The Pope Want to Mess With Your 401K

Discussion in 'Politics' started by Ps104_33, Sep 1, 2007.

  1. Ps104_33

    Ps104_33
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    From an article by Walter Williams:



    Times Online recently reported that, according to Vatican sources, Pope Benedict XVI is working on his second encyclical, a doctrinal pronouncement that will condemn tax evasion as "socially unjust." (See www.timesonline.co.uk/tol/comment/faith/article2237625.ece.) The pontiff will denounce the use of tax havens and offshore banking by wealthy individuals because it reduces tax revenues for the benefit of society as a whole.
    Pope Benedict could benefit from a bit of schooling. Tax avoidance is legal conduct whereby individuals arrange their affairs so as to reduce the amount of income that is taxable. Tax avoidance can run the gamut of legal acts, such as investing in tax-free bonds, having employer-paid health plans, making charitable gifts, quitting a job and banking in another country. Tax evasion refers to the conduct by individuals to reduce their tax obligation by illegal means. Tax evasion consists of illegal acts such as falsely claiming dependents, income underreporting and padding expenses.
    Pope Benedict's second encyclical puts him squarely in company with a group of thugs known as the Organization for Economic Cooperation & Development (OECD), an international bureaucracy headquartered in Paris and comprised of 30 industrial nations, mostly in Western Europe, the Pacific Rim and North America. One of its reports concluded that low-tax nations are bad for the world economy and identified 35 jurisdictions that are guilty of "harmful tax competition"..........

    http://capmag.com/article.asp?ID=5010
     
  2. hillclimber1

    hillclimber1
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    It may be another cog in the wheel driving the "New World Order", where much global tax revenue is needed for funding. Probably starting with the UN.
     
  3. Eliyahu

    Eliyahu
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    Vatican is stepping up in interferrering with international politics.
    How much Catholic organizations are paying the taxes? In Canada all Catholic schools are free, funded by Government taxes.
    No other religions can have such schools funded by Public taxes.
    RCC has huge assets which pay no taxes.
    Lots of hypocrisy are played in the words of the future Anti-Christ.
     

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