Mr. Speaker, the decision concerning the deductibility of foreign interest charges, along with the decision on income trusts, should have prevented the flight of income tax revenues from Canada. On the contrary, Canadian companies are being gobbled up by foreign companies that pay income taxes in jurisdictions other than Canada. The action taken in regard to interest deductibility has been described as the worst fiscal policy produced in Ottawa in the last 30 years.
When will the government reverse this disastrous decision? When will the minister decide to really tackle this issue?