The new French presidency of the EU is making implementation of the recent OECD global tax deal a high priority for Emmanuel Macron. The 2021 deal allows for a global corporate minimum tax rate, the first time that such an agreement has been reached.

We have long told you that in the Bible, at the First Advent of Jesus Christ, Rome was in power and there was a global tax upon all the world. Rome is a type of the coming kingdom of Antichrist, and Daniel 11:20 (KJB) tells us that the Antichrist will be a “raiser of taxes”. This is why all the corrupt modern bible versions change the word “tax” in Luke 2 to say “census”, breaking the references so you won’t connect a global tax to Antichrist that precedes the Second Advent. If you have a bible that says census instead of tax, throw it out and get yourself a King James.

“And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed. (And this taxing was first made when Cyrenius was governor of Syria.) And all went to be taxed, every one into his own city. And Joseph also went up from Galilee, out of the city of Nazareth, into Judaea, unto the city of David, which is called Bethlehem; (because he was of the house and lineage of David:) To be taxed with Mary his espoused wife, being great with child. And so it was, that, while they were there, the days were accomplished that she should be delivered.” Luke 2:1-6 (KJB)

Over in Europe, it is a veritable beehive of end times activity. Our candidate for the biblical “man of sin” in 2 Thessalonians 2:3 (KJB), Emmanuel Macron, has started a 6-month window as the president of the EU as well as France, giving him unique power and influence. One of his main priorities is to push through the global digital tax we have written about for the past few years, and though he has some hurdles, it is highly likely it will go through. This global tax has been in the works for a few years now, but how fitting would it be for Emmanuel Macron to be the one to push it through?

Buckle up, people, for these are the days of prophecy!

The loopholes and low bar in Macron’s push for a global tax

FROM THE EU OBSERVER: As set out in a new report by Corporate Europe Observatory and Observatoire des Multinationales, president Emmanuel Macron is keen to deliver some ‘quick wins’ early in his EU presidency. Showcasing positive outcomes of France’s membership of the EU might help Macron in the run up to the French presidential elections in April, especially when facing the eurosceptic right wing at the polls.

The OECD deal will introduce a minimum tax rate of 15 percent on the profits of the biggest corporations. The deal was hailed by Macron as “historic” and a “real step forward for tax justice” and could deliver an annual boost to French public finances of up to €4bn. But 15 percent is far too low as a minimum corporate tax rate, given that it is barely higher than the current rate in notorious tax havens like Mauritius. Macron’s rhetoric does not match the reality of the deal and it will be vital that EU implementation enables member states to introduce a higher tax rate if they wish.

There are also numerous loopholes in the deal which will enable corporations to keep portions of their profits outside of the scope of the tax, so paying even less than 15 percent. Moreover, the revenue raised from the tax will largely go to countries where multinationals are headquartered, rather than where their profits were earned. This means that countries in the global south will barely benefit. For the poorest countries to earn more, a change in bilateral tax treaties will be required. Every member state should now agree such changes to their tax treaties with poorer countries to make the outcome fairer.

The EU Commission published its proposal for the EU implementation of the OECD deal in December; regrettably it was not more ambitious than the original, except on one important point. In contrast to the OECD deal, the commission’s proposal will apply the minimum tax to both foreign and domestic affiliates which is to be welcomed. Now the French presidency will need to steer the file through the council to finalise it: will Macron try to improve it or will he water it down for an electoral quick win? READ MORE

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