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May 11 2021

United Nations Likes Global Minimum Tax

Biden’s people advocate for a global tax, so that victims of their confiscatory taxation policies cannot escape the country, the way people have been escaping hypertaxed Democrat-ruled states like California and New York. Unsurprisingly, our embryonic world government loves the idea. A high-level UN panel issued recommendations in February:

The High-Level Panel for International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI) said a 20% to 30% global corporate tax on profits would “help limit incentives against profit shifting, tax competition and a race to the bottom.”

If countries are not allowed to compete with each other on tax rates, these rates will only go higher and higher. When they reach 100%, utopia will have been achieved.

Globalism offers plenty of pain, and spreads it widely. Even globalist Big Tech companies may get their share:

One of the panel’s other recommendations includes a tax on digital services. France has already moved forward with such a tax, which would hit tech giants like Facebook and Google.

The concept of taxation imposed globally could put a crimp on techie plans to build their own city on a Mediterranean island so that they don’t have to deal with greedy and oppressive Big Government. Ironically, Big Tech plutocrats have been eager to impose excessive government on the rest of us through their aggressive support for the Democratic Party.

On tips from ABC of the ANC and Steve T.


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