Panama Papers and TTIP

The Panama Papers scandal is all over the news. The leaked documents show how big corporations are getting away with hiding their wealth and dodging taxes in offshore accounts. [2]

But tax havens and loopholes are not the only tools the rich and powerful can use to avoid paying their fair share. Research has shown that multinational companies and their teams of lawyers are using ‘corporate courts’ to sue governments trying to collect taxes from them.

This could get much worse very soon. Under trade deals like the Transnational Trade and Investment Partnership (TTIP) multinational corporations could be allowed sue governments if they see their profits threatened. If the deal is agreed, companies could use the so called Investor State Dispute Settlement mechanism (ISDS) to stop governments finding new ways of taxing them.

Please tell the government to stand up to tax-avoiding companies and stop TTIP.

TTIP negotiations have been going on in secrecy between the EU and the USA since 2013 and the next round of meetings will be held at the end of this month. We need your help to keep up the pressure and stop this corporate takeover.

Over three million people have signed a petition against the deal and the French government has declared that any deal containing ISDS is unacceptable.

Act now to say no to TTIP and stop undemocratic ‘corporate courts’.

 

Global Justice Now

Sources:

[1] http://www.independent.co.uk/news/world/europe/iceland-prime-minister-sigmundur-dav-o-gunnlaugsson-quits-over-panama-papers-tax-haven-scandal-a6969911.html

[2] http://www.theguardian.com/news/2016/apr/03/what-you-need-to-know-about-the-panama-papers

 

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