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Global Taxes Are Back, Watch Your Wallet
Like a bad sequel to a rotten horror movie, the debate over global taxation once again is rearing its ugly head — courtesy of the United Nations. And, despite lacking the requisite hockey mask and chain saw, the seemingly countless proposals for the imposition of global taxes are truly terrifying.
In July, Inter Presse news service reported that a top U.N. official was preparing a new study that will outline numerous global tax proposals to be considered by the General Assembly at its September meeting. The proposals will likely include everything from global taxes on e-mails and Internet use to a global gas tax and levies on airline travel. If adopted, American taxpayers could wind up paying hundreds of billions of dollars each year to the United Nations.