Over the weekend in yet another cushy five-star hotel,
representatives from this unelected supranational bureaucracy announced
plans for world governments to exchange all their citizens’ tax and
financial data with one another.
The 34 members states of the OECD are enthusiastically supporting this measure. And it constitutes the end of whatever remains of financial privacy.
The premise behind the OECD’s destructive pipedream is, as usual, to
stamp out ‘tax evasion’. But this is a misnomer to being with.
Just about every multinational company out there employs strategies
to reduce their current tax liabilities that are perfectly legitimate
based on existing tax laws.
This is why companies like Google and Apple famously earn
billions in profits but pay almost no tax. They’re vilified. But it’s
These companies have shareholders from all over the world. And their
solemn responsibility is to maximize shareholder value… not maximize the
amount of funds that politicians in a single jurisdiction get to blow
on wars and welfare.
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