S. 3276: UNtaxed Act

This bill, known as the UNtaxed Act, has several main provisions aimed at limiting the ability of international organizations, specifically the United Nations (UN), to impose taxes and related fees on U.S. citizens and entities. Here’s a breakdown of what the bill would do:

1. Restrictions on UN Imposed Taxes

The bill prohibits any tax, tariff, fee, or penalty from being levied on U.S. individuals or businesses by the UN or any of its associated bodies, unless such measures are authorized by a treaty that has received approval from the U.S. Senate.

2. Limitation on U.S. Contributions

It restricts the appropriation of funds from the U.S. government that could be used to support a global carbon tax imposed by the UN or its agencies. This includes:

• Preventing any assessed or voluntary contributions to the UN or its affiliates intended for implementing or enforcing a global carbon tax.
• Withholding funds that could facilitate the enforcement of such a tax.

3. Definition of a Global Carbon Tax

The bill defines a "global carbon tax" as a tax imposed under an international framework that seeks to limit greenhouse gas emissions from vessels. Specifically, these taxes would require ship operators to reduce emissions and would levy charges based on the amount of greenhouse gas emitted.

4. Definition of a U.S. Entity

It also defines a "United States entity" as any organization that is formed under U.S. law or within its jurisdictions.In summary, the UNtaxed Act aims to assert limitations on international taxation authority over U.S. citizens and organizations, particularly focusing on global carbon taxes that may be proposed under international agreements.

Relevant Companies

None found.