You know, Mr. Speaker, this issue of interest deductibility and tax havens has been discussed here for many years, by the Auditor General in 1992 and 2002. I am sure the Leader of the Opposition can remember because he was a member of cabinet in 1997 when the Mintz committee was appointed by his government, which recommended this change, but the Liberals did not get the job done. They permitted the tax havens like the Barbados to continue.
Even then the member for Kings—Hants said under the Liberal government that the Mintz report had collected a lot of dust and the government would do well to implement its recommendations.