Mr. Speaker, again, as the hon. member knows, in our Budget, we largely followed the Auditor General's recommendations. As for tax havens, we eliminated most of them, but some remain. We live in an interdependent global economy; Canadian companies do business outside Canada and we do not want to put them in a position where they cannot compete with companies in other countries.
In the House of Commons on May 11th, 1994. See this statement in context.