Bernie Sanders
Related: About this forumClintons Free Trade Policies Leads To Illegal Money Laundering In Panama
Meanwhile the agreement itself makes it safer and easier for particular U.S. companies to use Panama to hide their money from taxation, to basically obscure who owns what. And the specific rules are Chapter 9 of that agreement. You can see that online at tradewatch@ustr.gov in the investment chapter. It guarantees things like inflows and outflows of capital without limitation. Compensation from the government of any policies that an investor relied on to make an investment were changed, i.e. incentives not to clean up any of those criminal laws that drive the investments. And, moreover, compensation from the government if anything happens with your money, against the rights given in the agreement.
That provision serves like a risk-free insurance to offshore your money to Panama. So the chickens have now come home to roost, with the Panama Papers. Because you can see, number one, nothings changed and number two, the extent of the criminality.
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http://readersupportednews.org/opinion2/277-75/36335-focus-clintons-pro-free-trade-policies-lead-to-wider-illegal-money-laundering-in-panama
Meteor Man
(385 posts)The Panama Free Trade Agreement, strongly supported by Obama and SoS Clinton, actually made it easier to launder money.
Makes it easier for U.S. companies to hide their money from taxation.
Meteor Man
(385 posts)The articla also dissects bipartisan lack of support for TPP!
Excellent interview!