Mr. Speaker, the Auditor General says in the report tabled today that it may cost Canadian taxpayers another $1.2 billion in income tax revenues lost in the resource sector and the petroleum and mining industries.
Here is a case that was mentioned by the Auditor General. After 14 years of dispute, litigation, negotiation and discussion, there is still no consensus on how the profits of these corporations should be calculated.
How does the minister intend to end this judicial saga, which has already cost Canadian taxpayers a great deal, recover the amounts outstanding, and plug these expensive tax loopholes once and for all?