Cutting-edge OSINT on Terrorism and the Islamic Threat
Sunday, July 21, 2013
OECD and the G20 say contracts don’t matter
On Friday, the G20 adopted an action plan prepared by the OECD that fundamentally reforms how corporate taxation works on a global level. The rallying cries of course come from countries that are hemorrhaging capital as it flees bankrupt and repressive jurisdictions for those where it's treated best.
Of course, their biggest problems are large multinational companies and online businesses.
Looks like the gloves are off when it comes to making up rules on the fly and confiscating whatever is within reach. Pascal Saint-Amans, Director of the OECD's Centre for Tax Policy said:
"We clearly have reached the point where the governments don't care any more about taboos, and they just say we cannot be bound by pure contractual arrangements."
One of the top bureaucrats in the OECD, the "rich countries' club", is saying that contracts don't matter. It's all fair game. If we have to ignore or breach a treaty to get your money, we will.
Congress is about to pass Federal Agriculture Reform and Risk Management Act, meddling some more into the business of farmers, food production, and how we can and cannot grow and consume our food.
This monstrosity of a bill that ended up being 1,142 pages long includes all sorts of provisions that indicate how broken the food system in the US really is.
For example, it includes a section that requires regulatory agencies across the government to use "scientifically sound information" in moving forward with their regulatory initiatives.
The logical conclusion here is that regulators thus far haven't been using "scientifically sound information" when dishing out their decrees.