Mr. Speaker, the purpose of international tax treaties is to ensure that on a global basis international corporations pay their full and fair share of tax.
In the case of international shipping companies, they earn their revenue clearly in a place where it is not possible to tax and that is on the high seas. Therefore we have tax treaties to make sure the tax can be collected in a fair way. It is necessary to review those treaties on an ongoing basis to make sure they are fair. The United States is doing that and so is Canada.