Mr. Speaker, I have a question for the hon. member. He seems to know a lot about the tax haven situation.
Let us take the example of a Canadian corporation that has direct operations in Europe, and the tax for the corporation is roughly 25%. If this income came directly to Canada, would it be taxed here, in Canada, or at the rate of 25%? If the European corporation had a corporation in Barbados and then the income came to Canada—from Europe, through Barbados on to Canada—would the tax rate be 25%, or the rate in effect in Canada?
If the hon. member can answer that question I will continue to discuss this with him.