BOWING TO THE GLOBAL TAX BULLIES

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A meeting was held in Mexico City last week under the auspices of the Paris-based Organization for Economic Co-operation and Development (OECD), whose implicit goal is to create a global high-tax cartel.

In order to create a global tax cartel, the OECD needs to have tax information shared among nations -- which means that the citizen of any country that signs on to this scheme may have his or her tax information shared with other member jurisdictions.

• The OECD has managed to get 87 jurisdictions to sign on to its global "tax standard."
• The high-tax countries are using the OECD to threaten low-tax jurisdictions to sign this agreement.
• It is worth noting that the tax bullies at the OECD and at other international organizations, such as the United Nations, International Monetary Fund and World Bank, who demand that others pay higher taxes, enjoy tax-free personal income courtesy of the world's taxpayers.

The OECD is supporting the double taxation of capital and trying to quash those jurisdictions that do not levy multiple taxes on savings and investment, i.e., productive capital.

If the OECD ultimately gets its way, individuals and businesses trying to protect themselves from multiple taxation from thuggish and rapacious governments will have nowhere to go...

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FLASHBACK:

THE GLOBAL TAX REVOLUTION
Policymakers in international organizations such as the Organization for Economic Co-operation and Development (OECD), the European Commission and the United Nations (UN) want to create an OPEC for taxes to insulate governments from tax competition.
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