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Luiz Inácio Lula da Silva, the radical leftist President of Brazil currently hosting the G20 summit in Rio de Janeiro, will tell attendees Monday the time has come for a global taxation impost on ultra wealthy individuals. At a July meeting of G20 finance ministers in Rio, the world’s wealthiest nations agreed to start a “dialogue on fair and progressive taxation, including of ultra-high-net-worth individuals,” despite fierce resistance from the United States and Germany. Now Lula says the time has come for action as he hopes to move the wealth tax plan forward as the money raised from billionaires will...

The proposal to introduce a tax on financial transactions (FTT)—or Tobin tax—across a number of EU countries by January 2014 is under pressure as Italy wants fundamental changes to the plan and the UK has launched a legal challenge in the European Court of Justice. A statement on Saturday (20 April) from Italy’s permanent representative in Brussels, Ferdinando Nelli Feroci, said: “Transactions in state bonds should be excluded from the taxed instruments in the proposed Tobin tax.” He described this as a red-line, non-negotiable issue for Italy. … The plan was requested through “enhanced cooperation” by 11 countries, including Italy,...

(CNSNews.com) - At news conference in Paris on Tuesday, President Obama said "the most elegant way" to reduce carbon emissions is "to put a price on it." He was responding to a reporter who asked Obama, "I wonder if you see any political path back home toward putting a price on carbon?" "I have long believed that the most elegant way to drive innovation and to reduce carbon emissions is to put a price on it. This is a classic market failure," Obama replied. "If you open up an Econ 101 textbook, it will say the market's very good about...

@disclosetv NEW - Globalist Macron calls for a new "international taxation" on top of current taxes to finance "climate efforts."

IMF paper warns of 'savings tax' and mass write-offs as West's debt hits 200-year high ... Debt burdens in developed nations have become extreme by any historical measure and will require a wave of haircuts, warns IMF paper. The paper said policy elites in the West are still clinging to the illusion that rich countries can chip away at their debts with a blend of austerity cuts and growth. – UK Telegraph Dominant Social Theme: The West is out of control and only taxes can save it. Free-Market Analysis: The UK Telegraph has discovered that the IMF wants to inflict...

Humanity has thrown the global water cycle off balance “for the first time in human history,” fueling a growing water disaster that will wreak havoc on economies, food production and lives, according to a landmark new report. Decades of destructive land use and water mismanagement have collided with the human-caused climate crisis to put “unprecedented stress” on the global water cycle, said the report published Wednesday by the Global Commission on the Economics of Water, a group of international leaders and experts. The water cycle refers to the complex system by which water moves around the Earth. Water evaporates from...

White House adviser John Podesta will replace John Kerry as the nation’s lead climate diplomat, the White House announced on Wednesday. “We need to keep meeting the gravity of this moment, and there is no one better than John Podesta to make sure we do,” White House Chief of Staff Jeff Zients, in a written statement shared with reporters. Podesta will remain at the White House and will get the title of senior advisor to the president for international climate policy. In that role, he will lead the Biden administration’s international climate policy agenda and will coordinate with other officials...

I had not heard this. And what I am hearing is pretty disturbing as, unsurprisingly, it completely screws American businesses. It takes the concepts of globalism and equity, then combines them while surrendering our sovereignty over our own tax revenues. Basically giving it away.Does that sound about right? The quiet new way @JoeBiden & @TheDemocrats wants to tax you. @OECD surrenders America’s sovereignty over our tax code and allows foreign countries to take our taxes that were meant for our own essential programs and military. https://t.co/7H2rYl6iB0— Topper in NC (@LieselGreer) July 22, 2023Horrifically enough, it is.Over the past two years,...

In Paris, the Summit for a New Global Financing Pact has just concluded. The two-day Paris meeting attracted a host of important globalists and heads of state, including Biden’s climate envoy John Kerry, Treasury Secretary Janet Yellen, French President Emmanuel Macron, German Chancellor Olaf Scholtz, Brazilian president Lula da Silva, European Commission President Ursula von der Leyen, World Bank head Ajay Banga, IMF President Kristalina Georgieva, and UN Secretary-General António Guterres. These and many other globalist movers and shakers headlined the latest in a series of international climate confabs whose purpose is compensating poor countries for alleged climate-related injustices.

French President Emmanuel Macron has suggested the imposition of a global taxation system in order to subsidise the green agenda to mitigate climate change. Speaking at the Summit for a New Global Financing Pact in Paris on Friday, Mr Macron argued that actions from individual governments would be insufficient to deal with the alleged armageddon set to descend upon the world and therefore a new international taxation framework should be established.

@JStein_WaPo Scoop: White House weighs declaring national climate emergency as soon as this week, per sources, as collapse of talks w/ Manchin leads admin to explore raft of unilateral options

The Biden administration’s international tax agenda suffered a setback when Sen. Manchin rejected a 15% minimum tax on multinational companies this past week, dimming prospects of turning last year’s global tax agreement into reality. Biden administration officials had planned to use Democratic fiscal legislation to enact the U.S. piece of the deal struck last year by Treasury Secretary Janet Yellen and more than 130 other countries. They wanted quick action to set a 15% minimum tax on U.S.-based multinational companies in each country where they operate, a move aimed at showing international leadership and prodding other countries to follow suit....

Scientists are mad as hell and demand their claims of looming climate catastrophe are taken seriously. That’s the message released Sunday by a loosely federated global network of scientists and academics who plan “high levels of disobedience” to highlight what they say is a planet in decay. Members of Scientist Rebellion told AFP their non-violent actions are timed to coincide with an upcoming report from the U.N.’s climate science advisory panel laying out options for slashing carbon pollution.

Strains of a "superpower" bacteria that could cause the world's next deadly pandemic have been discovered by scientists in Antarctica. Researchers found that the bacteria have a built-in resistance to antibiotics that could make current treatments useless. The Chilean researchers made the discovery during research into how climate change could affect the spread of bacteria that had been frozen in ice for thousands of years. They warned that climate change means the bacteria will have the potential to spread beyond polar regions, with potentially catastrophic consequences. ...

Last Friday, in a triumph for transnationalism, 136 nations, including the U.S., agreed to mandate a global corporate income tax for all nations that will not be allowed to fall below 15%."Virtually the entire global economy has decided to end the race to the bottom on corporate taxation," said Treasury Secretary Janet Yellen, who negotiated the pact.Betraying a nervousness as to how such a minimum corporate tax, dictated by globalists, will be received in Congress, Yellen urged that it be adopted "swiftly." Yellen is right to be nervous.The tax proposal is a giant leap forward toward a globalism that America...

The breakthrough comes after some changes were made to the original text. Notably that the rate of 15% will not be increased at a later date, and that small businesses will not be hit with the new rates. This helped Ireland — a longtime opponent of raising corporate tax rates — to get on board with the plan.... The agreement is "a once-in-a-generation accomplishment for economic diplomacy," U.S. Treasury Secretary Janet Yellen said in a statement. Yellen applauded the many nations who "decided to end the race to the bottom on corporate taxation," and expressed hope that Congress will use...

A major maritime industry association on Monday backed plans for a global surcharge on carbon emissions from shipping to help fund the sector’s shift toward climate-friendly fuels. The International Chamber of Shipping said it’s proposing to the United Nations that all vessels trading globally above a certain size should pay a set amount per metric ton of carbon dioxide they emit. Environmental groups welcomed the proposal to the the International Maritime Organization, a U.N. body, but cautioned that it doesn’t specify what carbon price would be supported by the group, which represents commercial shipowners and operators covering over 80% of...

Nine countries have refused to sign onto an international tax reform framework that includes a 15 percent global minimum corporate tax pushed by the Biden administration as a way to reduce international tax arbitrage by U.S. multinationals and blunt the impact of President Joe Biden’s proposed domestic corporate tax hike. While officials from 130 out of 139 countries in the so-called OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting agreed last week to establish the new framework, Ireland, Estonia, Hungary, Peru, Barbados, Saint Vincent and the Grenadines, Sri Lanka, Nigeria, and Kenya did not sign the agreement. Irish Finance...

Since the beginning of the new administration, President Biden has not missed an opportunity to tell global leaders that “America is back” on the world stage. This trend was amplified at the most recent G-7 summit. However, despite repeated assertions to the contrary, the agenda Biden pursued at this summit has great potential to harm the global economy and alienate the United States from its allies. This is most particularly true when it comes to the administration’s plans for a global corporate minimum tax (GCMT). The proposal from the administration seeks to get as many countries as possible to agree...

The Group of Seven (G7) nations, including the United States and six other wealthy countries, recently announced they had reached an agreement to impose a minimum global corporate tax rate on multinational companies and would be amending long-held international tax principles and rules. Treasury Secretary Janet Yellen hailed the announcement as a victory that would end the global “race to the bottom” on taxation. But in truth, what the G-7 proposed is a bad deal for America’s sovereignty, American businesses, and taxpayers.The agreement has two main components. The first is to implement a new tax rule. Currently, corporations pay taxes...