Thank you, Mr. Chair
According to the Office of the Auditor General, in 1990, Canadian businesses repatriated $1.2 billion from tax havens, chiefly from Barbados. Since that time, according to a study by Statistics Canada, there has been an 18% annual increase in Canada of investments in tax havens.
On the assumption that investment growth is more or less the same as profit growth, we estimate that recovered profits in 2007 amounted to some $3.8 billion.
Does this amount correspond to your estimates? If not, how much do you estimate recovered profits from tax havens to be for a current year such as this one or last year?