Mr. Speaker, I think the best way to do that is to have a transparent approach. The process should be public, and the information should be available to Canadians.
We have 94 conventions. Every one of them should indicate the foreign corporate tax rate in the country in question. There should be absolute transparency, and that information should be updated every year. If countries change their tax rates significantly, Canada and Canadians will know about it. If necessary, we can change or repeal tax conventions that start to be abused. I think that is the best approach to oversight.
We can talk about other approaches, but I think the easiest way to keep track of things is to make the information public. We should be open and transparent about countries' tax rates. Finance Canada should keep that information up to date and take it into consideration.