Mr. Speaker, I hope I was clear in my remarks. That is exactly what the bill may accomplish in creating a more efficient and effective way to deal with the multitude of tax treaties that we have.
However, I will return to the broader point that an erosion of the tax base is happening as capital is fleeing Canada under the anti-business, anti-energy policies of the current government. That has to be addressed, but it cannot be dealt with solely by closing loopholes that allow sophisticated multinational businesses to avoid taxes.