Mr. Speaker, I cannot speak for the finance minister. That was part of my presentation. No matter what the finance minister says, it does not necessarily mean those are the facts.
Regarding tax havens I am not sure what the member was referring to, but I understand that one of the items he was referring to was income trusts. I am not sure what the tax loophole was in income trusts. Income trusts are a vehicle. People or companies were not necessarily using them to avoid income tax.
I know that some members from the NDP chose to take income trusts as being a way to avoid income tax, but in actual fact money earned from income trusts by individuals is actually taxed at a higher rate than revenue generated directly from a corporation, which would be taxed at a lower rate. So I am not sure what the finance minister was talking about.