Right now, this is a problem in Quebec, Canada and elsewhere in the world. I see the problem, but it is an international problem now. When we made the first tax cut announcements 10 years ago, we were all proud, because we thought Canada was going to be the most tax-competitive country in the world. Now, we are worried about other countries' response. At some stage, some of us will have to get ahead of the issue in order to make more progress on the key issue of tax competition between countries because it has become destructive.
On October 21st, 2014. See this statement in context.