I would simply say that the double taxation treaty with Barbados is not a mistake of the past, but a mistake being made every day. Every day, we are repeating the same mistake. Some day, we have to put an end to it. It is a contemporary problem. This agreement is still a problem today since Barbados is the country with the second highest level of investment by Canadian companies.
In terms of the tax losses measure, I mentioned just now a sociological method that I think is complementary to an arithmetic approach. This method consists of seeing to what extent the problem is exponential and immeasurable. The more tax havens attract capital from Canadian companies legally, or from individual wealth holders illegally, and the more we tend to scale back the corporate tax rate, the less adequately public areas are financed and the more debt and service charges increase. If we really want to take a nuanced approach to address these complex issues, we will have to incorporate the sociological considerations. That is what I am advocating.