Mr. Speaker, I am informed that the matter of the tax treatment of international business corporations operating out of Barbados is a matter of tax treaty. A tax treaty exists between Barbados and Canada. There have been discussions between Canada and the government of Barbados with respect to the treatment of the income of international business corporations and the repatriation of that active business income to Canadian firms.
However, at the moment the provisions of the treaty continue to apply and it would not be a matter for us to deal with unilaterally.