Mr. Speaker, chartered accountants call it “tax motivated expatriation”. We call it “sleazy, tax cheating loopholes” and it is appalling.
I read a five-part series by Diane Francis in the National Post, not exactly a right-wing rag, that denounced and decried the federal government for allowing tax loopholes to exist where wealthy Canadian families and wealthy Canadian CEOs of corporations can be tax fugitives and avoid the arm of the Canada Revenue Agency. They do not have to pay their fair share which means we have to pay more. Even a right-wing journalist like Diane Francis says it should not be allowed.
The Conservatives not only turn a blind eye to it, but they ratify, endorse and legitimize it by entering into a trade agreement with a country that makes its living by sheltering drug money and offering tax havens for tax fugitives like members of the Canadian Council of Chief Executives headed by John Manley, the rich guys.