Thank you, Mr. Chairman.
If I understand correctly, Mr. Lareau, Ms. Alepin and Mr. Weir, each year it is currently estimated that approximately $4 billion worth of profit that returns to Canada from Barbados, is not taxed. We are therefore talking about perhaps $800 million that is not taxed, and this is on top of the tax credits Mr. Lareau just finished talking about. Can you illustrate the impact this may have on tax fairness?
Mr. Hejazi is saying that this is good for the economy. This is a completely amoral approach. This is strictly an economic calculation. Perhaps Mr. Weir has something to add. I'd like to hear your comments on this.
From what I gather, someone who earns $35,000 a year must pay on his salary a substantial amount of taxes to allow companies to earn money elsewhere, without his knowledge. Am I wrong in saying this?