Madam Speaker, on December 7, 2015, the markets learned that at the end of that year, the rate of taxation on the highest earners would go up to 33%. As a result, many started to sell their shares before the rate went up so that their capital gains would be realized before the change in the tax rate. As a result, in the week following that December 7 announcement, the stock market dropped by 5%.
Did the finance minister anticipate this reaction?