Walmart has used foreign tax havens to shelter $76 billion in assets avoiding having to pay $3.5 billion in income tax over the last six years according to a Americans for Tax Fairness report. The report —”The Wal-Mart Web: How the World’s Biggest Corporation Secretly Uses Tax Havens to Dodge Taxes” – shows the company used a “network of 78 subsidiaries and branches in 15 overseas tax havens, which may be used to minimize foreign taxes where it has retail operations and to avoid U.S. tax on those foreign earnings.”
Nothing would prevent the Congress from voting the TPP down, especially and because the contents of the Treaty are secret. The public isn’t informed of the details. Any US legislator with a trace of courage would do just that—vote it down.
The legislators themselves have been allowed to enter a sealed room and read some of the content. But there is no guarantee that what they’re reading is in the final draft of the Treaty. The legislators may takes notes in the sealed room, but they can’t keep their notes. They can’t make copies. They can’t discuss what they’ve read with the press or the public.
Again, on that basis alone, any legislator with a shred of honor would vote no on the Treaty. And no on secrecy.
If a member of Congress did break omertà and reveal to the public what he read in the sealed room, he would be violating Executive Branch regulations on classified data (“national security”), and he could be arrested.
Well, that is exactly what a Senator or Representative who, with courage and honor, opposes the TPP, should welcome. An arrest? He should celebrate it.
The Greek PM has announced a national referendum on July 5 on the conditions of the debt deal with international creditors. It’s up to the Greek people, Tsipras said, to make a fateful decision on the country’s sovereignty, independence and future. “These proposals, which clearly violate the European rules and the basic rights to work, equality and dignity show that the purpose of some of the partners and institutions was not a viable agreement for all parties, but possibly the humiliation of an entire people,” Greek Prime Minister Alexis Tsipras said in a televised address to the nation, as cited by Reuters.
Prime Minister Alexis Tsipras launched a scathing attack on the International Monetary Fund for rejecting Greek reform proposals ahead of talks in Brussels Wednesday, denting hopes of a final debt deal to prevent Athens from defaulting and leaving the euro. The leftist leader hit out at the “strange position” just minutes before going into an eleventh-hour meeting with key lenders including Christine Lagarde, the head of the IMF, and the European Union.
I want to use an analogy to demonstrate what I think is happening with our U.S. Congress and the Trans-Pacific Partnership negotiations. The Fast Track and TPP are like having trash put on a plate and served to you as dinner. You look at it and know instantly that it is nothing that you would ever want to eat, but the president and many Republican legislators tell you that it is going to be good for you and that the U.S. and 11 other countries have been working on perfecting this recipe for nearly a decade. Many of the Democratic legislators agree that there are problems with this recipe. Yet the president believes that he can convince them to vote in favor of this being something that all U.S. Citizens, and those of the other 11 nations, will be forced to swallow.
Karen Hudes worked in the World Bank legal department for more than 20 years and held the position of Senior Counsel. She was fired for blowing the whistle on corruption inside the World Bank. Ms. Hudes knows exactly what the global elite are after — total control. They are jockeying financial institutions and transnational corporations into position to dominate the planet.
An enormous corporate-friendly treaty that many people haven’t heard of was thrust into the public limelight Wednesday when famed publisher of government and corporate secrets, WikiLeaks, released 17 documents from closed-door negotiations between countries that together comprise two-thirds of the word’s economy.
Fifty years ago, because of poll taxes and literacy tests, African-Americans were systematically denied the right to vote. Now, thanks to the wealth primary, the vast majority of Americans are being denied the rightful value of their vote.
Exploiting the world’s resources and governments with criminal impunity, a wealthy elite—sporting an estimated $32 trillion in tax-exempt offshore havens—are the deep dark secret of plutocratic imperialism, operating behind more visible, privately controlled government representatives.
Don’t feel bad if trade talk – treaties, exports & imports – makes your eyes glaze over. It’s understandable. Most likely, you’ve heard about this Trans Pacific Partnership, or TTP at least once a week. But you’re busy & probably haven’t really looked beneath the headlines. Even if you have, some of the authors don’t always do a great job breaking the nuts & bolts down for you. So, you leave frustrated that they don’t get to the point. This article seeks to tell this story in more plain language. Make no mistake this TPP story is big, full of intrigue, and needs heroes and heroines to stand up to the bad guys. You can be one of the many that are standing up. But time is short because the congress is being asked to shut down debate on this sucker and say yea or nay to it under a limited time crunch to read & understand what’ll probably be over a 1000 pages & then figure out if it is right for America.
As you may have heard, the Fast Track Bill was introduced last week. It may come up for a vote anytime next week. This would mean that the Congress would surrender its right and obligation to debate a treaty before voting upon it. You have an opportunity to sign your company’s name on to a letter, being sent to our representatives, urging them not to vote for Fast TrackJust go to the following link: www.tradewatch.org or call Lacey Colmooth at 202-454-5134 and ask to have your company’s name added.
A freshly-leaked chapter from the highly secretive Transatlantic Trade and Investment Partnership (TTIP) agreement, currently under negotiation between the United States and European Union, reveals that the so-called “free trade” deal poses an even greater threat to environmental and human rights protections—and democracy itself—than previously known, civil society organizations warn.