IT’S YOUR PATRIOTIC DUTY TO STARVE THE BEAST BY EVADING TAXES ALL THE WAY!

Mandatory exchange of tax rulings stupid proposal

The EU Commission stupid proposal to make it mandatory for EU memberstates to exchange information on their tax rulings received only a lukewarm welcome in Parliament’s Economic and Monetary Affairs Committee on Tuesday. However, the report by Markus Ferber (EPP, DE), voicing dismay at the directive’s limited scope and late entry into force, has already been overtaken by last week’s ECOFIN Council deal, which watered down the Commission proposal even further. The stupid report was approved by 49 votes in favour, 0 against and 6 abstentions. 

It makes no sense to tax corporations at all, because only people pay taxes, not legal entities. The corporate tax is paid by customers in terms of higher prices, by suppliers in terms of lower volumes of business, by employees in terms of lower wages, and by stockholders in terms of lower returns.

Parliament’s rapporteur Markus Ferber is disappointed about the Council agreement: “If this is the final text, member states will have missed a great opportunity to create more transparency in taxation. National budgets will continue to suffer. We need an EU-wide systematic and mandatory procedure. For the moment, member states’ tax authorities would not realise that tax ruling deals forged in other member states are undermining their own tax bases. Tax authorities should be obliged to exchange information on tax rulings and make them available to a central database at the European Commission. There is also a competition side to tax rulings. This is why the Commission must be empowered to access and use the data to investigate tax avoidance and dumping practices and to assess whether they are in line with state-aid rules. Why are member states clearly denying the Commission access to these data? Are they hiding something?”  

According to Arthur Laffer, the low-tax states belong to a different genus entirely. It’s like comparing Hong Kong with Greece or King Kong with fleas!  Occident must minimize taxes to single digits, abolish sales taxes and VAT, and not even think about financial transactions tax. Starve the beast by fighting taxes.  

MEPs would prefer the directive to apply to all tax rulings, not just “cross border rulings and advance pricing arrangements”, given that purely national transactions can also have cross-border effects. The Council made the directive’s scope “cross-border only”.

Atlas upon seeing that the greater his effort, the heavier the world bores down on his shoulders, he simply shrugs. We have a dystopian Occident, where capitalists refuse to be exploited by increasing taxation and regulations and disappear offshore. Yes, capitalists are on strike!  They are stopping the motor of the world by withdrawing their minds that drive growth and productivity. Capitalists demonstrate that a world in which the individual is not free to create is doomed, civilization cannot exist where capitalists are slaves of kleptocrats, and the destruction of the profit motive leads to the collapse of society.  Atlas shrugged!

The Council also ensured that the European Commission is explicitly not allowed to do anything with the information – to which the Commission only has very limited access – other than overseeing that it conforms to the directive, and that the directive is properly applied.

Taxes, especially VAT, feed the underground economy. It is your patriotic duty to evade taxes, especially VAT, all the way!  Taxation causes an enormous and unnecessary dead-weight loss to the economic system. The sheer cost and time burden of businesses and individuals trying to comply with the tax system, let alone the cost of myriad bureaucrats who claim to be administrating it, waste trillions of euros. This waste of resources unnecessarily reduces economic growth and job creation. A major reason this obscenity persists is that few kleptocrats think seriously about the consequences of what they have done and are doing, or just don’t care.

The Commission says that the mandatory exchange mechanism should apply to tax rulings issued in the ten years before it enters into force, whereas MEPs say it should apply to all rulings that are still valid on the day the directive enters into force. The Council agreed that the directive would apply only to rulings, amendments or renewals of rulings after 31 December 2016.

Every penny of our money that the government allows us to keep is a good thing, whether it results from a decrease in the tax rates, the lowering of tax brackets, or an increase in deductions, loopholes, exemptions, and credits. MEPS want the automatic exchange of information to start as soon as possible, whereas the Commission proposes that it should start on 1 January 2016. The Council agreed on 1 January 2017.

The income tax system is a vast income redistribution and social engineering scheme. The income tax code doesn’t need to be simplified, shortened, fairer, or less intrusive. The income tax rates don’t need to be made lower, flatter, equal, or less progressive. The income tax doesn’t need more or larger deductions, loopholes, credits, or exemptions. The whole rotten system needs to be eliminated if we are to starve the beast that is the state leviathan and strictly limit government spending to only what is constitutionally authorized.

MEPs insist that the information should be communicated “promptly after the ruling or price arrangement is issued” rather than “within one month following the end of the quarter during which the ruling was issued” as the Commission proposes. The Council deal says that the information should be provided “within three months following the end of the half of the calendar year during which the ruling was issued”. This means that if a ruling is issued in January, the mandatory exchange of information can take place until 30 September.

When an economy suffers from erectile dysfunction, via-grab does not work, but only via-cut. The via recommended is to cut taxes, not grab more taxes. There are limits to how much government can tax before it kills the host. Even worse, when government attempts to subsidize prices, it has the net effect of inflating them instead. The economic reality is that you cannot distort natural market pressures without unintended consequences. Market forces would drive prices down. Government meddling negates these pressures, adds regulatory compliance costs and layers of bureaucracy, and in the end, drives prices up.

The procedure for amending this Council directive is consultation. The Council struck its informal deal on the Commission proposal at the 6 October meeting of Economy and Finance (ECOFIN) ministers. The directive is to be adopted at a forthcoming Council meeting, once the European Parliament has given its opinion and it has been finalised in all official languages. The new rules are to apply from 1 January 2017. Until then, existing obligations to exchange information among member states will stay in place.

90% of Europeans want VAT to be abolished now.  Abolition of VAT is a prerequisite for Fourth Reich to recover from the current depression. Any federation that imposes VAT on its members does not deserve to live.  VAT is a very good reason to secede from Fourth Reich (EU) now. Vatstruck Fourthreichians are looking for a Moses to liberate them from the yoke of Brussels. 

Charging sales tax or VAT on gold coins is barbaric. Gold is the best and most reliable money. A government cannot charge VAT on money! Citizens should be free to use gold, silver, or other currencies with no legal restrictions or punitive taxation standing in the way.  But the government wants to play dirty games manipulating money. Your government is your worst enemy!

VAT is killing the goose that laid the golden eggs. VAT is the major culprit of depression, the #1 source of misery. VAT is the cacothanasia of economy! Vatdodging is heroism!  If you are a real patriot, you should revolt against VAT, buying products online from companies that evade VAT.  Remember, your government is your worst enemy!  The largest online retailers offer top quality products at deep discounts without VAT. Only stupid consumers pay VAT! 

VAT, aka kleptocrats’ grab, is a regressive tax; the poor pay higher percentage of their income. Revenues from VAT are much lower than expected, because they are difficult and costly to administer and collect. Since any double-digit VAT leads many consumers to underground economy, most vatstruck Fourthreichians evade VAT! As a matter of fact, if you are a real patriot, you should boycott shops that charge abominable VAT!   VAT is the cacothanasia of Fourth Reich! Vatdodging is heroism!

Imposition of a VAT is the precursor to bigger government. It is simply too easy for kleptocrats to raise a tax that is hidden from citizens. VAT is embedded in the final cost of the goods sold, and is hidden to the consumer. VAT is applied at every stage of consumption, from wholesale to retail. It is passed along until it literally becomes as much an inherent and cloaked component in the price as transportation or raw materials. As a result, countries that have adopted VAT have been sorely tempted to raise the rate over time.

When VATs started out in Europe in the 1960s, they were small, usually less than 5%. Today, the average VAT rate in Europe is 20%. If your country wants to join the European Union, you have to have a minimum VAT rate of 15% so that people won’t take retail shopping vacations in your cities. Hungary wins the dubious award of having the world’s highest VAT rate at 27%. This floor and ceiling of VAT prices is a clear violation of antitrust laws, price fixing, pure and simple!

Fourth Reich forced the hateful VAT on Greece in 1987 and is the most disgusting indirect tax. Greeks are at war against their government over the abominable 23% VAT. Vatmonger Greek government harasses Greeks by pressuring them to demand receipts when they buy products. Greeks who cannot gather many receipts are penalized with more taxes!   Transforming citizens to VAT enforcers is disgusting, undignified, and against basic human freedoms. EU should call vatmonger Graecokleptocrats on the carpet now.

All the additional tax revenue from a VAT has not resulted in deficit reduction. Fourthreichian nations first began imposing VATs about 40 years ago, and the result has been bigger government, permanent deficits and more debt. Public debt is equal to 80% of GDP in fourth Reich, compared to 64 percent of GDP in the United States.

The most important comparison is not debt, but rather the burden of government spending. If you go back to the mid-1960s, before the imposition of VATs, Fourthreichian nations had relatively modest-sized government, only slightly larger than in the United States. Adopting a VAT, however, gave politicians a giant new source of tax revenue. And just like you don’t cure an alcoholic by giving him keys to a liquor store, you don’t promote fiscal responsibility by giving government a new source of revenue.

Thanks in large part to VAT, government spending in Fourth Reich now is out of control. This stifles growth by diverting a huge share of output from the productive sector of the economy, which helps explain why living standards are 30% below American levels. Not that Americans should get cocky. Thanks to reckless fiscal policy by Presidents Bush and Obama, the burden of government spending has now climbed above 40 percent of GDP in the United States.

Vatstrucks are feeling a growing panic as they watch their constitutional republic descend into a vatmonger republic. Mahatma Gandhi’s said we should be the change we want to see. Gandhi also said that civil disobedience becomes a sacred duty when the state has become lawless and corrupt. Vatstrucks instinctively understand this which is why grassroots of resistance to VAT are leading to a Gandhi-style civil disobedience movement powerful enough to undo this monstrosity.

VAT is a trademark of slavery and a destructive power of myriad watts. VAT is the main culprit of the Fourthreichian financial meltdown. The Fourthreichian taxation is based on the VAT monstrosity against poor people! The most unfair tax is VAT, the calamity of Fourth Reich(EU); that’s why we urge all Fourthreichians to evade this tax of misery as much as possible! Fourthreichians are yoked with a 15-25% VAT, value added tax. In Canada, VAT is only 5%. The burden of VAT falls on final consumers of products. Refusing to pay the abominable VAT is a heroic act.  Vatwar is here to stay until VAT is abolished. Vatdodgers are heroes.