Mr. Speaker, according to the CBC:
Part of the draw is Barbados's corporate tax rate of between one and 2.5 per cent. And once that modest amount is paid, thanks to the 1980 tax treaty any leftover profits earned at a subsidiary based or linked to there can be brought back to Canada tax-free.
When the finance minister launched his crusade to target tax cheats, he only went after plumbers and pizza shop owners and farmers, but did nothing about this Barbados loophole. Why?