Mr. Speaker, in his 1994 budget, the Minister of Finance at that time said, and I quote, “Certain Canadian corporations are not paying an appropriate level of tax. Accordingly, we are taking measures to prevent companies from using foreign affiliates to avoid paying Canadian taxes which are otherwise due”. It was a fine objective that had no effect at all on the current Prime Minister, since he left a door open, that being Barbados.
Will the Prime Minister admit that, because of the loophole he left in place, a loophole tailored to fit his own company, CSL International was able to leave Liberia in 1995 and sail to another tax haven, namely Barbados?