http://www.thenewamerican.com/economy/item/17337-globalists-exploit-new-u-s-tax-law-for-world-taxation-regime
Leading the charge to create the new global tax regime is the Group
of 20 (G-20), a coalition of governments and brutal dictatorships that
are in the process of building what virtually every major media outlet recently described as a “New World Order.”
Top officials in the outfit, which includes the ruthless Communist
regime ruling mainland China, among other barbaric autocracies, publicly
announced a plot in recent years to share financial data and more on
all citizens with each other. The goal, for now: extract as much wealth
as possible.
...
To implement what critics call their nightmarish vision of a “World
Tax Organization” — supposedly aimed at stopping tax evasion — the G-20
asked the United Nations-linked Organization for Economic Co-operation
and Development (OECD) to take the lead. The widely criticized “cartel”
of tax-hungry politicians,
infamous primarily for fanatical efforts to crush national sovereignty
and for bullying jurisdictions with relatively low taxes into
surrendering their competitive advantage, is now working to develop the taxation regime and prod its member governments into adopting it.
Meanwhile,
the inspiration and model for the global information-sharing scheme,
OECD bosses admit, is FATCA. “A key catalyst for automatic exchange of
information and the on-going OECD work has been the FATCA legislation
enacted by the United States in 2010,” the international outfit said
last year in a brief, adding that the plot also has the ardent support
of central bankers and G-20 regimes. In fact, the brief explains, FATCA
pseudo-treaties between the Obama administration and foreign governments
— unconstitutional under the U.S. Constitution, critics say — will even
serve as the “model” and “template” for the global regime.
...
According to a brief by the OECD, among the data that governments
would share with each other as part of the “automatic exchange of
information” (AEOI) regime are various categories of income, changes of
address, purchase or sale of property, and more. Of course, the scheme
turns American traditions and constitutional protections upside down.
Instead of being secure in one’s house, papers, and effects without a
warrant and probable cause, governments and autocrats around the world
will be free to rifle through citizens’ most sensitive information at
will. Hackers, criminals, and identity thieves, among others, might also
be able to access the data, opponents warn.
The plot to
abolish financial privacy and national independence in tax policy will
also be expensive, although the taxpayer-funded bureaucrats at the OECD —
whose salaries are not taxed — do not seem to care. “What we are doing
is to develop a single standard that will be compatible with national
and regional systems — there will be only one way of collecting and
exchanging information,” continued Saint-Amans. “That will cost
something, but it is the price to pay to be free from suspicion of
complicity in fiscal fraud.”
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