

18% Of MEPs Back International Tax on Ultra-Rich To Fund Green Agenda
A taxation of 1.5% “from a heritage of 50 million euros” could help aid the West’s transition to carbon neutrality, according to the backers of a new campaign.
A taxation of 1.5% “from a heritage of 50 million euros” could help aid the West’s transition to carbon neutrality, according to the backers of a new campaign.
Let us call a spade a spade: ending the tax treaty with Hungary is an act of punishment by Washington. If a country refuses to play by their rules, the U.S. administration will exclude, sanction, banish, and publicly flog the incalcitrant nation.
Hungary is the last holdout among the 27 members of the European Union, thus blocking Brussels from implementing the tax-cartel minimum rate.
Once countries with costly governments have created a Berlin Wall around their high-tax jurisdictions, they will be free to collude on other taxes beyond the corporate income tax. Personal income taxes, wealth taxes, death taxes… there is no end to the imagination of a government that does not have to worry about tax competition.
How could an ‘innocent’ citizens’ initiative for democracy bring about powers of government that would pose any threat to our freedom? To answer this question, we first need to remember that freedom is not only lost to boots and bayonets. We can, actually, vote away our own freedom. By giving up our rights to government, small slices at a time, we can lose control over our lives just as definitively as if it happened through open oppression.
At the heart of Portugal’s budget deadlock are three policy goals: economic growth, a balanced budget, and more funding for the welfare state. The conflict between these three goals is not unique to the Costa budget, nor is it unique to Portugal. This is a Europe-wide volcano that happened to erupt in Portugal, and has led to an attention-grabbing political crisis.
Western governments are become more controlling, behaving like overbearing mothers rather than the aloof arbiters they are supposed to be. This is the nanny state at its worst, deciding its naughty citizens did not know what was good for them and, therefore, needed to be kept away from harm.
Angela Merkel did put in place a mechanism to strengthen German government finances. However, there was a price to be paid for this achievement, namely a slowly but steadily rising burden on German taxpayers.
A minimum corporate tax rate of 15% was agreed.