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Merkel Wants G20 Global Taxation of Internet

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Posted by Martin Armstrong - Armstrong Economics

on Thursday, 15 June 2017 07:51

Merkel-Explains

Markel is calling upon the G20 to regulate the internet. While she if pretending to be concerned about cyberattacks, which no regulator can prevent, you have to look into the finer details. Chancellor Angela Merkel called for a global regulation sayying: “Industry 4.0 will have to go through the process that we have already gone through at the World Trade Organization (WTO) with real trading operations that we have gone through in the G20 process with financial market regulation.” 

She noted that the “concerns” include “cyberattacks, the responsibility of social platforms to tax issues in international trade, and growing concern in the world Of policy. “

In other words, she wants to tax all sales on the internet. So anyone from Germany buying anything anywhere would have to pay VAT and every online merchant would have to comply with global regulation. Additionally, governments are increasingly becoming concerned about blockchain technology and the avoidance of taxes.

As always, government pretend to be concerned about security, but it is always about the money. She also wants to shut down anyone who talks against government in the social media.

....also from Martin:

Annual Growth Rates Have Dropped from 13% to 2% Since 1947 but Bill Gates Blames Robots?

First of all, robots are killing jobs because taxes and demand for benefits are going crazy. Health Care costs are consuming the net disposable income and government taxes, and the combination is conspiring to lower annual economic growth rates dramatically. Real GDP growth rates have been declining ever since World War II and the dawn of big government. These people just do not get it. They are the problem. GDP annual growth has declined from 13% down to 2%. Just where has big government helped?

....continie reading HERE


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