Mr. Speaker, I am not an expert on the Granada situation, but I do know that Canadians and Canadian companies can funnel their profits through other countries that have very low tax regimes. There is the example I just gave. Here we have a company that puts its profits through Luxembourg, where it has a part-time consultant staffer and can report that profit as being made in Luxembourg, and the company is avoiding $690 million in Canadian taxes. It does pay $80 million or something to Luxembourg, but Canada is losing $690 million. That is not some shady thing. It is legal, because the company went to CRA beforehand and got a signed letter saying that it was okay. This is where that has to stop.
I am not a tax lawyer. I do not know how these things work, but that is wrong, and we have to fix it. All the talk about how much CRA is working to go after the little fish in Canada and after the small businesses is really annoying to most Canadians. They want the big fish caught, and they want to see that money stay here in Canada where it can be put to good use.