Mr. Speaker, this is a very esoteric topic, and I think it makes sense to talk about tangible examples.
I spent this past weekend in Saskatoon at the Saskatchewan NDP convention. One of the largest companies in that city is Cameco, which mines uranium in the northern part of the province. For many years, it had a contract with its own subsidiary, in Zug, Switzerland, to sell uranium for the rock-bottom price of only $10 per pound. The uranium was not being consumed in Switzerland. The whole point of this arrangement was to transfer profits from Canada to Switzerland, avoiding hundreds of millions of dollars in corporate tax both federally and in the Province of Saskatchewan.
Could the member for Sackville—Preston—Chezzetcook explain to us how Bill C-82 would help to stop companies from engaging in that type of tax avoidance?