Mr. Speaker, Liechtenstein, Switzerland, Luxembourg, Isle of Man, Panama, and now the Bahamas are all tax havens that are protecting bank secrecy and where creating a company is really a farce that facilitates tax evasion.
Senator Eaton learned this the hard way. She was a director on the board of a company in the Bahamas for 12 years without even knowing it. Canada is complicit in this situation because it has signed pseudo-treaties that legitimize tax havens.
When will the government finally start taking tax havens seriously?