Mr. Speaker, I thank my hon. colleague for mentioning my recent appointment. I am very excited to be in this role.
Let me start with the point about young people. What young people want as they graduate and get new jobs is stability and fairness in the tax system, just like anyone else. What businesses want is confidence in the tax system and the ability to compete globally and not be uncompetitive because of unfair profit shifting in other jurisdictions or base erosion through treaty shopping.
This legislation was introduced in 2014. Why did the previous government not enact it? It would be good news for Canadians, because it would ensure that our tax system was fair and ensure that we had the resources to spend on the programs that actually grow the economy.
In regard to competitiveness, the Minister of Finance pointed out yesterday that we have had 8% growth, over the last six consecutive quarters, in business investment. Our plan is working. This would ensure that our system remained fair and competitive for businesses.