At a recent OECD meeting, high-tax nations (with the support of the Obama Administration) put in place a bureaucratic monstrosity that is likely to become a worldtaxorganization.
At its Global Tax Forum in Bermuda, which ends later today, the bureaucrats unveiled a new scheme that effectively would result in the creation of something akin to a WorldTaxOrganization.
The World Trade Organization has ruled that our tax export subsidies--known as Foreign Sales Corporation and Extraterritorial Income Exclusion provisions--are illegal.