July 5, 2021: Send in the Marines! To the Cayman Islands!

 

7/5/21: The Biden administration continues work on a major agreement with other nations. Mr. Biden does not resort to insulting allies, nor does he suck up to bloodthirsty dictators, as did the leader of the previous administration.

 

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Make multinational corporations pay a minimum tax of 15%.

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So far, 130 countries have signed on to a plan to stick it to the multinational corporations, and make them pay a minimum tax of 15%, wherever they happen to have been hiding their profits. Only nine countries involved in the talks have held out, including Ireland, Hungary, and Estonia. Those three members of the European Union have helped screw other members by offering lower corporate tax rates to attract more corporations to plunk down in their countries. 

And pay minimal taxes. 

According to Reuters, “German Finance Minister Olaf Scholz told reporters after a meeting with U.S. Treasury Secretary Janet Yellen that he expected rapid implementation of the global tax deal by the EU despite the refusal of several members to sign the deal.”

 

In the meantime, this liberal blogger is calling for a series of dramatic steps to crack down on the tax cheaters. 

First: The British Navy blockades the Isle of Man, home to trillions of dollars of tax-sheltered loot. Food shipments to bankers are cut off until they surrender. 

Second: European Union forces mass along the border with Lichtenstein. Offer an ultimatum. Surrender your tax records or we invade your crappy little 62-square mile tax-haven/country. 

Third: President Biden sends in the Marines. We conquer the Cayman Islands (home to 65,000 people, headquarters (for tax-evading purposes) to a nice round 100,000 corporations.

 

Fourth: U.S. marshals go in on Tuesday and slap the cuffs on all the top executives working at the Trump Organization. 

After all, if you are going to choke to death Eric Garner for selling untaxed single cigarettes, you should be tough on guys like Trump Organization CFO Allen Weisselberg, now indicted for his role in what prosecutors have called “a sweeping and audacious illegal payments scheme.” Allegedly, Mr. Weisselberg managed to evade taxes by local, state and federal governments on an estimated $1.7 million in perks that should have been counted as income. 

And that’s by no means the last shot of the investigation into the Trump Organization’s operations. 

That’s the first shot, and a warning to others.