Thank you, Mr. Chair.
In an interview with Gérald Fillion, tax expert André Lareau, who specializes in tax havens, pointed out that $350 billion Canadian is parked in just 12 tax havens. Companies are using tax havens for financing, operations and intellectual property activities. Mr. Lareau also notes that the government is aware that all of this Canadian money is stashed in tax havens but is doing nothing about it. He said that it's time for Canada to tackle the problem given that it has a $250-billion deficit, and that if it doesn't act now to change things, it never will.
Is the government going to seize this opportunity to outlaw the corporate use of tax havens?