Mr. Speaker, tax motivated expatriation is the polite way of putting it when tax fugitives hide their earnings offshore in tax havens to avoid paying Canadian taxes. We call it something different. We call it a sleazy, tax cheating loophole, and we want it stopped.
The NDP is furious that Canadian companies are allowed to set up dummy companies offshore in Barbados and avoid paying their fair share of Canadian taxes.
If the government will not plug this outrageous tax loophole, at the very least it should stop allowing these tax fugitive companies to bid on Canadian government contracts. At the very least, these companies should be blacklisted as the traitors and economic treason perpetrators that they are. They should not be allowed to bid on Canadian government contracts until they repatriate their companies and pay their fair share of taxes in Canada.
These companies should be proud to pay their taxes in this country. We can all think back to the not too distant past when the prime minister of this country was exploiting one--