Mr. Speaker, I agree with my hon. colleague, especially in light of what we saw from the previous prime minister in taking advantage of that particular tax loophole. Obviously it was not the best way that Canadians like to see companies do business. I am willing to explore the idea of ensuring that contracts are done openly and transparently and given to the best people who are applying for those contracts with the federal government.
I think the member's question speaks to a bigger issue that we have to address, and I think this government has already taken a step to address it. That issue is the overall tax burdens that Canadians and business have been facing in this country for years and years. The only reason many of these companies look at ways to shelter their incomes and to move them offshore is that clearly we have had a regime in this country that has had very strict and very high levels of tax on businesses. That has affected competition, their ability to invest and their ability to actually look at ways to hide that income in other places.
I think we have moved in the right direction. We have to lower those tax levels. We have done so in this budget. We hope to continue down that track to keep our economy competitive and to stop that process of people looking at putting their money overseas.