FINA Committee Meeting

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MINUTES OF PROCEEDINGS

Meeting No. 82

Thursday, May 10, 2007

The Standing Committee on Finance met in a televised session at 11:12 a.m. this day, in Room 237-C, Centre Block, the Chair, Brian Pallister, presiding.

Members of the Committee present: Diane Ablonczy, Dean Del Mastro, Rick Dykstra, Hon. John McCallum, Massimo Pacetti, Brian Pallister, Thierry St-Cyr, Hon. Robert Thibault and Judy Wasylycia-Leis.

Acting Members present: Robert Carrier for Paul Crête and Hon. Shawn Murphy for Hon. John McKay.

In attendance: Library of Parliament: June Dewetering, Principal Analyst ; Alexandre Laurin, Analyst.

Witnesses: Price Waterhouse Coopers: Nick Pantaleo, Partner. Osler, Hoskin & Harcourt: Robert Raizenne. University of Michigan: James R. Hines JR., Richard A. Musgrave Collegiate Professor of Economics and Professor of Law. University of Toronto: Roger Martin, Dean, Rotman School of Management. C.D. Howe Institute: Finn Poschmann, Director of Research.

Pursuant to Standing Order 108(2), the Committee resumed its briefing on tax havens and tax avoidance.

The witnesses made statements and answered questions.

At 12:38, the sitting was suspended.

At 12:40, the Committee resumed sitting in camera.

The Committee proceeded to the consideration of matters related to Committee business.

It was agreed, — That, during its consideration of matters pursuant to Standing Order 83.1, the Chair seek the permission of the House to adjourn from place to place within Canada and to permit the broadcasting of its proceedings thereon, and that the necessary staff do accompany the Committee.

It was agreed, — That the Western travel budget in the amount of $ 155,567 be adopted and that the Chair seek the necessary funds from the Liaison Committee at the earliest opportunity.

It was agreed, — That the Eastern travel budget in the amount of $ 136,429 be adopted and that the Chair seek the necessary funds from the Liaison Committee at the earliest oportunity.

It was agreed, — That the Iqaluit travel budget in the amount of $ 84,208 be adopted and that the Chair seek the necessary funds from the Liaison Committee at the earliest opportunity.

It was agreed, — That the operational budget in the amount of $ 41,500 be adopted and that the Chair seek the necessary funds from the Liaison Committee at the earliest opportunity.

It was agreed, — That, during its consideration of matters pursuant to the Study on Tax Havens and Tax avoidance, that the budget in the amount of $12,450 be adopted.

At 12:50 p.m., the Committee adjourned to the call of the Chair.

Elizabeth B. Kingston
Clerk of the Committee

2007/05/10 4:13 p.m.