The United Nations is at it again: finding new and “innovative” ways to create global taxes that would transfer hundreds of billions, and even trillions, of dollars from the rich nations of the world — especially the U.S. — to poorer ones, in line with U.N.-directed economic, social and environmental development.Needless to say, some countries already seem to be ahead of them...
These latest global tax proposals have received various forms of endorsement at U.N. meetings over the spring and summer, and will be entered into the record during the 67th U.N. General Assembly session, which began this week. The agenda for the entire session, lasting through December, is scheduled to be finalized on Friday.
How to convince developed countries wracked by economic recession and spiraling levels of government debt – especially the U.S. — is another issue, which the world organization may well end up trying to finesse.
As the U.N. itself notes, in a major report on the taxation topic titled, “In Search of New Development Finance” -- the main topic at a high-level international meeting of the U.N.’s Economic and Social Council (ECOSOC) this summer -- “These proposals are subject to political controversy. For instance, many countries are not willing to support international forms of taxation, as these are said to undermine national sovereignty.”
Friday, September 28, 2012
World Tax Police
Leave it to the United Nations to do this: