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Old Posted Oct 24, 2018, 4:38 AM
misher's Avatar
misher misher is online now
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Do any of our foreign buyer or speculation taxes go against Section 11 of NAFTA?

Saw this mentioned and I was wondering. Does look like it goes against it. I know a NAFTA lawyer says the foreign buyers tax does in one article. He said it also goes against many of our trade treaties.

http://international.gc.ca/trade-com....aspx?lang=eng

Quote:
1. Each Party shall accord to investors of another Party treatment no less favorable than that it accords, in like circumstances, to investors of any other Party or of a non-Party with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments.

2. Each Party shall accord to investments of investors of another Party treatment no less favorable than that it accords, in like circumstances, to investments of investors of any other Party or of a non-Party with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments.

Last edited by misher; Oct 24, 2018 at 4:57 AM.
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