European Groups Expose ‘Terrifying Extent of Corporate Grab’ Within TTIP

BY DAVID ON 17TH FEBRUARY 2016

‘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’.”‘

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