Congress in threat to cut funding to OECD

[freedom_to_read]

From NYT

The US Congress is threatening to cut off funding for the Organisation for Economic Co-operation and Development unless the OECD ends efforts to promote fair international tax competition.

<snip>

The measure, which could deprive the Paris-based think-tank of its largest funding source, is part of a huge spending bill that Congress is trying to pass by this weekend ...

<snip>

House Republicans are also pushing to repeal a measure contained in the 2002 farm bill that would have required mandatory country-of-origin labelling on US food products beginning in 2006. Food processors and meatpackers, who argue it would be far too costly, have opposed the provision ...

<snip>

The OECD wrangle has been fuelled by anti-tax groups that say the organisation is wrongly attempting to penalise countries that lower their taxes to attract investment. Senator Judd Gregg, incoming chairman of the Senate budget committee, has added language to the spending bill that would halt OECD funding unless the organisation stops pressing tax-haven countries in the Caribbean and elsewhere to share information on companies that may be attempting to evade taxes.


http://www.nytimes.com/financialtimes/business/FT20041118_6538_49023.html?ex=1101877218&ei=1&en=6400cd3048025e37


Comment: THANKS Republicans, nice to see you're helping billionaires ship their assets offshore. :grr:

[billyoc]

1. Ah, good to see the GOP is contuing to fight the good fight

against fairness. :grr:

[xchrom]

2. must. protect. corporate. welfare.

[snippy]

3. What odious fucks. Very republican. n/t

[Dhalgren]

4. Tell me again who the troops in Iraq are fighting for...

[Straight Shooter]

5. Well, you're either for selfishness or you're against it.

Looks like the GOP is for it. But then, we knew that.

Spread the word, The privileged don't pay taxes.

[freedom_to_read]

6. If we start having FAIR TAXATION then terrorists have ALREADY WON

[Cobalt Violet]

7. Neuve moral values.

:grr:

[Ima]

8. What are they hideing?

"House Republicans are also pushing to repeal a measure contained in the 2002 farm bill that would have required mandatory country-of-origin labelling on US food products beginning in 2006. Food processors and meatpackers, who argue it would be far too costly, have opposed the provision ..."

They put labels on it anyway....What's so hard about putting the country? I'd like to know where the food comes from.

[Democat]

9. Will Democrats use this as an issue to attack Republicans?

Or will Democrats sign on with the Republicans like they usually do?

[Roland99]

10. Sure as hell hope Sen. Kerry makes a big stink about that!

That was one of his key issues during the campaign!