The Authority (as it is ominously known) has powers unprecedented in the history of multilateral institutions for example, the power to levy what amount to international taxes, with the intention of transferring wealth from developed nations, like the United States, to the developing ones.

CENTERFORSECURITYPOLICY: President Bush tells base to ��get LOST��

And rather than giving more direct aid or broad taxing power to local governments, state legislators have been giving them the ability to levy the same sort of narrow taxes.

FORBES: Magazine Article