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.
The rise of Raghuram Rajan and Agustin Carstens to top positions in powerful financial institutions reflects how the "Davos class" is incorporating people from every corner of earth into its neoliberal project.
This infographic illustrates some dimensions about why we believe the World Economic Forum is fundamentally about increasing corporate profits and rewarding political elites rather than “improving the state of the world.” It is an undemocratic, unaccountable and illegitimate institution that, far from improving the world, has over decades reinforced the global crisis of inequality, poverty, and environmental destruction.
518 organizations from MATA Myanmar Alliance on Transparency and Accountability and 53 organizations from Lands in Our Hand network and various other civil society organizations express their concerns about investment protection in the EU-Myanmar Agreement.
Malta Today - The transatlantic trade and investement partnership (TTIP) between the European Union and the United States aims to increase economic growth and job on both sides of the Atlantic. However, critics say the TTIP agreements threaten public services.
The Transatlantic Trade and Investment Partnership (TTIP) is a proposed free trade agreement, in negotiation, between the United States and the European Union. Its proponents claim that the agreement will benefit consumers with lower prices, increased competition and more jobs.
However, very little of the TTIP deals with trade; the vast majority of the agreement relates to government regulations and will therefore have huge implications in matters such as food sovereignty, digital rights and the environment. It will limit the capacity of governments and local groups to regulate and increase the capacity of transnational corporations to act with impunity. TNI’s focus for TTIP and other free trade agreements is on the investment chapter, and particularly the problems caused by Investor-State Dispute Settlement (ISDS) mechanisms that allow corporations to sue governments for actions that affect their profits.
Investment protection mechanisms give corporations the right to sue states if they take any measures – including public interest legislation – that might threaten profits. Wellknown versions of this is the Investor state-dispute mechanism (ISDS) which after rising controversy and critisism has been replaced by the Investment court system (ICS). Investment protection mechanisms are included in most new FTAs. Nevertheless, several governments are starting to reconsider their commitments to it as they recognize the danger that it poses to their sovereignty. TNI has produced extensive research highlighting how investment protection gives corporations far-reaching rights that curtail governments’ sovereignty and drain limited public budgets. It has also revealed the big stakes the legal industry has in these mechanisms.
To inspire us for action in 2016, TNI picked 12 significant victories of social movements in 2015 that show that, despite the immense challenges we face in a world of unprecedented concentration of corporate, financial and military power, people power works.
John Hilary, Diana Aguiar and Brid Brennan discuss how we need to move beyond reformist politics in a convergence of citizens, organised citizens, organisations social movements, trade unionists, peasants, women organisations, and indigenous peoples to reclaim sovereignty over the resources of the planet.
Climate change action demands moving to an energy system based on renewables and leaving fossil fuels in the ground. International investment agreements, and particularly ISDS, stand in the way of energy transition. They limit the ability of governments to set the terms of their energy policy, including the support of renewable energy. Investment agreements such as the Transatlantic Trade and Investment Partnership (TTIP) and the Comprehensive Economic and Trade Agreement (CETA) will further empower corporations to challenge strong government action on climate change
Seattle to Brussels Network (S2B), Cecilia Olivet, Marc Maes, Pia Eberhardt, Natacha Cingotti, Ante Wessels, Burghard Ilge, Peter Fuchs
27 November 2015
The European Commission unveiled a draft text for a chapter on investment protection and investor to state dispute settlement – now called the Investment Court System - to be included in the Transatlantic Trade and Investment Partnership (TTIP) with the US. This new system would replace the existing investor-to-state dispute settlement (ISDS) mechanism not only in TTIP but also in all ongoing and future EU investment negotiations.
I can only see progress—technological, political, social, moral, whatever—as a goal of human action and since progress has no will or direction of its own and depends entirely on what people do or don’t do, it’s neither contented or discontented about anything. As judges of the direction human affairs and the world are taking I am, and practically everyone I know is mightily discontented with the cumulative effects of changes brought about over the past several decades.
This public event will highlight the risks that provisions negotiated as part of trade agreements – such as ISDS – can pose for governments’ ability to regulate to protect the environment and act on climate change.