Mr. Speaker, I do not want to give my colleague a lesson on economics, but, considering the net profit the banks are making right now, I think we can agree that they are benefiting greatly from inflation.
The increase in interest rates may provide some relief, but we are a long way from any solutions. My money is invested through Mouvement Desjardins, a co-operative, because I believe that is the best way to reinvest money in a society.
There are financial solutions. I would like to see the government actually tackle tax havens. There is money in tax havens and money in the oil companies' profits. Why not institute a minimum global tax?
The G7 finance ministers met in London in June 2021 and announced an unprecedented agreement on a 15% global tax rate. This would allow for better distribution of tax revenues from multinational corporations, including the big, often American, tech companies that pay a pittance in taxes, despite making massive profits, by having their headquarters in countries with very low or no corporate tax rates.
These are the Bloc Québécois's ideas.