Mr. Speaker, as of December 31, 2020, Bermuda, the Cayman Islands, and the British Virgin Islands will have to publicly declare the identity of the owners of companies that are registered there.
That is what British MPs had the courage to vote in last Tuesday in an effort to increase transparency to combat tax havens. In the meantime, Canada talks the talk, but continues to sit on the sidelines watching the parade go by. In fact, Canada is at the back of the pack of the G20 when it comes to financial transparency.
Will the Prime Minister follow the U.K.'s example and tighten the rules on the registration of companies in Canada as the first step in combatting tax havens?