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Finance committee  I don't have this information with me. I guess your question is how many of those 6,700 cases have an amount re-assessed?

December 13th, 2010Committee meeting

Lucie Bergevin

Finance committee  Considering the complexity of the files and the lack of information available to us, I am satisfied with the progress.

December 13th, 2010Committee meeting

Lucie Bergevin

Finance committee  Yes, that is to some extent the nature of the beast. These are complicated files. At any rate, it usually does take some time to do audits, under normal circumstances. However the circumstances for these audits are more complex and therefore it is understandable that they take mo

December 13th, 2010Committee meeting

Lucie Bergevin

Finance committee  Only foundations.

December 13th, 2010Committee meeting

Lucie Bergevin

Finance committee  A little of both. I do not have the exact percentage, but these accounts can involve entities such as foundations, trusts or individuals.

December 13th, 2010Committee meeting

Lucie Bergevin

Finance committee  I said that we had conducted 26 audits on the Liechtenstein accounts as of April. I also provided you with more up-to-date data for the month of October, namely 30 audits. I believe that these two figures have been published.

December 13th, 2010Committee meeting

Lucie Bergevin

Finance committee  We regard to Liechtenstein, we had already conducted 26 audits by the spring. Up to October, we conducted 30 audits. We are continuing with the audits. We have obtained good results following the 26 audits, namely $5.8 million.

December 13th, 2010Committee meeting

Lucie Bergevin

Finance committee  I will try to answer that question. What you have just described is one aspect of tax avoidance. We are operating in a global economy. It is therefore possible that companies attempt to transfer income to places where tax rates are lower and where treaties allow certain things to

December 13th, 2010Committee meeting

Lucie Bergevin

Finance committee  I would like to point out that the audits have already begun. None has been concluded yet, but it must be said that the list was revealed only recently; I think it was in the spring of 2010. We are still analyzing the information we have received to determine what is missing.

December 13th, 2010Committee meeting

Lucie Bergevin

Finance committee  I'll answer the question. I think I understand. We received funding several years ago, maybe four or five years ago. With that, we have increased the coverage of transfer pricing, of aggressive tax planning. The way we operate is we have tax services officers who do the work. T

December 13th, 2010Committee meeting

Lucie Bergevin

Finance committee  I have not consulted it either. However, what I can say is that the OECD studied the issue of financial institutions at length and any abusive fiscal planning they may have engaged in. So we are aware of the situation, and, as far as the administration of taxes is concerned, we a

December 13th, 2010Committee meeting

Lucie Bergevin

Finance committee  The amounts we recovered were recovered under the Voluntary Disclosures Program. I do not have the chart here. We are studying the lists we received following peremptory requests, but we still have not received any results from the audit.

December 13th, 2010Committee meeting

Lucie Bergevin

Finance committee  Absolutely. That is part of our population of major files and we have a wide coverage as far as the population of these major files is concerned.

December 13th, 2010Committee meeting

Lucie Bergevin

Finance committee  That was, rather, through exchanges with our international partners.

December 13th, 2010Committee meeting

Lucie Bergevin

Finance committee  I would like to explain the process in a few words. First, we conduct a risk assessment after having obtained the information. We compare the information obtained with that in our systems. The first challenge is to ensure that we are dealing with the right individuals, because we

December 13th, 2010Committee meeting

Lucie Bergevin