Thank you very much, Madam Chair.
Thank you for your presentation, Mr. Deneault. It was very enlightening.
If I understand you correctly regarding the various costs you spoke about, including the social costs and the various effects of tax havens, to a certain extent, we may be able to adjust our policies and standards to compete with the tax sector allowed in tax havens. That is more or less what you meant.
Regulation 5907(1) of the Income Tax Regulations allows for the elimination of double taxation. A quick interpretation would tell us that the government drafted legislative provisions that contradict the spirit of its law.
Does that reinforce what you are saying in some way? Do you have any other examples of government regulations that contribute to this situation, where we may be adjusting our policies to suit the interests of tax havens?