Mr. Speaker, the member talks as if nothing has occurred since 1994. I would like to refresh her memory.
First, in 1995 the government took steps to deal with the anti-avoidance rules of shifting passive income to foreign jurisdictions.
Second, in 1996 foreign reporting requirements were implemented to provide better law enforcement.
In 1997 the transfer pricing rules were improved to counter the potential for cross-border shifting of income.
In 2002 revised rules relating to foreign investment entities and non-resident trusts were proposed to help protect the Canadian tax base.
As the member knows, there are 1,700 companies in Barbados. We have 79 tax treaties. I assume the NDP wants us to rip up all of those tax treaties. She knows that we believe in a fair taxation system. We make sure there is no avoidance.
However In this case the member is suggesting to the House that somehow the government has stood still. In fact, we continue to have ongoing discussions with Barbados and other countries. I would ask the member to reply as to how she considers this to be standing still.