Wednesday, June 25, 2014

Labour Electioneering On Economic Fascism: State Running Private Firms.


Last week I wrote how in New Zealand everything is tax avoidance now, and everything is illegal, hence every citizen is corralled and controlled by an all-knowing command state, even if it doesn’t ‘feel’ that that way because our shuffle into a caring totalitarianism has been so slow. This is why liberty is dead in the West, and Western command economies are failing, our living standards first stagnating, and in those high taxed countries like France, plummeting, as business leaves or shuts its doors.
 

I’ve not got time to go into the next piece until a blog at least next week, but enough to say that when everything is tax avoidance, then that logically justifies IRD officials, the state, to control and manage the financial plans, by veto, of private firms – noting that when you own a firm’s financial plans, you own its operations. If elected, New Zealand Labour leader, David Cunliffe, will turn this into policy:
 

Labour has previously indicated it wants to front-foot the thorny issue of tax minimisation on New Zealand revenue by internet-based businesses, rather than relying on international efforts led by the OECD group of developed economies, which is the preferred approach of the National Government.
 

[Snip]
 

Today's plan hinges on setting up a special commissioner for tax avoidance who would focus on multinational corporations.
 

Under that commissioner, a new corporate tax unit would "embed" Inland Revenue Department (IRD) auditors in corporations which have a history of tax avoidance either in New Zealand or abroad.
 

The embedded IRD officials would review multinationals' financial plans where they may affect their tax bills to prevent tax avoidance from occurring in the first place.

 

Cunliffe probably thinks this a conciliatory move because it backs off from his Revenue spokesman's earlier threat to ban these multi-nationals operating in New Zealand in total. And I’ve already had one person on Twitter run the debate this is a fine idea, one they’ll obviously vote for.
 

I despair, and wonder how the hell, with twentieth century social, political and economic history to have learned from, we’ve got to this. For every reader who has not yet understood my point that the tax surveillance state is where the truncheon of the totalitarian state meets our backsides, understand this story.

 

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