Reply to post: My exact thought

Scary Trans-Pacific Partnership trade treaty signed off

Voland's right hand Silver badge

My exact thought

The article missed the fact that the treaty is rumored to establish "corporation can sue a state for lost profits due to changes in tax and environmental legislation" procedure.

So the concept is not entirely new - there are some cases of international corp vs state arbitration. The treaty supposedly streamlines it and makes it nice, easy and one way street for the corporations.

The opposite - states clawing back compensation for tax evasion, environmental disasters, etc from corporations in other countries signatories to the treaty is surprise, surprise - not supported. Same as the similar deal with the Eu.

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