Suing taxpayers for “future profits” (reason #2)

 

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Stop the TPP. Fair Trade Not Free Trade. Credit: CPC

Like NAFTA (the North American Free Trade Agreement), the TPP contains investor-state dispute settlement (ISDS) provisions which allow corporations to sue governments for legislation which could mean lost “future profits.” There were 12 such cases brought against Canada from 1995 to 2005, and another 23 cases since then. Canada has lost or settled six claims paying a total of $170 million in damages. Costs to taxpayers from these lawsuits will rise dramatically if the TPP takes effect. Furthermore, the ISDS would also produce a corporate-oriented jurisprudence that would be further weakening the state’s capacity to defend us all.

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About Communist Party of Canada Guelph - CPC Guelph

Quality jobs, social services, better environment and a great democracy. Summarizing what the Communist Party of Canada advances: We are always with the people!
This entry was posted in Society, TPP, Welfare and tagged , , , , . Bookmark the permalink.

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