Mr. Speaker, I would say more generally that this is a multilateral instrument and that this is actually good for developed countries, particularly the OECD countries, which do have a problem of, basically, jurisdiction shopping for the best tax-related policies. Again, there is some shifting of profits to areas that we do not have tax agreements with. Again, this is part of the developed world's attempt to modernize language in an efficient way and to also counter where some companies will simply shift profits outside the developed world and take them to places that have very low or no tax areas. Particularly if those monies were made in the developed world and consumed in the developed world, there should be taxes paid on them.
However, there are only a few multinational companies that probably have the sophistication to be able to do this kind of forum shopping. Whether that happens completely in Canada, I would argue probably, considering we hear so many concerns in the United States that multinationals are seeing their monies shifted outside the United States.
I also would simply suggest for the member that if we look at the tax reform proposals put forward by the American administration, that is lighting the U.S. economy on fire. It is not BEPS that is bringing the money home; it is the fact that they are competing and they have changed their laws to reflect the fact that they must remain competitive. That is the most important thing, and I hope the member and the government keep that in mind.