Globalists Push For World Tax Regime

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The New American has the latest push by the globalists for a world wide tax regime. Apparently, Obama is on board with it, but technically would need Congress to sign off. But we all know it’s his year of action and he plans to do whatever he can without input from Congress, so stay tuned.

As various tax-funded international institutions explicitly outline plans to plunder humanity’s wealth to prop up governments drowning in odious debts, the Organization for Economic Cooperation and Development (OECD) last week officially unveiled a new socialist-backed plot to create a global tax information-sharing regime to ensure that nobody except the establishment escapes the upcoming fleecing. Under the proposed scheme, admittedly inspired by “FATCA,” the Obama administration’s latest addition to the sprawling U.S. tax regime, governments and dictatorships worldwide will automatically share all private financial data on citizens with each other to extract as much wealth as possible from the public.

Calling its scheme to put the final nail in the coffin for financial privacy “game changing,” the tax-funded OECD said it would require governments to collect massive amounts of sensitive personal information on individuals from banks and other financial institutions in their jurisdictions. Once gathered, the vast troves of private data would be automatically exchanged between all participating governments and dictatorships. “You collect the data, you put it in the pipe and it goes to the other party,” said OECD tax policy boss Pascal Saint-Amans, who pays no taxes on his bloated tax-funded salary.

Over 40 governments, which the Paris-based OECD misleadingly refers to as “countries,” have already committed to adopt the controversial scheme. In a “joint statement,” participating governments celebrated the plot, which they believe will help extract more revenue from the public.

Read the whole thing, then head over to Maggie’s Notebook where you will find out this is nothing new.

Update: Linked by Captain Capitalism – thanks!