Mr. Chair, what I can say is that the Canadian tax system contains rules to ensure that Canadian corporations do not escape their tax obligations here by shifting Canadian-source income to low-tax countries. I clearly do not know about every business investment into every other country, but we do have rules that make sure that a Canadian corporation could not avoid paying taxes in Canada on investment income simply by moving passive assets abroad. Such income would continue to be taxed in Canada, even if earned abroad.
I am happy to have more information for the member on our approach internationally.