ConocoPhillips & Perenco vs. Vietnam: Making profits but refusing to pay taxes

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Photo: CEO, TNI, FOEI: CC BY 2.0

ISDS Platform

  • Amount demanded: Data not available
  • Outcome: pending
  • Treaty invoked: United Kingdom – Vietnam BIT (2002)
  • Sector: energy
  • Issue: tax avoidance

by CEO, FOE & TNI

Effectively and fairly collecting taxes is essential for all states, and especially for developing countries that wish to sustainably develop. Tax collection also offers a means to guarantee quality public services for all and to collectively face the challenges of climate change. However, in Vietnam and in other countries, big corporations challenge governments that try to impose taxes on their massive profits. Investor-state dispute settlement (ISDS) is one of their main avenues to try to avoid paying taxes and to receive millions in compensation instead.

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How China, India and war are reshaping the Middle East

CNA Insider – 29-11-2024

For decades, the Middle East has been a central focus of US foreign policy. But today, America is scaling down its involvement in one of the world’s most volatile regions.

Vying to fill the vacuum are China and India. Billions of dollars’ worth of infrastructure projects from Asia have moved to the Middle East. Cross border investment from the region to Asia has also gained momentum. The region is counting on trade with China and India for its post-oil future. At the same time, the gulf countries are strategically important to the superpowers. For example, China and India are looking to expand military cooperation with Oman.

With the war in Gaza and the spreading Lebanon conflict, the Middle East is leaning even further away from the American pole. How will the pivot to Asia change the dynamics of the region?

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