Mr. Speaker, documents in my hand, which I have obtained, show that the finance minister's billion dollar company, Morneau Shepell, has registered its subsidiary in Barbados, which Oxfam lists as one of the 15 top tax havens in the world. Because of the Canada-Barbados tax treaty, companies pay virtually no tax at all on profits they ship back to Canada.
The finance minister's plan to target rich tax evaders goes after family farms and local businesses, but does nothing about tax havens like Barbados. Why?