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Finance committee  Let me go more to a big picture, because I'm worried about this, as I've already mentioned in my opening comments. Nobody is talking about it in this country hardly at all, except David Dodge, I think, and a few other people like that. We are seeing a decline in business capita

September 21st, 2023Committee meeting

Dr. Ian Lee

Finance committee  Thank you. I'm sure you all know taxation has been studied by scholars and practitioners going back literally into the Middle Ages and going back to the government of England. It was the original instrument of government policies long before other, more sophisticated instrument

September 21st, 2023Committee meeting

Dr. Ian Lee

Finance committee  Thank you, Mr. Chair and members. Here are my disclosures. First, I do not belong to or donate money to any political party, or allow lawn signs during federal, provincial or municipal elections. Second, I was mortgage manager of the fourth-largest BMO branch in Canada—the Otta

September 21st, 2023Committee meeting

Dr. Ian Lee

Industry committee  I can't add to that. I agree completely.

May 3rd, 2023Committee meeting

Dr. Ian Lee

Industry committee  I agree with what you just said, that you're going to lose that and that more voices are better than a single, solitary voice. The larger issue with SOEs—I've made a very similar argument for years, similar to Jack Mintz—is that it's unfair competition. It's not a level playing

May 3rd, 2023Committee meeting

Dr. Ian Lee

Industry committee  I agree with you. By the way, if I can just give a sidebar, the United States is as attractive as it is because it is seen—and you know this as a former CEO—as having the most risk-free rate of return in the world. In other words—and I heard this when I was teaching in Russia, i

May 3rd, 2023Committee meeting

Dr. Ian Lee

Industry committee  Can I just respond to that quickly?

May 3rd, 2023Committee meeting

Dr. Ian Lee

Industry committee  Thank you, Mr. Lemire. I was glad you asked that question, because I'm obviously a lot older than you are, so I have memories going back to the Cold War. I'm bringing that up because I'm in this debate group with some friends of mine, and academia out in the business world is de

May 3rd, 2023Committee meeting

Dr. Ian Lee

Industry committee  If you're asking me, I will be very quick, because I know the other two and I want to hear them. I'm not worried about protecting critical minerals from the Germans or the Americans. I'm not. I keep saying there are two animals in this bill. There's the national security animal,

May 3rd, 2023Committee meeting

Dr. Ian Lee

Industry committee  Thank you. Yes, I think it probably will. I'm saying that with hesitation, because it's mixed up in this instance. There's national security mixed up with net benefit. As I keep saying, these are two very different animals. The animal I'm much more familiar with is net benefit,

May 3rd, 2023Committee meeting

Dr. Ian Lee

Industry committee  Can I jump in on that very quickly? Dr. Leblond brought this up earlier and I was really itching to jump in. He brought up something very important that he talked about in his last appearance, and I'm going to use slightly different language to say the same thing. What he was t

May 3rd, 2023Committee meeting

Dr. Ian Lee

Industry committee  Yes. Pardon me for invoking academic theory from time to time, but Einstein said theory can very practical. Porter talked about this in his idea of cluster theory. It's had a huge impact at the United Nations. Developing countries have taken very it seriously. It's the idea tha

May 3rd, 2023Committee meeting

Dr. Ian Lee

Industry committee  You can go first, Mr. Bruce, but I will add.

May 3rd, 2023Committee meeting

Dr. Ian Lee

Industry committee  I'll add to that very quickly. I'm not one of those people who think we should ban all Chinese investment. I hope the Chinese import a lot of LNG from Canada so that they can reduce their dependence on coal as the number one emitter of GHGs in the world. I'm not going to be unha

May 3rd, 2023Committee meeting

Dr. Ian Lee

Industry committee  I'll defer to Mr. Bruce on that.

May 3rd, 2023Committee meeting

Dr. Ian Lee