Your browser does not support the HTML5 canvas tag.

17 February, 2016

European groups expose ‘Terrifying Extent Of Corporate Grab’ within TTIP

Even with global inequality at historic highs and corporate tax evasion in the public spotlight, a new report out Monday shows how a so-called free trade deal between the U.S. and European Union could further threaten tax justice, hampering governments’ ability to ensure that critical public services are well funded or to pursue progressive tax practices.

According to the London-based Global Justice Now and the Netherlands-headquartered Transnational Institute, the TransAtlantic Trade and Investment Partnership (TTIP) “would massively increase the ability of corporations to sue member states of the EU over measures such as windfall taxes on exceptional profits, or use of taxation as a policy instrument such as a possible ‘sugar tax’.

Despite the enormous public outcry over companies like Google and Amazon paying ridiculously small amounts of tax in the UK, the government is trying to sign us up to a trade deal that could effectively prevent us from bringing about laws that could address tax injustice,” said Global Justice Now executive director Nick Dearden on Monday.

More:


Report:

No comments:

Post a Comment