Mr. Speaker, I find it outrageous that breaking the law should be tax deductible for any taxpayer, personal or corporate. Yet we continue to allow companies to write off fines as a business expense. Presumably Acres International will be able to write off the fine it just got for bribing the Government of Lesotho.
I ask the government, what possible justification could there be for continuing to allow businesses to deduct fines and penalties as tax write-offs?