Thank you.
In your report in 2002 you talked about double-dipping strategies. I want to quote you for a second:
Double-dip financing structures encourage foreign-based multinationals to shift debt into Canada from a country with lower tax rates. However, to get the two interest deductions—one in Canada and one in a foreign jurisdiction—the investment and related jobs must be located outside Canada.
I have two questions related to the quote. First, can you provide a practical example of how that would work? And second, do you believe that's still the case five years after the report? Is it still widespread?