Thank you, Mr. Chair.
I would like to look at the question of country of residence and the possibility of bringing offshore profits back to Canada. An investigative journalist who came before the committee told us that shipping companies claim to run their business from Barbados so that they can then bring their tax-free profits back to Canada. But if you go there, you find nothing but a little desk in a law office. You can see right away that no real decision-making is done in Barbados.
Since this is the current situation, is it because of a legal loophole or is it because the law is not being enforced? Mr. Brown or Mr. Larin can answer.
Does the law presently allow profits from a company located in Barbados to be brought into Canada, even if that company is nothing more than a straw entity, an empty shell?
Did you hear the question, Mr. Brown?