Mr. Speaker, I was interested in my colleague's comments on the peculiar choice for a bilateral trade agreement with that particular country given that it is one of the world's worst and most well-known tax havens where tax fugitives go to stash their money so it is free from the reach of the tax man.
I was shocked to learn that over 400,000 corporations are registered in tiny Panama, which is actually four times the total number of corporations in all of Canada.
Would the member care to comment on the idea of tax fugitives using what they call tax-motivated expatriation to avoid the reach of the Canadian tax authorities and so that they do not need to pay their fair share? Why is the government encouraging any involvement with a country that has that kind of a reputation and record?