Why Trump Refuses to Release Tax Returns?

The Panama Papers scandal led to many wealthy elites across the world being exposed for in many cases illicit financial transactions. Further, continued investigations by journalists have exposed the likes of John Kerry and the Hillary campaign leaders, a little known obscure address in Delaware. While tax havens are not illegal due to loopholes in the tax code, those that exploit them call into question how and why the tax havens are used in the first place. Humm….Trump will not release his tax returns until after the convention.

Related: Trump Foundation has not released all veteran fundraising money.

Related: Judge decides on Trump University Trial

Related: Trump’s new hire Manafort Trouble in the Ranks

Related: Trump’s Team Stuffed with Lobbyists

Enter the Clintons and oh…Donald Trump.

 

Trump and Clinton share Delaware tax ‘loophole’ address with 285,000 firms

1209 North Orange Street in Wilmington is a nondescript two-storey building yet is home to Apple, American Airlines, Walmart and presidential candidates

TheGuardian: There aren’t many things upon which Hillary Clinton and Donald Trump agree, especially as they court very different Delaware voters ahead of a primary on Tuesday. But the candidates for president share an affinity for the same nondescript two-storey office building in Wilmington. A building that has become famous for helping tens of thousands of companies avoid hundreds of millions of dollars in tax through the so-called “Delaware loophole”.

The receptionist at 1209 North Orange Street isn’t surprised that a journalist has turned up unannounced on a sunny weekday afternoon.

“You know I can’t speak to you,” she says. A yellow post-it note on her computer screen reads “MEDIA: Chuck Miller” with the phone number of the company’s director of corporate communications. Miller can’t answer many questions either, except to say that the company does not advise clients on their tax affairs.

The Guardian is not the first media organisation to turn up at the offices of Corporation Trust Centre, and it’s unlikely to be the last.

This squat, yellow brick office building just north of Wilmington’s rundown downtown is the registered address of more than 285,000 companies. That’s more than any other known address in the world, and 15 times more than the 18,000 registered in Ugland House, a five-storey building in the Cayman Islands that Barack Obama called “either the biggest building in the world, or the biggest tax scam on record”.

Officially, 1209 North Orange is home to Apple, American Airlines, Coca-Cola, Walmart and dozens of other companies in the Fortune 500 list of America’s biggest companies. Being registered in Delaware lets companies take advantage of strict corporate secrecy rules, business-friendly courts and the “Delaware loophole”, which can allow companies to legally shift earnings from other states to Delaware, where they are not taxed on non-physical incomes generated outside of the state.

The loophole is said to have cost other states more than $9bn in lost taxes over the past decade and led to Delaware to be described as “one of the world’s biggest havens for tax avoidance and evasion”.

But it’s not just big corporations that have chosen to make 1209 North Orange their official home.

Both the leading candidates for president – Hillary Clinton and Donald Trump – have companies registered at 1209 North Orange, and have refused to explain why.

Clinton, who has repeatedly promised that as president she will crack down on “outrageous tax havens and loopholes that super-rich people across the world are exploiting in Panama and elsewhere”, collected more than $16m in public speaking fees and book royalties in 2014 through the doors of 1209, according to the Clintons’ tax return.

Just eight days after stepping down as secretary of state in February 2013, Clinton registered ZFS Holdings LLC at CTC’s offices. Bill Clinton set up WJC LLC, a vehicle to collect his consultation fees, at the same address in 2008.

A spokesman for Clinton said: “ZFS was set up when Secretary Clinton left the State Department as an entity to manage her book and speaking income. No federal, state, or local taxes were saved by the Clintons as a result of this structure.”

The Clintons’ companies share the office with several of Trump’s companies. They include Trump International Management Corp and several companies that form part of Hudson Waterfront Associates, a Trump partnership to develop more than $1bn worth of luxury condos on the west side of Manhattan.

Of the 515 companies on Trump’s official Federal Election Commission (FEC) filing, 378 are registered in Delaware, he revealed, after being questioned by the Guardian about why so many of his New York-based companies are incorporated in Delaware.

He said he asked his staff to find out how many entities he has in Delaware. “I figured they’d maybe say two or three, right?” Trump said at a rally in Harrington, Delaware, on Friday. “We have 378 entities registered in the state of Delaware, meaning I pay you a lot of money, folks. I don’t feel at all guilty, OK?”

Among them are 40 Wall Street Corporation, Trump’s 72-storey downtown tower that was the tallest building in the world for two months in 1930, and the Trump Carousel in Central Park.

The Trump campaign did not respond to questions about whether Trump was using Delaware in order to avoid taxes in New York.

It is not unusual for rich individuals and companies to register their business in Delaware due to the ease of company formation in the state, but the Clintons’ and Trump’s companies in the state are likely to come under greater scrutiny as the US presidential primary roadshow rolls into the state on Tuesday. A poll by research firm Gravis Marketing last week showed Trump had a 37-point lead over John Kasich; Clinton polled 45%, ahead of Sanders on 38% in the same poll.

A report by the Institute on Taxation and Economic Policy, titled Delaware: An Onshore Tax Haven, said the state’s tax code made it “a magnet for people looking to create anonymous shell companies, which individuals and corporations can use to evade an inestimable amount in federal and foreign taxes”.

Several accounting experts said there are many legitimate reasons why US and foreign companies incorporate in Delaware, particularly because of its highly respected Court of Chancery and business-friendly state government. The process of setting up a company in the state can be completed in just a few hours and requires less paperwork than registering for a library card in the state. There are more than 1m companies registered in the state – more than Delaware’s population of 935,000.

In the US presidential election, Clinton’s rival Bernie Sanders has led the charge to counter corporate greed, and highlighted the tax havens revealed by the Panama Papers as evidence that “the wealthiest people and largest corporations must start paying their fair share of taxes”.

Clinton has called offshore tax havens “a perversion” of the legal code, and Obama called for reform of the international system earlier this month. Even Trump has said he supports raising taxes on the wealthiest Americans, “including myself”, though his tax plan offers cuts.

The Guardian Media Group, owner of theguardian.com, is registered in Dover, Delaware. “Guardian Media Group has business operations in the UK, US and Australia,” a Guardian spokesperson said. “The group’s assets are held entirely by companies in these countries and are fully subject to prevailing tax laws and regulations. The group also has a UK endowment fund which holds a mixture of UK and non-UK assets and is fully subject to UK tax laws and regulations.”

AmeriCorps: Broke the Rules with ‘abortion doulas’

AmeriCorps’ abortion escorts broke federal rules

TheHill: Several members of the national service program AmeriCorps recently escorted young pregnant women to abortion clinics in a “direct violation” of federal funding rules, a government watchdog will report Tuesday.

The volunteers served as clinic escorts, also known as “abortion doulas,” in parts of New York City, according to a source familiar with the report from a federal inspector general’s office. A summary of the report will be published online Tuesday.

In their roles, such volunteers provide emotional support to women seeking abortions, as well as transportation to and from the clinics if needed. That service is prohibited under the language of federal grants that helps fund the program, the source said.

The violation took place among “a few volunteer members” at one of the 38 community health centers that works with AmeriCorps’s health branch, according to a statement from the National Association of Community Health Centers (NACHC), which oversees AmeriCorps’ health volunteers.

Dave Taylor, chief operating officer of NACHC, said in a statement to The Hill that the group’s leadership “self-reported the issue to the proper authorities” immediately after learning about the potential violations.

“We take this matter seriously,” Taylor said, adding that the NACHC has cooperated with the White House’s community service office and the watchdog group throughout the investigation. He declined to provide any details about the investigation, but said his organization had received a copy of the full report.

The group said its response to the investigation has been far-reaching. Taylor said it quickly took steps to stop the program, while also requiring program staff to be retrained on “all relevant rules and regulations related to AmeriCorps prohibited activities.”

“We moved immediately to cease the activity in question, and suspended the identified site’s AmeriCorps members for a period until they and their site supervisors were retrained and revised member service contracts were reviewed and signed,” Taylor wrote in a statement.

The group also revised the contracts of 500 other partners “to prevent future misinterpretations.”

AmeriCorps is a federally funded community service program with about 80,000 volunteers nationally. The program is managed by the White House Corporation for National and Community Service, which received about $1.1 billion in federal funds last year.

**** In 2009, AllGov: Abortion Referral Prohibited for AmeriCorps

AmeriCorps became the center of media attention when the Edward M. Kennedy Serve America Act passed, tripling AmeriCorps’ size and allotting $5.7 billion in federal funding for the community service programs it provides. Few news sources noticed one controversial stipulation that was added to the bill: the prohibition of several activities, among them, abortion referral.

Beginning on October 1, AmeriCorps’ staff and members will be prohibited from “providing abortion services or referrals for receipt of such services.” In the past, AmeriCorps members have joined with clinics that offer abortion services and partnered with Planned Parenthood chapters to work on public health education topics. The new stipulation will allow members to volunteer or provide their services on their own time, but not while affiliated with AmeriCorps, itself.
Also included in the list of prohibited activities: engaging in protests, petitions, boycotts, or strikes; assisting, promoting, or deterring union organization; engaging in religious instruction and conducting worship services.

State Dept Briefing, No Boots, 250 Boots, But But But

WASHINGTON, April 25, 2016 — Up to 250 additional U.S. personnel are being deployed to Syria to support local forces on the ground and build on successes of U.S. forces already deployed there in the fight against the Islamic State of Iraq and the Levant, the Pentagon’s press secretary said today.

The additional personnel include special operations forces and medical and logistics personnel, Peter Cook told reporters at the Pentagon. The forces are to build on the gains of 50 previously deployed special operators in Syria, he said.

During a speech in Germany today, President Barack Obama announced the deployment of the additional forces. He said the expertise of the special operations forces already on the ground in Syria has been critical as local forces drive ISIL out of key areas.

Okay, so you now there is a major divide in the message, hence words matter, check out this exchange today between the media and the State Department spokesperson, John Kirby. Advance the video to the 25:00 minute mark and it ends about the 28:00 minute mark.

In 2015, when Obama deployed 50 special forces to Syria, the War Powers Act and authority began yet another huge debate in Congress.

Let us go back to 2015 shall we?

16 times Obama said there would be no boots on the ground in Syria

WASHINGTON — Since 2013, President Obama has repeatedly vowed that there would be no “boots on the ground” in Syria.

But White House press secretary Josh Earnest said the president’s decision Friday to send up to 50 special forces troops to Syria doesn’t change the fundamental strategy: “This is an important thing for the American people to understand. These forces do not have a combat mission.”

Earnest said the promises of “no boots on the ground” first came in the context of removing Syrian President Bashar Assad because of his use of chemical weapons. Since then, Syria has become a haven for Islamic State fighters.

Here’s a recap of Obama’s no-boots pledge:

Remarks before meeting with Baltic State leaders, Aug. 30, 2013

“In no event are we considering any kind of military action that would involve boots on the ground, that would involve a long-term campaign. But we are looking at the possibility of a limited, narrow act that would help make sure that not only Syria, but others around the world, understand that the international community cares about maintaining this chemical weapons ban and norm. So again, I repeat, we’re not considering any open-ended commitment. We’re not considering any boots-on-the-ground approach.”

Remarks in the Rose Garden, Aug. 31, 2013

“After careful deliberation, I have decided that the United States should take military action against Syrian regime targets. This would not be an open-ended intervention. We would not put boots on the ground. Instead, our action would be designed to be limited in duration and scope.”

Statement before meeting with congressional leaders, Sept. 3, 2013

“So the key point that I want to emphasize to the American people: The military plan that has been developed by our Joint Chiefs — and that I believe is appropriate — is proportional. It is limited. It does not involve boots on the ground. This is not Iraq, and this is not Afghanistan.”

News conference in Stockholm, Sweden, Sept. 4, 2013

“I think America recognizes that, as difficult as it is to take any military action — even one as limited as we’re talking about, even one without boots on the ground — that’s a sober decision.”

News conference in St. Petersburg, Russia, Sept. 6, 2013

“The question for the American people is, is that responsibility that we’ll be willing to bear? And I believe that when you have a limited, proportional strike like this — not Iraq, not putting boots on the ground; not some long, drawn-out affair; not without any risks, but with manageable risks — that we should be willing to bear that responsibility.”

Heck read the rest from USAToday.

In 2013, the White House sent a letter to the Congress on his power with regard to Syria, but it did not mention boots on the ground but rather strikes, meaning by manned and or unmanned aircraft.

Letter from the President — War Powers Resolution Regarding Syria

TEXT OF A LETTER FROM THE PRESIDENT
TO THE SPEAKER OF THE HOUSE OF REPRESENTATIVES
AND THE PRESIDENT PRO TEMPORE OF THE SENATE

September 23, 2014

Dear Mr. Speaker: (Dear Mr. President:)

As I have repeatedly reported to the Congress, U.S. Armed Forces continue to conduct operations in a variety of locations against al-Qa’ida and associated forces. In furtherance of these U.S. counterterrorism efforts, on September 22, 2014, at my direction, U.S. military forces began a series of strikes in Syria against elements of al-Qa’ida known as the Khorasan Group. These strikes are necessary to defend the United States and our partners and allies against the threat posed by these elements.

I have directed these actions, which are in the national security and foreign policy interests of the United States, pursuant to my constitutional and statutory authority as Commander in Chief (including the authority to carry out Public Law 107-40) and as Chief Executive, as well as my constitutional and statutory authority to conduct the foreign relations of the United States. I am providing this report as part of my efforts to keep the Congress fully informed, consistent with the War Powers Resolution (Public Law 93-148). I appreciate the support of the Congress in this action.

Sincerely,

BARACK OBAMA

Need to Know Facts on EB-5 Visa Program

In 1999, yes under President Bill Clinton and selling out sovereignty under a globalist agenda:

   

FAS: The immigrant investor visa was created in 1990 to benefit the U.S. economy through employment creation and an influx of foreign capital into the United States. The visa is also referred to as the EB-5 visa because it is the fifth employment preference immigrant visa category. The EB-5 visa provides lawful permanent residence (i.e., LPR status) to foreign nationals who invest a specified amount of capital in a new commercial enterprise in the United States and create at least 10 jobs. The foreign nationals must invest $1,000,000, or $500,000 if they invest in a rural area or an area with high unemployment (referred to as targeted employment areas or TEAs).

There are approximately 10,000 visas available annually for foreign national investors and their family members (7.1% of the worldwide employment-based visas are allotted to immigrant investors and their derivatives). In FY2015, there were 9,764 EB-5 visas used, with 93% going to investors from Asia. More specifically, 84% were granted to investors from China and 3% were granted to those from Vietnam.

In general, an individual receiving an EB-5 visa is granted conditional residence status. After approximately two years the foreign national must apply to remove the conditionality (i.e., convert to full-LPR status). If the foreign national has met the visa requirements (i.e., invested and sustained the required money and created the required jobs), the foreign national receives full LPR status. If the foreign national investor has not met the requirements or does not apply to have the conditional status removed, his or her conditional LPR status is terminated, and, generally, the foreign national is required to leave the United States, or will be placed in removal proceedings.

In 1992, Congress established the Regional Center (Pilot) Program, which created an additional pathway to LPR status through the EB-5 visa category. Regional centers are “any economic unit, public or private, which [are] involved with the promotion of economic growth, including increased export sales, improved regional productivity, job creation, and increased domestic capital investment.” The program allows foreign national investors to pool their investment in a regional center to fund a broad range of projects within a specific geographic area. The investment requirement for regional center investors is the same as for standard EB-5 investors. As the use of EB-5 visas has grown, so has the use of the Regional Center Program. In FY2014, 97% of all EB-5 visas were issued based on investments in regional centers. Unlike the standard EB-5 visa category, which does not expire, the Regional Center Program is set to expire on September 30, 2016.

Different policy issues surrounding the EB-5 visa have been debated. Proponents of the EB-5 visa contend that providing visas to foreign investors benefits the U.S. economy, in light of the potential economic growth and job creation it can create. Others argue that the EB-5 visa allows wealthy individuals to buy their way into the United States.

In addition, some EB-5 stakeholders have voiced concerns over the delays in processing EB-5 applications and possible effects on investors and time sensitive projects. Furthermore, some have questioned whether U.S. Citizen and Immigration Services (USCIS) has the expertise to administer the EB-5 program, given its embedded business components. The Department of Homeland Security’s Office of the Inspector General (DHS OIG) has recommended that USCIS work with other federal agencies that do have such expertise, while USCIS has reported that it has taken steps internally to address this issue. USCIS has also struggled to measure the efficacy of the EB-5 category (e.g., its economic impact). USCIS methodology for reporting investments and jobs created has been called into question by both the DHS OIG and the U.S. Government Accountability Office (GAO).

 

Furthermore, some have highlighted possible fraud and threats to national security that the visa category presents. In comparison to other immigrant visas, the EB-5 visa faces additional risks of fraud that stem from its investment components. Such risks are associated with the difficulty in verifying that investors’ funds are obtained lawfully and the visa’s potential for large monetary gains, which could motivate individuals to take advantage of investors and can make the visa susceptible to the appearance of favoritism. USCIS has reported improvements in its fraud detection but also feels certain statutory limitations have restricted what it can do. Additionally, GAO believes that improved data collection by USCIS could assist in detecting fraud and keeping visa holders and regional centers accountable.

Lastly, the authority of states to designate TEAs has raised concerns. Some have pointed to the inconsistency in TEA designation practices across states and how it could allow for possible gerrymandering (i.e., all development occurs in an area that by itself would not be considered a TEA). Others contend that the current regulations allow states to determine what area fits their economic needs and allow for the accommodation of commuting patterns.

In addition to the issues discussed above, Congress may consider whether the Regional Center Program should be allowed to expire, be reauthorized, or made permanent, given its expiration on September 30, 2016. In addition, Congress may consider whether any modifications should be made to the EB-5 visa category or the Regional Center Program. Legislation has been introduced in the 114th Congress that would, among other provisions, amend the program to try to address concerns about fraud, and change the manner in which TEAs are determined. Other bills would create an EB-5-like visa category for foreign national entrepreneurs who do not have their own capital but have received capital from qualified sources, such as venture capitalists. Read more here.

 

Obama’s Climate Change Treaty or Accord, Skirts Senate

Obama’s Violating the Constitution by Not Submitting Climate Treaty to Senate

DailySignal/Senator Mike Lee and Congressman Mike Kelly:

Today at United Nations Headquarters in New York City, Secretary of State John Kerry and representatives of over 130 nations will sign the Framework Convention on Climate Change agreement that was negotiated in Paris last December.

According to President Obama, this “historic agreement” will “hold every country accountable” if they fail to meet its carbon emission targets.

The White House has also acknowledged that the agreement contains “legally binding” provisions designed to create a “long-term framework” that will force the United States and signatory countries to reduce carbon emissions for decades to come.

Despite these facts, President Obama has already announced he will not submit the Paris Climate Agreement to the Senate for advice and consent. Instead, the White House claims the signature environmental achievement of the president’s tenure is just an “international agreement” not meriting Senate attention.

If the stakes weren’t so high, this claim would be laughable on its face.

Not only was this agreement’s predecessor, the United Nations Framework Convention on Climate Change, submitted to the Senate and approved as a treaty, but when the Senate ratified that treaty, the Foreign Relations Committee specifically reported that any future emissions targets agreed to through the Convention “would have to be submitted to the Senate for its advice and consent.”

President Obama has chosen to ignore this directive.

He has also chosen to ignore the State Department’s eight-factor test that is used to determine “whether any international agreement should be brought into force as a treaty or as an international agreement other than a treaty.”

Those eight factors are:

1) The extent to which the agreement involves commitments or risks affecting the nation as a whole (the agreement’s carbon reductions will inflict costs on every American who consumes energy)

2) Whether the agreement is intended to affect state laws (the agreement will force states to meet emission targets)

3) Whether the agreement can be given effect without the enactment of subsequent legislation by the Congress (Congress will have to appropriate money for the agreement’s Green Climate Fund)

4) Past U.S. practice as to similar agreements (the agreement’s predecessor was submitted as a treaty)

5) The preference of the Congress as to a particular type of agreement (Congress wants to vote on this agreement)

6) The degree of formality desired for an agreement (the agreement is a highly detailed 31-page document)

7) The proposed duration of the agreement, the need for prompt conclusion of an agreement, and the desirability of concluding a routine or short-term agreement (the agreement sets emissions targets decades in advance)

8) The general international practice as to similar agreements (there are many, but the 1985 Vienna Convention for the Protection of the Ozone Layer is just one example)

The only reason President Obama is not sending the Paris Climate Agreement to the Senate as a treaty is that he knows the Senate would handily reject it.

This is an unacceptable breach of Article II Section 2 of the Constitution, and Congress must do something about it.

That is why we have introduced a concurrent resolution in the House and Senate expressing the sense of Congress that the Paris Climate Agreement must be submitted to the Senate as a treaty for its advice and consent.

If President Obama fails to do so, then Congress must prevent its implementation by forbidding any payments to the agreement’s “Green Climate Fund,” an international slush fund included in the Paris agreement to induce developing nations to sign the agreement.

If Congress fails to specifically prohibit taxpayer money from being spent implementing the Paris Climate Agreement, then they will be complicit in President Obama’s subversion of the Constitution.


*****

More reading on the facts of the Accord, or whatever it is called that will not receive a Senate vote:

FAS: On April 22, 2016, as many as 155 countries intend to sign the new international Paris Agreement to address greenhouse-gas-induced climate change. No international agreement to date has attracted as many signatures on the opening day of the year-long signature period. Eight nations—all perceiving themselves as particularly vulnerable to the impacts of climate change—plan to deposit their instruments of ratification as well.

Delegations of 195 nations adopted the Paris Agreement on December 12, 2015. It creates a structure for nations to pledge every five years to abate their greenhouse gas (GHG) emissions, to adapt to climate change, and to cooperate to these ends, including financial and other support. A single framework to promote transparency and track progress of Parties’ efforts applies, for the first time, to all Parties—whether rich or poor. The Parties also adopted a Decision to

give effect to the Paris Agreement. Both the Decision and the Agreement (hereinafter capitalized) are intended to be legally binding on Parties to the United Nations Framework Convention on Climate Change (UNFCCC) and the new Agreement, respectively, though not all provisions within them are mandatory. Both are subsidiary to the UNFCCC, which the United States ratified with the advice and consent of the Senate (Treaty Document 102-38, October 7, 1992).

The UNFCCC entered into force in 1994.

Whether the new Paris Agreement or Decision would require Senate advice and consent depends on the content of the agreements. If either were to contain new legal obligations on the United States, it would favor requiring Senate consent to ratification. However, the United States and other Parties to the UNFCCC accepted many legally binding obligations when they ratified the Convention, including control of greenhouse gas (GHG) emissions, preparation to adapt to climate change, international cooperation and support, and regular reporting of emissions and actions with international review. Some have argued that the Paris Agreement does not require more of the United States than it is already obligated to do under the UNFCCC, while others have argued that it does.

Purpose and Post-2050 Balance of Emissions and Removals

The agreement states that it aims to hold the increase in the global average temperature to well below 2 °C above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5 °C above pre-industrial levels, recognizing that this would significantly reduce the risks and impacts of climate change.

This purpose is stated as enhancing the implementation of the UNFCCC, including its objective to stabilize GHG concentrations in the atmosphere at a level to avoid dangerous anthropogenic interference in the climate system. In order to achieve this “long-term temperature goal,” Parties aim to make their GHG emissions peak as soon as possible and then to reduce them rapidly “so as to achieve a balance between anthropogenic emissions by sources and removals by sinks of greenhouse gases in the second half of this century.” In other words, the Agreement envisions achieving net zero anthropogenic emissions. While this is arguably synonymous with the UNFCCC’s objective of stabilizing GHG atmospheric concentrations, the Agreement puts a timeframe on the objective for the first time. However, as a collective objective, the Agreement provides no means to hold an individual Party accountable if the objective were not met.

Mitigation and Adaptation

The Agreement and Decision establish a single framework under which all Parties would:

communicate every five years and undertake “ambitious” Nationally Determined Contributions (NDCs) to mitigating GHG emissions, participate in a single “transparency framework” that includes communicating their GHG inventories and implementation of their obligations, including financial support provided or received, not less than biennially (with exceptions to a few, least developed states), and be subject to international review of their implementation.

All Parties will eventually be subject to common procedures and guidelines. However, while developed country Parties (not defined) must provide NDCs stated as economy-wide, absolute GHG reduction targets, developing country Parties are exhorted to enhance their NDCs and move toward similar targets over time, in light of their national circumstances.

Further, flexibility in the transparency framework is allowed to developing countries, depending on their capacities, regarding the scope, frequency, and detail of their reporting. The administrative Secretariat of the Convention will record the NDCs and other key reports in a public registry.

The Agreement also requires “as appropriate” that Parties prepare and communicate their plans to adapt to climate change. Adaptation communications, too, will be recorded in a public registry.

A committee will, in a facilitative and non-punitive manner, address compliance issues under the Paris Agreement. The Paris Agreement contains provisions for voluntary withdrawal of Parties.

The Agreement permits Parties voluntarily to participate in cooperative approaches (implicitly, emissions markets) that “involve the use of internationally transferred mitigation outcomes.”

Finance

The Agreement reiterates the obligation in the UNFCCC to provide financial support to developing country Parties to implement their mitigation efforts, calling for it to be continuous and enhanced. It uses exhortatory language to restate the collective pledge in the 2009 Copenhagen Accord, of $100 billion annually by 2020, and calls for a “progression beyond previous efforts.” For the first time under the UNFCCC, the Agreement encourages all Parties to provide financial support. In addition, in the Decision, the Parties agreed to set, prior to their 2025 meeting, a new, collective, quantified goal for mobilizing financial resources of not less than $100 billion annually to assist developing country Parties. The Decision strongly urges developed country Parties to scale up their current financial support—in particular to significantly increase their support for adaptation. The Agreement recognizes that “enhanced support” will allow for “higher ambition” in the actions of developing country Parties.

Five-Year Assessments

In 2023 and every five years thereafter, the Parties are to perform a “global stocktake” to review implementation of the Paris Agreement and progress toward the purpose of the Agreement and the long-term net zero anthropogenic emissions goal.