Madam Speaker, I thank my colleague for her reply, but I did not once hear the name of the Swiss bank UBS, which I referred to in my question.
I said that, as part of its scheme in Switzerland, UBS helped rich multimillionaires hide their money from the tax man. In Canada, no one even got a slap on the wrist, whereas in the United States, UBS and the rich Americans who hid their money from the tax man were given harsh penalties.
My question was very simple. I know that my time is almost up, but I will ask the question again. In the specific case of UBS, why did we ignore the information provided by a whistleblower? The result is that only 3,000 Canadians made voluntary disclosures, and none of them were even prosecuted for their illegal activity.