Mr. Speaker, today we are debating a bill that discusses trusts among other things. There was also the statement by the Minister of Finance this morning concerning tax havens, although he seems interested in only one aspect. And any impact is going to get buried in the work of an advisory panel.
Does my colleague not think that now the government should not only pass this bill, but also conduct a real investigation and take concrete action to eliminate tax havens? For example, the treaty with Barbados allows approximately $4 billion in profits into Canada every year tax free. But if this money were taxed—as is usually the case with tax treaties—there would be $800 million in taxes that would not have to come out of the pockets of the middle class and all taxpayers.