Demands for tax justice have resounded worldwide, with growing anger at the tax practices of corporations such as Google and Starbucks. Yet trade and investment agreements are already constraining the ability of governments to impose fair tax deals and with the Transatlantic Trade and Investment Partnership (TTIP) this could become worse.
RTL Z - Clausules in handelverdragen die buitenlandse bedrijven toegang geven tot een arbitragetribunaal vormen een serieuze bedreiging voor de democratie. Het handelsverdrag (TTIP) dat in de maak is tussen de Verenigde Staten en Europa moet afzien van zo’n bepaling, vindt de Canadese hoogleraar Gus Van Harten.
EU and US are currently negotiating a trade and investment agreement. How will this deal affect people from both regions and around the world? See reflections from EU and US activists who gathered to discuss about the impacts and possible solutions.
Cecilia Olivet, Pietje Vervest, Giorgina Garibotto et al.
01 February 2013
This beginners' guide provides a critical perspective on EU’s trade and investment policies and the business interests they serve. TNI worked on the guide with a Europe-wide network of trade activists, belonging to the Seattle to Brussels network.
The investor-state dispute settlement (ISDS) clause present in many trade treaties give investors far-reaching protection, curtailing governments’ ability to regulate for progressive agrarian and agricultural policies and reinforcing the notion of land as a commodity.
Cecilia Olivet, Natacha Cingotti, Pia Eberhardt, Nelly Grotefendt, Scott Sinclair
19 April 2016
The European Commission says that its new investment proposal –the Investment Court System - will protect governments' abilities to regulate on crucial matters such as public health and environmental protection. But analysis of five of the most controversial arbitration cases in recent years shows they could still be launched under the current proposal.
Public Finance International - A new trade agreement proposed between the United States and the European Union could allow corporations to effectively sue governments who try to collect tax on their profits, campaigners have warned.
Controversial rights for multinational corporations to sue states, likely to be included in the Transatlantic Trade and Investment Partnership (TTIP), are causing a political headache for EU and US negotiators, but may also set a precedent for future trade agreements, notably with China.
Investment protection and investor-state dispute settlement (ISDS) mechanisms are perhaps the most contentious aspects of TTIP and CETA. These mechanisms provide foreign investors with the right to sue the EU or its Member States in private tribunals over potential losses in profit due to current or new public welfare regulations.
Leaked TTIP documents show the EU is promoting unrestricted trade in fossil fuels and working to limit the implementation of clean energy policies, just months after the bloc proudly claimed to have “been at the forefront of international efforts towards a global climate deal”
In the 2012 report Profiting from Injustice, jointly published by Corporate Europe Observatory and the Transnational Institute, we boldly asserted that law firms, arbitrators and third-party funders have, over the past two decades, helped maintain an investor-biased arbitration system and have fuelled the rise in investor-state disputes.