from Simon Black at
(snip)"World governments agree to automatic information sharing
Over the weekend in yet another cushy five-star hotel, representatives from this unelected supranational bureaucracy announced plans for world governments to exchange all their citizens’ tax and financial data with one another.
The 34 members states of the OECD are enthusiastically supporting this measure. And it constitutes the end of whatever remains of financial privacy.
The premise behind the OECD’s destructive pipedream is, as usual, to stamp out ‘tax evasion’. But this is a misnomer to being with.
Just about every multinational company out there employs strategies to reduce their current tax liabilities that are perfectly legitimate based on existing tax laws.
This is why companies like Google and Apple famously earn billions in profits but pay almost no tax. They’re vilified. But it’s legal.
These companies have shareholders from all over the world. And their solemn responsibility is to maximize shareholder value… not maximize the amount of funds that politicians in a single jurisdiction get to blow on wars and welfare.
There are also isolated individuals who are sitting on undeclared income stashed away in an overseas bank somewhere. But the aggregate amount is tiny compared to the $60+ billion that Microsoft alone has stashed away overseas, untaxed.
You’d think they’d get at the root cause of the problem and try becoming more competitive… lowering tax rates and streamlining government operations (shocker!)
But no. Instead they resort to even more Draconian tactics to lord over private citizens’ financial records and unilaterally set aside long-standing international treaties.
It’s a pathetic display of exactly the sort of tactics that governments embrace when they go broke. And most of these OECD countries ARE broke– Italy, Japan, the US, Spain, Greece, etc.
So what we have now are a bunch of bankrupt member states who think that they are helping the other bankrupt member states raise revenue by terrorizing citizens"(snip)
Obviously, expat advocate Simon Black has some strong opinions. However, the news he brings is fairly serious.
For camgirls living in Eurozone / OECD countries ... as is already the case for the 'foreign' incomes of US citizen camgirls having payments from 'foreign' webcam hosts automatically reported to the US gov't / IRS ... it is now likely that future year payments from 'foreign' webcam hosts in Eurozone / OECD countries will similarly be reported to the tax agency in your own Eurozone / OECD home country !!!
It's also possible that the mechanisms being set up under this initiative will also result in the 'official' reporting of strip club payments too.
Current OECD member countries are ...
AUSTRALIA , AUSTRIA , BELGIUM, CANADA, CHILE, CZECH REPUBLIC, DENMARK, ESTONIA, FINLAND, FRANCE, GERMANY, GREECE, HUNGARY, ICELAND, IRELAND, ISRAEL, ITALY, JAPAN, KOREA, LUXEMBOURG, MEXICO, NETHERLANDS, NEW ZEALAND, NORWAY, POLAND, PORTUGAL, SLOVAK REPUBLIC, SLOVENIA, SPAIN, SWEDEN, SWITZERLAND, TURKEY, UNITED KINGDOM, UNITED STATES
Additionally, Brussels is bringing pressure to bear to include non-OECD member Eurozone countries into this information sharing agreement as well. This will bring additional countries like CYPRUS into the agreement.



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