TTIP vs tax justice
The leaked Panama Papers have made tax-avoiding companies frontpage news. But tax havens and loopholes are not the only tools the rich and powerful can use to avoid paying their fair share. In some cases, big corporations
are even using TTIP-style ‘corporate
to sue governments trying to collect taxes from them.
From India to Romania, corporations
are successfully suing governments, winning compensation and getting lower tax
bills. Less tax income means that governments struggle to tackle poverty and to
provide quality healthcare and other public services.
Ironically, some corporations use
shell companies in British tax havens to launch their lawsuits. We need to
Please tell the government to stand
up to tax-avoiding companies and bring an end to undemocratic ‘corporate courts’ through trade
deals like TTIP.
We’ve uncovered cases
from 24 countries, from India to Romania,
where governments are being sued in tax related cases. Just look at:
- Ecuador – sued by an Anglo-French
oil company after introducing new taxes on windfall profits in the oil sector
- Mexico – successfully sued by
several US agribusiness giants - including Cargill –
for introducing a 'sugar tax' on soft drinks
- Romania – successfully sued by a
food corporation when the government removed its tax
breaks in order to comply with EU rules
You can read the full report here
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