Paying less tax than the cleaners they employ is mainstream practice for big business today. The close-to-zero tax rate of some of the world’s biggest corporations is widely acknowledged, as is the role of British territories like the Cayman Islands in helping make this possible.
“It’s a big club, and you and I are not in it.” --George Carlin
TPP is only part of Obama’s corporate tax break story.
During the past three years Obama keeps telling us that TPP and tax reform in the spirit of 1986 tax reform are his highest second term priorities.
1986 tax reform was the newly formed Democratic Leadership Council’s (DLC) first stab in the back of the 99% as Congressional Democrats joined Raygun and his GOP to push through the most corporate friendly, regressive tax reform in history. Congressional Democrats continue to brag about their “bipartisan” 1986 victory.
I’m not sure how enforceable the secret court rulings can be? If a country refuses to pay a vulture corporation, what can they do about it. When these TTIP agreements start to cause trade wars, then no country abide by them.