Mr. Speaker, I would like to thank the member for Calgary Shepard for bringing up the challenge posed by intellectual property, where it is very difficult for tax authorities to determine where it is located and how much it is worth. Now, there is a potential solution to that, which is called “formulary apportionment”, essentially allocating a company's profits based on the actual location of its sales and payrolls. We are familiar with the system in Canada because the Canada Revenue Agency does not allow companies to move their profits around between provinces based on transfer pricing. It actually requires them to allocate their Canadian profits based on where they actually employ people and sell their goods and services.
Since we are talking about an attempt at international co-operation through Bill C-82, does the member for Calgary Shepard see prospects to apply formulary apportionment at the international level?