US Treasury Sets Out International Tax Agenda

TaxNews.com ^ | 12/17/02 | TaxNews.com

[ApesForEvolution]

A break from all the Lott debacle. Thoughts? Opinions? Rants? Merry Christmas FReepers!

[ApesForEvolution]

PING

[OKSooner]

Can anyone post a picture of this Pam Olson? I think some of us might know her...

[I_Love_My_Husband]

Since I might be (nevermind) I *am* going to do my husband's taxes, this was very interesting.

I am hoping for tax reform...SOON!

[ApesForEvolution]

You might find it with a google search? The treasury website maybe? I don't believe I know that I've ever seen her before either...

[ApesForEvolution]

We need to get other issues behind us and focus on some key issues, one of them tax reform (I prefer disbanding the IRS/IRC and repealing the 16th Amendment) *RIGHT NOW*, first thing after the new session starts.

[JohnnyZ]

picbio

[RISU]

ITS A BIG ASS TRAP.... What we need like a hole in the head is the "Globalists" getting together on a "Tax Policy".

[Willie Green]

Can anyone post a picture of this Pam Olson? I think some of us might know her...

The bimbo needs to be tarred and feathered.
Our tax code, convoluted as it is, is a sovereign issue to be determined by We the People, not to be governed by agreement between international bureacrats.
We have no right telling other nations how to tax themselves.
And other nations sure as hell don't have any right to say how WE should be taxed.

[ApesForEvolution]

I got that out of it as well. Reform? Great. Global taxes? No thanks.

[ancient_geezer]

What we need like a hole in the head is the "Globalists" getting together on a "Tax Policy".

This has been in the works for several years now, part of converting our tax system in to an individual income tax plus EU style VAT.

http://www.taxfoundation.org/foundationmessage03-00.html

"Under the WTO definition of the term, a sales tax is an indirect tax, as is an European-style VAT. The economic equivalence of an European-style VAT and a subtraction-method VAT is well-established. A subtraction-method VAT is essentially identical to a business income tax except that all purchases of plant and equipment may be expensed, rather than depreciated as under current U.S. law."

House Ways & Means Committee hearings in 2001 were held on how and why we should make changes to make our Corporate tax system WTO compliant. The changes put forward in the above article are in line with creating an individual income tax plus VAT system of the European Union.

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I would prefer getting rid of all individual and Corporate taxes, and going to a totally visible single rate single stage Retail Sales Tax. Such a tax has the advantage that exports have no taxes embedded in them overcoming the problems of corporate taxation that embeddes taxation in the price of goods and services and makes the real burden of federal taxation visible to the citizen providing an incentive towards smaller government an expenditure reductions.

Thomas Hobbes from Leviathan

• "It is fairer to tax people on what they extract from the economy, as roughly measured by their consumption, than to tax them on what they produce for the economy, as roughly measured by their income."

[ApesForEvolution]

Yup. I *REALLY* don't want to see a Global Retail Sales Tax or any sort of rubbish. Reform? Yes. Global, sovereignty-eroding bs? NO WAY!

[ancient_geezer]

BTTT

[ApesForEvolution]

Thank you a_g! And, a very, very Merry Christmas to you and yours!! I agree with your assessment.

[ApesForEvolution]

BTW, what qualifies one for "ancient"? (:o

[Principled]

Fundamental Tax Reform Bump

[ancient_geezer]

A lack of adjectives for the noun "geezer" on Yahoo :O|

[rohry]

What we need like a hole in the head is the "Globalists" getting together on a "Tax Policy".

"This has been in the works for several years now, part of converting our tax system in to an individual income tax plus EU style VAT."

Thanks for deciphering this mishmash of a speech. I was ready to post this statement (because I read the article twice and could not figure out her agenda):

"When bureaucrats speak no clear point will be made..."

Now I understand...

[ancient_geezer]

You're welcome. Aggravating isn't it?

[Luke]

NO taxes ever again... for anything and death before taxes on an international level.