Tax

Withdrawing from Paris Agreement helps the poor

Whatever we feel about Trump, I heartily agree with him keeping his election promise in pulling the US out of that Paris Climate rort, and wish my country would do the same.  Why?  This rotten deal is nothing but U.N. wealth redistribution. 

NZ is a small nation of 4 million people, yet we are going to spend 1.4 billion dollars  per year on this rort  Enron type agreement.  It’s money we don’t have!  I know because last year the government talked about borrowing a billion to build badly needed housing.

People in NZ ask, to who our wealth would be going?  It seems the United Nations Green Climate Fund.  Who is in that?

Do you think the third world governments, dictators and crony capitalists like Al Gore really give a stuff about the environment?

One of the projects was a dam in Nepal, where they want to generate electricity for export to energy-hungry India.  Nepal and China-based Zhejiang Hydropower Construction and Installation Co will get the money, and India will get the power – at the cost of the environment and other nations.

Ironically, green groups are against the dams.  Well, they shouldn’t have supported the climate hysteria which is enabling this wealth heist.
Green groups condemn UN plan to use $136m from climate fund for large dams
Here’s why we should demand that our governments get out of this deal,

  1. The Paris agreement raises energy prices
  2. Regulations promulgated under the aegis of the Paris Agreement increase prices and harm the economy.
  3. The Paris Agreement redistributes wealth from taxpayers to international corporations and less developed nations.

This blog article puts the case very concisely.
Care About The Poor? Why Withdrawing From Paris Agreement Helps Those Most Vulnerable
I’d love to hear your thoughts on this, for and against.

Elderly-man-who-can-only-afford-to-heat-himself-with-one-bar-of-the-electric-fire-UK

Elderly man who can only afford to heat himself with one bar of the heater, UK. Will the leaders who went to Paris be living like that?

trumptweet

New Zealand to spend $14 billion to meet Paris Agreement targets


 

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The anatomy of the beast

Islamic 666We’re seeing the emergence of the beast, written about 2,000 years ago by the apostle John and recorded in
the Book of Revelation.  Even if we don’t know who it is, we can know what it is. It’s number, 666 is taking various forms.  Let me show you.

We’ll start with what John the apostle saw.  He wrote 666 like this →

The early greek characters look a lot like the arabic characters for “Bismillah,” meaning “in the name of Allah.”  Jihadists wear it in a headband around their foreheads.  In the Bible (Revelation 13:1) the beast is associated with “names of blasphemy.”

The number of the beast is associated with the number of a man, or the number of man plural; This calls for wisdom. Let the person who has insight calculate the number of the beast, for it is the number of a man. That number is 666.” Revelation 13:18.

It’s going to be forced on people; It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name.”  Revelation 13:16-17.

Muslims may well be the enforcers, because the apostle John saw the souls of people who had been beheaded for not taking the mark or worshiping the beast in Heaven; “And I saw the souls of those who had been beheaded because of their testimony about Jesus and because of the word of God. They had not worshiped the beast or its image and had not received its mark on their foreheads or their hands.”  Revelation 20:4.

In science and technology it will be connected to some kind of artificially intelligent system run by Technocrats.

The “New World Order” will be based on Technocracy, a replacement economic system for capitalism and free enterprise, designed by a group of prominent scientists and engineers.

The scientists want to achieve a “balanced load” between the human population and nature.  This system will be based on energy instead of supply and demand and price based economics.  Instead of money which you can save, you’ll have “energy credits” which will expire.

The new economic model will be based on carbon, and their goal right now is wealth transfer, from the wealthy nations to the poor.


666, the number of Carbon

We’re all being told carbon is a pollutant, and conditioned to pay for our “carbon footprint.”  But did you know that the atomic number of carbon is six protons, six neutrons, and six electrons?  We are carbon based life forms.  Carbon is the number of man. Carbon is not a pollutant.

666, the number used to buy and sell

The dividing lines on our bar codes are also three sixes.  The country and manufacturer are on the left, and the product code is on the right.  The sixes are at each end and in the middle.

chip_in_hand

666, the number of tax

There will be some sort of global tax, no doubt based on carbon.  In the bible, the number 666 is associated with tax – King Solomon’s tax in 2 Chronicles 9:13 and 1 Kings 10:14.

Carbon-Dioxide-1024x299


Technocracy

The Technocrats are hard at work transforming the current economic system.

UN’s Top Climate Official: Goal Is To ‘Intentionally Transform the Economic Development Model’

History is littered with despots who’ve slaughtered millions in their quest for Utopia – in the last century we’ve had the Marxists who created the Soviet Union, the National Socialists who created the Nazi party, the Maoists who launched the Great Leap Forward, and the Khmer Rouge who laid waste to Cambodia in the killing fields. All of these bloodthirsty, murderous regimes (and others) led to the brutal, violent and pointless deaths of over 100 million people around the world.

Now the scientists are going to have a go at bringing in their own version of Utopia.  It’s depressingly familiar.  It’s just another governing system seeking power and control over the individual, rather than freedom and liberty.

The planners of this system have been quietly taking the power away from us.  They will need to destroy Christianity and the societies that have been built on this.  We’ve had two world wars, communism, atheism, fascism, racism, socialism, humanism, evolution, and multiculturalism used against us. Now they will knock over what remains with Islam and unchecked immigration.

What will be different this time though is their iron grip of control through technology.  We’ll have trans-humanism, artificial intelligence, drones, genetic engineering, RFID, so-called “Smart Technologies” and the “Internet of Things.”  The world had all of this before the flood of Noah.

The good news is this has all been foretold and it won’t last – but forewarned is forearmed.  We will need to make a choice between which religious system to adopt – whether we’re religious or not.  Only one religion is true.

Jesus said about his second coming; “As it was in the days of Noah, so it will be at the coming of the Son of Man.”  Matthew 24:37.

He warned us to Therefore keep watch, because you do not know on what day your Lord will come.”  Matthew 24:42

NZ in Panama paper leak 60,000 times

key-panama-lieHere’s a story of greed and hypocrisy.  This is what happens when a country elects a banker as prime minister. 

New Zealand is one of the highest taxed nations when it comes to income tax, and we also pay 15% GST on everything we buy.  Even children have to pay tax after the government cut children’s tax credits in 2012.

There’s no privacy protection for us when it comes to the government or IRD.

Also, under the US FACTA law (Foreign Account Tax Compliance Act), any NZ citizen unlucky enough to be born in the US will be reported on by the NZ government to the IRS if they try to open a bank account, or file a company return.

So that’s what happens to individuals.

But if foreign investors park their money here, no questions are asked and no tax is paid.

Our prime minister John Key got the law changed for this in 2011 when he wanted to turn NZ into a “financial hub” – like Ireland.  When he was head of Merrill Lynch’s derivatives and global foreign exchange business in London, he shifted a lot of the bank’s business to Dublin.

The result was Ireland’s financial crisis, where the clever use of tax-haven rules and a huge credit boom permitted real estate prices and construction to grow quickly before declining ever more rapidly.

Even though John Key was fully cognisant of Ireland’s collapsed banking system and financial hub collapse, he was cock-a-hoop about doing the same thing to New Zealand.

Glib, smooth and dismissive, in December 2010 Key rubbished objections to his plans and directly specified a 0% tax rate, telling the Minister of Economic Development Gerry Brownlee to deliver him a paper that had zero rating of funds.

In February 2011 Gerry Brownlee (Minister for Economic Development) delivered what he wanted, and in May 2011 the international financial “advisors” started drooling.

The law change in September 2011 to 0% tax  for foreign investors made NZ a tax haven.


When a 60 minutes report came out in 2012 about wealthy foreigners dodging tax, Peter Dunne (government lapdog minister) and John Key described it as “legitimate tax avoidance.”  Under the law John Key said that tax evasion is illegal, but tax avoidance is not.

But this is what the IRD department says to the NZ tax payer about tax avoidance:  What’s wrong with tax avoidance

Nothing got done about this issue.

Now in 2016 the birds are coming home to roost.  We have NZ trusts at the centre of Malta money scandal, and NZ is mentioned in the Panama paper leak 60,000 times.

What else are we going to find?

Prime Minister John Key’s register of interests has revealed he has a short-term deposit in a company specialising in New Zealand foreign trusts.  Source: Edwin Mitson, Business Desk, Yahoo! Finance.

He has refused to disclose his tax details.

When Key was asked if it was right that trustees did not have to tell the IRD who was behind the trust, what assets it had, its income, its beneficiaries, the residence of its settlor nor the nature of its assets, Key deflected reporters by saying they should “ask the IRD.”  Even though he was the one who demanded the tax shelter for foreign investors in 2011.

Iceland’s prime minister resigned last week after being the first major casualty of the Panama Papers leaks which revealed how the super-rich manage their money.

Will there be calls for John Key to resign if we find his hand in the cookie jar?  Unlikely.  He previously promised to resign if it was proven that the GCSB carries out mass surveillance of New Zealanders. When the Snowden revelations did indeed show that in 2015, nothing happened.


Links:

2010 Key itching for quick action on financial hub

2011 Key changed the law to extend NZ as a tax haven

New Zealand now an attractive tax location for offshore managed funds

2016 Panama papers: NZ trusts at the centre of Malta money scandal, Mossack Fonseca papers show

Panama papers: Mossack Fonseca ‘bragged about lax New Zealand tax rules’

Calls mount for tighter rules on foreign trusts as Key denies NZ a ‘tax haven’

Quote: “Whilst the PM has been shaking hands with devious financial operators around the world and promoting our tax system, and doing little to ensure its integrity, we are now known as one of the world’s ‘quiet tax havens’ as the leaked documents reveal.”

He said Key and his colleagues were doing nothing for NZ’s international reputation, with more than 12,000 trusts set up here that pay no tax on their overseas’ earnings.

Tax toll on NZ

The gratuitous U.S. government grab for non-U.S. assets, and that’s a FACTA

FACTA cartoonI believe our birth right in the West is to be free. The money we earn and our personal information should be our own.  The place where I’ve found that our government thinks otherwise is at the bank.

I first noticed the erosion of our rights in the early 1990’s, when the NZ government wanted to link our IRD (tax) number with our bank accounts.  It was optional, but if you didn’t give the bank your IRD number, any interest earned on your bank account would be taxed at 33%.  When I told the bank teller that they couldn’t have my IRD number the teller said “It’s coming you know.  You can’t fight it.”  I replied, “Well if everyone in the country has this attitude, you will be right!”

She was right.  Within a year, our government, wholeheartedly following it’s money master’s neo-liberal economic doctrine, sold that NZ owned Post Bank to a foreign bank.  The bank in the shopping centre soon disappeared, along with her job, and bank fees averaging $28 per month were introduced.  The government also upgraded our tax legislation – granting the IRD scary powers, exempting it from our privacy laws.

So that was back then.  Today the IRD can just reach into our private bank accounts and take our money if we don’t pay.  I discovered that last year on one of their forms.

FACTA

FACTA Bank cartoonAnyway, fast forward from the early 1990’s to late 2014, when I was at the bank filling out a deposit slip; and I overheard a man opening a bank account at a nearby desk being asked if he was an American citizen.  Then I heard the bank staff member explain they have to ask the question because of “FACTA”, a new law.

That got my attention.  I am married to a man who is an American, even though he left the US as a child. When I got back to the office I told him about this new banking law.  When we looked up FACTA, we were horrified.

The US government regards anyone who has been born in the states as a taxable resource.  Citizenship Based Taxation, FATCA, is designed to serve as a capital control; Human Capital.  The US, along with Eritrea, does Citizenship Based Taxation.  Eritrea was recently condemned by the UN (Resolution 2023) for doing it.

Take the case of London’s Mayor, Boris Johnson.  He was born in the USA but returned to England with his parents at the age of 5.  The U.S. government forced him to pay the capital gains tax on the sale of his Islington home.  He has never lived in America, but that means nothing to the IRS. They are hunting everyone everywhere.

I was thinking through the ramifications of FACTA for us;
What happens when we want to save for our retirement?
What happens if we want to open a new bank account?
What happens if we sold my house that I bought and freeholded before I met my husband?  Would the IRS be alerted if the money went into our joint bank account?
What happens to my information?  I am a non-US citizen, and my personal data would be sent to the US with no privacy protections.
It doesn’t matter that we already pay taxes in NZ.  The only way around all of this is for our accounts to be separated.

The form that US tax subjects have to fill out is a FBAR form.  If you get any information wrong on the form the IRS can substitute penalties for taxes. I’m sure you get the drift.

We decided that if asked about my husband’s citizenship we’ll answer truthfully that he is a NZ citizen and let his US passport rot in a drawer.

If the letter from the US government does come, my husband said he would renounce his US citizenship.  I told him he would be better to “relinquish” it, in case he ever wants to visit the US.

noo_zealandWe were appalled at the privacy invasion.  New Zealand has agreed to hand over our bank account details to a foreign country!  Our privacy laws are useless, they haven’t been overhauled in years, and IRD with its massive powers abrogates them.  This signifies the unacceptable encroachment of the government into the lives of every citizen – both here and in the US.

More about this here:

A New Zealand government didn’t want the political fallout which would come from breaching our privacy legislation, so they used IRD, being immorally above that privacy legislation, as a backdoor for US to spy on its own citizens.  If they did this once, why won’t a future government find it convenient to use the Teflon IRD on other issues that might be a bit embarrassing politically? Answer: there’s nothing stopping any government doing this. It’s the premise of this blog that IRD and its huge powers, is where the rubber meets the road to our total serfdom. All the Left protesting against GCSB, NSA and PRISM, what’s the difference, again, please?
http://lifebehindtheirondrape.blogspot.co.nz/2014/04/fatca-nz-officials-report-crime-that.html


Just to add insult to injury – the cost of enforcing US tax laws should be borne by the USA and FATCA, but the cost has been passed on to our spineless NZ government.

FATCA_Uncle_SamThe US government treats its citizens like a bankrupt bully with a gambling addiction.  It’s got it’s children, and their children’s children into debt; and now it’s raiding their piggy banks.  This is what it looks like when the financial elite get control.  My advice is protect your wealth and your assets from them.


There are more links to articles about FACTA here:

http://www.businessinsider.com/some-americans-abroad-are-renouncing-their-citizenship-to-avoid-the-irs-2015-3

http://lifebehindtheirondrape.blogspot.co.nz/2014/04/fatca-nz-officials-report-crime-that.html

http://www.interest.co.nz/news/55283/government-not-necessarily-position-influence-us-fatca-revenue-minister-peter-dunne-says

http://armstrongeconomics.com/2014/12/01/usa-is-it-time-to-turn-off-the-lights/
http://www.radionz.co.nz/news/national/242396/new-bank-law-raises-privacy-fears
http://jamaica-gleaner.com/gleaner/20131002/news/news4.html
http://www.economist.com/news/leaders/21605907-americas-new-law-tax-compliance-heavy-handed-inequitable-and-hypocritical-fatcas-flaws/comments?page=3