Every new fact we learn about TTIP clarifies the dangers a little more and demonstrates that any gains it represents are to corporations, not human beings.
It simply isn’t worth it.
A controversial new trade deal between the EU and the United States could make it more difficult to fight tax avoidance, a new report has warned.
TTIP, the Transatlantic Trade and Investment Partnership, is expected to include provisions to allow multinational corporations to effectively “sue” governments for taking actions that might damage their business.
A new report by the Transnational Institute and Global Justice Now found that previous implementations of this rule in other trade agreements have been used to fight tax policies imposed by soverign countries.
The analysis, which looked at data and documents of hundreds past of “investor state dispute settlement” (ISDS) tribunal cases, found that 24 countries have already been sued for changing their tax policies.
Countries that have already had tax policies challenged by corporations include India, Romania, Mexico, Ecuador, and Uganda.
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