Finance committee  Just very quickly, if I may give a parallel example, I look around the room and I see lots of Apple products. If you look on the back to see where it is made, you will see “assembled in China” but “designed in California”. The reason that's an important issue is the following. Ev

Finance committee  I don't want to go outside my area of research, but specifically any revenue generated in Canada should be subject to Canadian taxation. And anyone who uses any of these methods to avoid taxes legally due in Canada is committing tax evasion and should be prosecuted for that. Off

Finance committee  Without saying too much, because you're going into an area in which I haven't done formal research when I talk about transfer pricing, I would tend to agree with you.

Finance committee  Absolutely.

Finance committee  Yes. I think you could come up with better measures than just a simple guess.

Finance committee  Absolutely. I'm quite concerned that in reaction to stories like the one about Starbucks and so on, a policy that is too aggressive to address these issues misses the wider benefit that offshore financial centres can play for a country like Canada as we continue to expand globall

Finance committee  I think absolutely it could hurt us.

Finance committee  Yes. There's a study by the Department of Foreign Affairs that looks at Canada's reach into the BRIC economies, into these emerging markets, and it shows that we are lagging behind other OECD countries in terms of our penetration of these other markets. We're too tied economicall

Finance committee  To respect the time of the committee, I'll pass.

Finance committee  We are looking at this from different perspectives. The whole idea of Starbucks is that it's exciting, and all of a sudden it talks about tax fairness and so on. What I think about, in the research that I talk about, is this. This can be applied to any OECD country, but when a

Finance committee  That's a very important question, and I think it really comes down to the whole issue of transparency and disclosure of information. You think about the impact of deploying these global strategies on real economic activity; the work that I've done has looked at the impact on Cana

Finance committee  Thank you very much for the opportunity to appear before this committee to give my thoughts on the role of offshore financial centres and the role they play in the Canadian economy. This is a very important issue for the global competitiveness and prosperity of Canada, and theref