose a whole world order governrment on the rest of us.
Resist this!
The entire purpose of the GOP since 1989 has been to block the citizens from stopping the Bush Plan for North Mexico (aka USA)
The purpose of the Bush Plan for North Mexico is to steal our country from us using the votes of foreigners to subsume the US to the UN and create the New World Order that Daddy Bush dreamed of.
Blocking us from stopping that has been the primary purpose of the GOP since 1989.
The UN Building in New York can go down like the World Trade Center for all I care.
Bunch of criminal scumbags.
The Facti panel....too close to the word “Fauci”.
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