Aren't you at all concerned that just as many won't when they come to understand what their friends in Corpco Canada can do to avoid paying their obligations? The percentage of revenue that's derived from corporations in this country has been decreasing relatively steadily over the last number of years. I would think that if governments don't address this issue in some form, the percentage of revenue that will be derived from individual taxpayers is going to continue to rise steadily as a consequence of the fact that big companies can take advantage of these types of things, and the little guy on the street can't.
What's going on in other jurisdictions? Are other jurisdictions just sitting back and saying that everybody else is doing it--this is an argument I've heard from some here--so we should do nothing about it, too?
First, what are other jurisdictions doing to limit the degree to which interest can be deducted and thereby reduce tax revenue on foreign investment? And second, what are they doing in terms of the repatriation aspects of this as to the tax-free repatriation of the money? Are other jurisdictions doing something in respect of these two issues?