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WTO Demands Change in U.S. Tax Laws

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posted on Aug, 11 2003 @ 08:12 AM
This is just too sad, i guess we are all going to pay soon the globalization, NWO and so on....

Many Americans already have grave concerns about the loss of sovereignty inherent in our participation in global government organizations like the UN and the WTO (World Trade Organization). Few understand, however, the extent to which Congress already capitulates to the globalists when it writes the laws that affect all of us.

Last week, the WTO appellate panel ruled that U.S. tax rules exempting some corporate income earned overseas from taxation constitute an "illegal subsidy." Incredible as it seems to liberty-minded Americans, the WTO and the Europeans are now telling us our laws are illegal and must be changed. It's hard to imagine a more blatant example of a loss of U.S. sovereignty. Yet there is no outcry or indignation in Congress at this naked demand that we change our laws to satisfy the rest of the world. I've yet to see one national politician or media outlet even suggest the obvious, namely that our domestic laws are simply none of the world's business.

Whole article: (this is a short one)

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