Finance committee  It is translated into English as Canada: A New Tax Haven.

Finance committee  I agree with you. In my view, I don't think we should look at the issue of tax havens as simply a curse befalling us and an external phenomenon that we should fight against. As Canadians, we have created our own problem in large part. The avoidance of double taxation agreement

Finance committee  I would simply say that the double taxation treaty with Barbados is not a mistake of the past, but a mistake being made every day. Every day, we are repeating the same mistake. Some day, we have to put an end to it. It is a contemporary problem. This agreement is still a problem

Finance committee  The title is Paradis fiscaux: la filière canadienne. This book describes the pioneering role of Canadians with tax havens in the Caribbean British territories and the way Canada capitalized on them.

Finance committee  I'm saying the exact opposite. The witnesses who appeared before you last week, if I'm not mistaken, said the same thing: Canada is lagging behind. Canada is the one living on an island. If you keep track of what's happening internationally to combat tax havens, you know that the

Finance committee  We are light years behind what the U.S. is doing right now, and to my knowledge, they aren't seeing American capital flow out of the country on a massive scale. Canada has one of the lowest corporate income tax rates in the OECD, so we have some room to manoeuvre. There's no reas

Finance committee  You raise a lot of points. I just want to mention that I remembered your colleague's question in the meantime. Of course, Canadian companies engage in transfer pricing because they are always trumpeting the fact that it's legal. I'm not sure which newspapers your colleague reads

Finance committee  That's not what I was saying. I was saying that it's a complementary approach. If we tackle the problem from the periphery by making investments in the Canada Revenue Agency to give it the tools to nab a certain number of tax evaders who may have otherwise gone undetected, we are

Finance committee  I will respond to your comment. Businesses do have more money to invest when the tax rate is lower. That explains why they have accumulated $630 billion in their coffers and deposit accounts at home and abroad. It's an enormous amount that shows that, when businesses are swimmi

Finance committee  It's a structure that promotes capital transfers in lax jurisdictions and enables a group to charge members under the authority of a board of directors artificial patent royalties or intellectual property royalties. That's the most common way to carry out transfer pricing. Consi

Finance committee  That's a very good question. Given my field of expertise, I think the observable gap you mentioned can't be strictly analyzed from an accounting perspective. Certainly math is involved, but it's not a matter of just throwing out some numbers. Instead, I think the situation keeps

Finance committee  These are broad issues that should be addressed at a seminar, but I will try to be as brief as possible. There are dozens of lax jurisdictions, and they each have a specialty. Different approaches are taken in Guernesey, Liberia, the Turks and Caicos Islands, and the Marshall I

Finance committee  The question is relevant. A few years ago I prepared a report entitled “Paradis fiscaux: l'aveuglement volontaire du ministère québécois des Finances”, [Tax havens: the willful blindness of the Quebec ministry of finance]. This report said that this expertise you are seeking is r

Finance committee  The people involved will tell you what they're doing is legal. If it's legal, it's because we've turned a blind eye to certain abuses, or we've legalized processes that may suit some of the country's powerful players with strong voices. I want to remind you that, a few years ago

Finance committee  In fact, I am not totally committed to a study that would be limited to what the Canada Revenue Agency can do about that. I am trying to say that the Canada Revenue Agency is one of the vectors that we can use to fight tax havens. So the point is not to discredit the agency but t