Mr. Speaker, the member across the way is not only a member of the governing party, but he is also a minister who can do something about these tax avoidance vehicles.
I think we are going to be in favour of it. It is a 500 page document that is quite complex from what I make of it. I read a bit of it. I am in favour of it, but I will have to see if I am in favour of it after second reading.
The government has other ways in which it can handle tax avoidance and it has not done anything. There are four or five pages that talk about international tax treaties and ways in which the government wants to address international investment, but it is not doing anything to attract international investment. It is not going to attract any additional revenue from people who are avoiding tax.
There is nothing in the budget to address tax avoidance. If anything, it is going to hurt even more. The legislation the government opposite is going to table regarding income trusts is actually going to encourage foreign entities to come into Canada, pick up our energy trusts at a discount price, and write off all the investment related to those income trusts, especially in the energy sector, and not pay tax on them.
I would like the minister to tell me which party is for tax avoidance.