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Finance committee  Yes. I'm sorry for the answer, but in our case the penalty was abolished in 1870, so....

February 26th, 2013Committee meeting

Luis Carlos Delgado Murillo

Finance committee  I didn't understand the question very well.

February 26th, 2013Committee meeting

Luis Carlos Delgado Murillo

Finance committee  I'm not familiar with that situation.

February 26th, 2013Committee meeting

Luis Carlos Delgado Murillo

Finance committee  Perhaps what we are looking for is more cooperation between countries like Canada and ours, because in that sense if we improve the mechanisms within both countries, I am sure that we would reduce the intentions for those financial influence capitals that are willing to move to o

February 26th, 2013Committee meeting

Luis Carlos Delgado Murillo

Finance committee  Yes, they are very similar.

February 26th, 2013Committee meeting

Luis Carlos Delgado Murillo

Finance committee  I beg your pardon?

February 26th, 2013Committee meeting

Luis Carlos Delgado Murillo

Finance committee  Perhaps. What we are looking for is, of course, to invite those influences to come to our country in order to reduce the asymmetries between the economies. In that sense, we can use those resources in suitable areas—you know which ones, medical devices, high-tech industries. Thes

February 26th, 2013Committee meeting

Luis Carlos Delgado Murillo

Finance committee  Personally, I think that one of the tools that I have to measure the effectiveness of those foreign investments is how many jobs, new jobs, are in the economy. That's perhaps one of the reasons, because your country and my country are doing the best to grow the economy—but not on

February 26th, 2013Committee meeting

Luis Carlos Delgado Murillo

Finance committee  As you can see in the following graph, while government expenditures increased during the global crisis, revenues declined. This situation resulted in a budget deficit equivalent to 5% of GDP. Given this, the priority of the government is to regain the capacity to respond in a si

February 26th, 2013Committee meeting

Luis Carlos Delgado Murillo

Finance committee  This initiative will open a new window to a country that is a middle-income country affected by aid allocations. Developing countries would benefit in two ways: first, by reducing the tax differentials between developed and developing countries, and then by promoting better pract

February 26th, 2013Committee meeting

Luis Carlos Delgado Murillo

Finance committee  Mr. Chairman, honourable members, thank you for the invitation to join the Standing Committee on Finance of the House of Commons for this study session dedicated today to tax havens and fiscal paradis. Today I have the opportunity to showcase for you how a small country has deve

February 26th, 2013Committee meeting

His Excellency Luis Carlos Delgado Murillo