Mr. Speaker, our government is fully committed to combatting tax evasion and aggressive tax avoidance. After all, it was our government that invested nearly $1 billion in the last two budgets.
The Canada Revenue Agency is now able to assess the risk of all large multinational corporations annually. Every year, it reviews every transaction over $10,000 in four regions that are deemed high-risk. The first two are the Isle of Man and Guernsey.
As far as offshore compliance is concerned, as of December 31, 2017, the CRA had audited more than 1,090 taxpayers—