Mr. Speaker, in his first budget speech the former finance minister said:
Certain Canadian corporations are not paying an appropriate level of tax. Accordingly, we are taking measures to prevent Canadian-based companies from using foreign affiliates to avoid paying Canadian taxes.
The former finance minister conveniently failed to close the loopholes that help the flags of convenience.
Will the current finance minister move now to close the tax loopholes used by companies like Canada Steamship Lines from paying their fair share of Canadian taxes?