Thank you, Mr. Chair.
Mr. Adams, earlier you gave an excellent description of how funds are transferred to Barbados and then how they are returned.
If regulation 5907 were abolished, would profits be taxed automatically on their return?
Paul Crête Bloc Montmagny—L'Islet—Kamouraska—Rivière-du-Loup, QC
Thank you, Mr. Chair.
Mr. Adams, earlier you gave an excellent description of how funds are transferred to Barbados and then how they are returned.
If regulation 5907 were abolished, would profits be taxed automatically on their return?
See context to find out what was said next.