Mr. Speaker, I would like to ask my colleague if he agrees with me about one of the major shortcomings in this bill, with its many hundreds of pages, and in the previous one. I am talking about strengthening tools to better combat the use of tax havens.
Fraudsters are doing things that are against the law, and not enough investigations are being carried out or charges being laid. The big problem is the legal use of tax havens. Because of two regulations in section 5907 of the Income Tax Regulations, multinationals and big corporations can transfer their money to tax havens to dodge their tax obligations and pay no tax in Canada.
My colleague talks about the cost of living going up because of rising taxes. Meanwhile, those who have the means to contribute more use tax havens to avoid doing so. There is nothing about this in the last budget or the budget implementation bill.
Shouldn't the Liberal government be doing something about it?