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.
“Tax evasion is a global problem and requires a global solution,” said representatives from dozens of governments, including more than a few run by self-described socialists. “We therefore strongly support the development of the single global standard for automatic exchange of information between tax authorities.”Sounding suspiciously like a threat, the participating governments also claimed that only countries with rulers who submit to the draconian new regime will “prosper in the future.” In other words, join the global tax regime and violate the privacy rights of everyone in the jurisdiction, or suffer financial penalties. “We call on other countries and jurisdictions to commit to join this initiative at the earliest opportunity with the aim of rapidly creating a truly global system of automatic information exchange,” the governments continued in their joint statement.
Among the early participants in the scheme is the imploding socialist regime ruling Argentina — currently searching frantically for wealth to plunder as the economy it misrules collapses around it. Also onboard is the radical South African Communist Party-African National Congress regime, which has been implicated in genocide in South Africa by the world’s leading expert in the field. Not coincidentally, at a 2012 summit in South Africa hosted by the SACP-ANC government, the premier global totalitarian alliance known as Socialist International signed a declaration demanding global taxes, a planetary currency — and a global tax-information-sharing regime along the lines of what was outlined last week by the OECD.
“There is a pressing need to dismantle tax havens, close loopholes and create automatic tax record exchange systems,” claimed one of the resolutions adopted last year by the socialist outfit’s oftentimes brutal members, many of which are currently in power in ruthless autocracies around the world. “Only under the auspices of a new Global Financial Architecture can this take place, one that significantly increases transparency and strengthens enforcement of the regulations.”In fact, the OECD even boasts of its collaboration on the plot with tyrannical socialist regimes famous for human rights abuses and in some cases, even mass murder. “Working with partner countries (including Argentina, Brazil, China, India, the Russian Federation and South Africa), the OECD is advancing rapidly in the development of a common model for reporting and automatic exchange of certain account information held by financial institutions, including due diligence rules, reporting formats and secure transmission methods,” the outfit explained before releasing the actual plan on February 13.
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