Last Friday, 136 countries signed on to a minimum 15% global corporate tax agreement, which is expected to generate $150 billion in additional global tax revenues annually. As a top priority of the Biden administration, the agreement marks a point of progression. However, to middle America, the deal proves to be a point of regression towards a global system, leaving the values of American independence by the wayside. The international tax deal will require corporations earning a revenue over $866 million to be taxed at least 15% by the involved nations. The Organization for Economic Cooperation Development (OECD) says the tax will be implemented in participating countries by 2023. “This international agreement is proof that the rest of the world agrees that corporations can and should do more to ensure that we build back better,” Biden said in a statement. The concern to many lies in the rapid progression of a one-world taxation system that limits self-governance and overall independence economically and politically. SEE ALSO: The Real Scandal Behind the Facebook ‘Whistleblower’ Saga As governments grow over time, one thing remains constant: freedoms are never given back to the people but rather taken through a slow process. When it comes to a global system, it remains unclear how power structures and control will develop over time. All G20 nations are behind the corporate tax agreement as well as all OECD countries. The whole process is being justified by a supposed desire to adapt to a digitalized and globalized world economy. The future of the project relies heavily on the U.S. Congress passing the taxation through legislation. This is because many corporations that would be affected are based in the United States like Amazon and Google – both of which are in support of the negotiations. If this plan goes into effect, the United States could be subject to the whims and ideologies of foreign governments and politicians. Much like the European Union, we’d be giving up some of our national sovereignty for the sake of a one-world global order. SEE ALSO: Newsom’s Lawn Mower Ban Will Do Nothing but Hurt the Impoverished Americans want to know: Instead of creating a one-world tax system that would likely be developed in the future to extend further than just taxing massive corporations, couldn’t each country implement these tax rates on their own basis to keep a separation of governments? As we know from history, taxes are rarely repealed and usually increase, which means you and I can expect to see global tax rates coming at us in the near future as well. Politicians and global leaders are known for saying one thing when the cameras are out and then doing another thing behind closed doors. That’s why we must not put our trust in government institutions, especially foreign powers. We must remain vigilant here in the U.S. to keep foreign governments from imposing policies on us, as these policies would take away self-governance in a swift and disguised manner. Silence Dogood is an intern with the Convention of States Project, a project of Citizens for Self-Governance.
