Tag Archives: New World Order

Western banking regulations could be ‘mutually destructive’: IMF

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“Western governments have put in place banking regulations that could be ‘mutually destructive’ and undermine efforts to prevent bust banks from costing taxpayers billions of pounds, according to a report by the International Monetary Fund.  Policymakers representing the world’s biggest financial centres have failed to make the banking sector stand on its own feet by ending implicit subsidies and co-ordinating rescue plans when multinational banks go bust, the Washington-based lender of last resort said.  Subsidies to the banking sector in some countries are as high as they were before the crash, amounting to $590bn (£355bn), with the eurozone the worst affected.”

http://www.theguardian.com/business/2014/mar/31/western-banking-regulations-costly-mutually-destructive-imf-report

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Ron Paul: Billion-Dollar Ukraine Aid Bill Is a Bad Deal For All

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Ron Paul

“If you think this is the last time US citizens will have their money sent to Ukraine, you should think again. This is only the beginning.  This $1 billion for Ukraine is a rip-off for the America taxpayer, but it is also a bad deal for Ukrainians. Not a single needy Ukrainian will see a penny of this money, as it will be used to bail out international banks who hold Ukrainian government debt. According to the terms of the International Monetary Fund (IMF)-designed plan for Ukraine, life is about to get much more difficult for average Ukrainians. The government will freeze some wage increases, significantly raise taxes and increase energy prices by a considerable margin.”

http://www.thedailybell.com/editorials/35164/Ron-Paul-Aid-to-Ukraine-Is-a-Bad-Deal-For-All/

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UN Condemns America on Human Rights Violations

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“How would you like to live in a country that tortures prisoners?  That reads its residents’ mail and monitors their phone conversations? That executes its own citizens without trial? That murders innocent people in foreign countries on a regular basis? Whose government manipulates courts and other legal processes to ensure that criminals are never held to account, while whistle blowers are punished severely?  If you’re an American, you already do.  Many Americans tend to adopt an attitude of ‘if you’ve got nothing to hide, you’ve got nothing to worry about,’ as if our government’s rights violations are directed only at bad apples. Nothing could be further from the truth.”

http://thesovereigninvestor.com/2014/04/02/un-condemns-america-human-rights-violations/

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China Mulling Implementing FATCA-Like Law To Reduce Tax Evasion

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“China is considering implementing rules on the lines of the Foreign Account Tax Compliance Act, or FATCA, which would make it difficult for wealthy people in China to stash away money in Hong Kong, which is a special administrative region of China and, signed an agreement on Tuesday with the U.S. to share tax information about Americans who work or own assets on the island. Since last September, G-20 summits have discussed measures to tackle tax evasion, and member nations, including China, have decided to exchange tax information automatically by 2015.”

http://www.ibtimes.com/china-mulling-implementing-fatca-law-reduce-tax-evasion-mainland-hong-kong-agreed-share-tax-1564261

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Cyprus abolishes maximum daily cash withdrawal limits

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“In a decree issued by the finance ministry, the 300 euro limit per person per day was scrapped, along with restrictions on breaking fixed-interest time deposits prior to maturity.  The decree also allowed, under conditions, individuals to open bank accounts in other credit institutions.  Restrictions remain on moving money abroad. Cypriot officials have previously said they anticipate that all controls could be fully lifted by the end of 2014.  Cyprus was forced to wind down a major bank and convert large deposits in a second to recapitalise it in order to qualify for aid from the International Monetary Fund and the European Commission.”

http://www.reuters.com/article/2014/03/28/cyprus-capital-controls-idUSL5N0MP3GP20140328

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Governments Worldwide Adopting FATCA Style Legislation

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“Russia’s Ministry of Finance (Minfin) published last week draft amendments to the nation’s Tax Code relating to the taxation of foreign companies controlled by tax residents of Russia. It is basically the Russian version of FATCA – an all-encompassing tax regime aiming to bring Revenue to the Russian government via legal corporate and investment entities outside of Russia. They even have a name for this new regime: ‘de-offshoring.’  China has also pledged to make international efforts to fight ‘tax base erosion and profit shifting’ by moving funds to low-tax jurisdictions.  This is all part of the G20’s pledge to combat the global practice of shifting funds to low-tax jurisdictions to evade taxes.”

http://dollarvigilante.com/blog/2014/3/24/governments-worldwide-adopting-fatca-style-legislation.html

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Europol: Police need powers to tackle virtual money laundering

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“The head of the European Union’s policing agency warned on Monday that virtual currencies such as Bitcoin were being used for money laundering and called for police to be given more powers to identify criminal suspects operating on the Internet.  ‘We’re seeing that virtual currencies are being used as an instrument to facilitate crime, particularly in regard to the laundering of illicit profits,’ said Europol head Rob Wainwright, speaking on the margins of a nuclear security conference in The Hague.  Wainwright said police should be given new powers to allow them to identify anonymous participants online and bring them to justice.”

http://www.reuters.com/article/2014/03/24/us-bitcoin-europol-money-laundering-idUSBREA2N1A420140324

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Luxembourg uses veto power to kill EU tax haven crackdown, for now

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“European Union finance ministers failed once again Tuesday to agree on a sweeping new policy to fight tax evasion because of resistance from Luxembourg, a tiny country that long has prospered from a secretive banking culture.  EU Taxation Commissioner Algirdas Semeta said their failure was disappointing because the legislation proposing an EU-wide automatic exchange of data on bank deposits would allow governments to ‘identify and chase up tax evaders.’  Luxembourg, a duchy of barely 500,000 people, was able to shelve the legislation for the 28-nation bloc and its 500 million citizens because the decision required unanimous approval at Tuesday’s meeting in Brussels.”

http://www.cbc.ca/news/business/luxembourg-kills-eu-tax-haven-crackdown-1.2569871

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World Health Organization: Daily sugar intake ‘should be halved’

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“People will be advised to halve the amount of sugar in their diet, under new World Health Organization guidance.  The recommended sugar intake will stay at below 10% of total calorie intake a day, with 5% the target, says the WHO.  The suggested limits apply to all sugars added to food, as well as sugar naturally present in honey, syrups, fruit juices and fruit concentrates.  UK campaigners say it is a ‘tragedy’ that the WHO has taken 10 years to think about changing its advice.  The recommendation that sugar should account for no more than 10% of the calories in the diet, was passed in 2002.  It works out at about 50g a day for an adult of normal weight, said the WHO.”

http://www.bbc.com/news/health-26449497

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Pensions in Ukraine to be halved: sequestration draft

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“The self-proclaimed government in Kiev is reportedly planning to cut pensions by 50 percent as part of unprecedented austerity measures to save Ukraine from default. With an ’empty treasury’, reduction of payments might take place in March.  Ukraine’s new prime minister, Arseny Yatsenyuk, promised the government would do its best to avoid a default, adding that he expects an EU/IMF economic stabilization package soon.  The European Commission offered Ukraine an 11 billion euro loan if Kiev agrees a deal with the IMF. Accepting IMF money will mean many sacrifices for Ukraine’s economy, [such as] increased gas bills, frozen government salaries, and all around budget cuts.”

http://rt.com/news/ukraine-austerity-pensions-halved-174/

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