TTIP could block Governments from cracking down on tax avoidance, study warns
![TTIP has been controversial and attracted protests [Image: Getty].](http://voxpoliticalonline.com/wp-content/uploads/2016/02/160217stopTTIP-1024x768.jpg)
TTIP has been controversial and attracted protests [Image: Getty].
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.
Join the Vox Political Facebook page.
If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!
Vox Political needs your help!
If you want to support this site
(but don’t want to give your money to advertisers)
you can make a one-off donation here:
Buy Vox Political books so we can continue
fighting for the facts.
Health Warning: Government! is now available
in either print or eBook format here:
The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:
The TTIP also has spurious secret rules for “Intellectual property” a very clever scam for obfuscating fair trade.
If the little we have been made aware of. regarding the implications of TTIP, is any thing to go by, I can’t help but surmise there is some truth in the theory and possible implementation of The New World Order….
Sounds like the Corps will effectively rule the world let in by incompetent politicians and leaders to do what they like. What will be the point of having toothless governments and politicians that are ruled by Commercial Operations. When the likes of Monsanto and the Genetic Corps can already dictate in the US that products cannot be labelled as containing GM for consumers benefit that to me indicates thecorrupt powers they yield already.