Chicago Indymedia :
Chicago Indymedia

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Global Taxing Authority proposal

Ultimately, the U.N. wants to create a new Economic Security Council (with no veto or permanent members), which will oversee a new administrative department within the United Nations, into which will be consolidated all international financial and development institutions, along with a new Global Taxing Authority. The U.N. expects to impose the Tobin Tax (tax on currency exchange), a tax on fossil fuels and about 20 additional taxes.



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