Yes, it is a step in the right direction. However, I would like to make two comments about this issue, although I made one of them earlier.
I find that the tax system is sending a mixed message. On the one hand, the investigative measures are extremely tough and restrictive for taxpayers who use tax havens. On the other hand, we have a tax system in place that allows multinationals to use tax havens legally. That is my first comment.
I also have trouble understanding something. Right now, multinationals are in fact able to do business in tax havens without paying taxes anywhere. They pay no taxes in tax havens or in Canada. In this case, how is the government handling the fact that the system has become unfair for the country's small and medium-sized businesses? I cannot figure that out. We hear that this is a step in the right direction, but setting up a tax system for multinationals is no such step. Multinationals actually pay less tax than small and medium-sized businesses.
When I started my career in taxation, that was not the case. Small and medium-sized businesses used to pay much less tax than multinationals.