With all this fuss about multinationals not paying tax in New Zealand and people using our dodgy trust laws as a gigantic shelter to avoid paying tax in their home countries, I can’t help think about the TPPA and how it was supposed to be this great mechanism for standardising business conditions across the region. And so it has chapters to standardise copyright laws and trade tariffs and it has the famous investor state dispute mechanisms. It regulates government procurement and competition. Pharmac needs to be more open about its decision making because that impacts on the multi-national pharmaceutical companies, which were heavily involved in the TPPA negotiation process.
So it seems like that would be a good place to negotiate and standardise rules about tax and tax shelters and avoidance and banking secrecy and trusts. Right? Isn’t it weird/telling/completely predictable that the TPPA regulates the way all of the governments who are signatories carry out their purchasing, or intervene in their domestic market so as not to disadvantage multinationals, but doesn’t reciprocate by requiring any kind of standardised tax regime to force them all to pay tax someplace.