Madam Speaker, the member will know there are 350,000 foreign companies registered in Panama to take advantage of its tax haven status and the Canadian government has done absolutely nothing to try to get a double taxation avoidance agreement signed with Panama before it proceeds to ratify this agreement.
In February of this year, France took very proactive action. The French government levied a tax of 50% on dividends, interest, royalties and service fees paid to anyone based in France to a beneficiary based in one of the countries on its blacklist. Guess what? Within months, Panama signed a double taxation avoidance agreement with France. That is an example of where we can get results and action.
I would like to know what the member thinks about the government's lack of action, to try to implement a free trade deal with a country and not even try to deal with the issues of a tax haven.