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Finance committee  Correct.

November 26th, 2014Committee meeting

Ekaterina Ohandjanian

Finance committee  Because the moment you have it in legislative form, if you need to add to it, you can't. There is no more authority. You lose a certain flexibility if you do it that way. This is about an implementation. The core reporting obligation is clear; it is about the threshold you see. T

November 26th, 2014Committee meeting

Ekaterina Ohandjanian

Finance committee  Is the competitive disadvantage concern related to them having to report in Canada but not elsewhere? That would not be a proper reading of the EU rules or the U.S. rules as we had them, because they take a neutral approach to what a payment to a government is. They make no exclu

November 26th, 2014Committee meeting

Ekaterina Ohandjanian

Finance committee  Thank you for your question. The act speaks to the authority of the minister to just set up a framework and then be aligned with international G-7 partners and their approach. The fact that you don't see it expressly in the act does not mean that this is not how it's going to fl

November 26th, 2014Committee meeting

Ekaterina Ohandjanian

Finance committee  It becomes a requirement that is legally enforceable the moment that the minister will specify these requirements. That's why we're working...because the international standard is also emerging. They have general references in the regulations but it doesn't go beyond that. In any

November 26th, 2014Committee meeting

Ekaterina Ohandjanian