Mr. Speaker, the last budget, with interest deductibility, just succeeded in killing that appetite.
I will quote from the budget. The budget proposes to “eliminate the deductibility of interest incurred to invest in business operations abroad”. I know he is trying to rewrite history, but the budget bans not just double-dip deductibility, not just tax haven deductibility but all deductibility.
The minister is so out of his depth. Does he know the difference between tax double-dip and the double-dip ice cream cone one picks up at the Dairy Queen?