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Results: 181 - 195 of 210
View Diane Lebouthillier Profile
Lib. (QC)
I am going to ask Ms. Juneau to answer your questions and give some comments on that.
View Diane Lebouthillier Profile
Lib. (QC)
Currently, that information cannot be publicly released because it was obtained under a treaty. It is the prerogative of the country sending the information to authorize public release of the information.
View Diane Lebouthillier Profile
Lib. (QC)
Mr. Long, our government takes the matter of privacy protection very seriously. All the information exchanged with the United States is subject to very strict confidentiality rules. The Canada Revenue Agency makes sure that tax cooperation with its partners is fully consistent with the privacy rights in effect in Canada. Information exchange is done electronically, through a dedicated, secure and effective transmission system.
All information that the IRS receives must be kept secret in the same way as information obtained under its own tax laws. All information can only be released to individuals and authorities in the American tax administration and can only be used for tax purposes.
Protecting the confidentiality of all transmissions is a major requirement for the agency. Protecting privacy really is a priority for the agency and for our government.
View Diane Lebouthillier Profile
Lib. (QC)
I will let Mr. Gallivan answer that question.
View Diane Lebouthillier Profile
Lib. (QC)
The financial institutions are aware of this kind of information exchange. I must emphasize that, if the agency had not signed an agreement with FATCA, the information exchange would be done by the banks. The fact that the agency is involved and that agreements have been reached with FATCA, allows us to protect the information even more and to respect confidentiality and privacy.
View Diane Lebouthillier Profile
Lib. (QC)
I must tell you that, clearly, we would have done things differently from the previous government when the time came to get the approval of Parliament. We would not have rushed the agreement into effect by hiding it in an omnibus bill more than 400 pages long. We would have taken the time to explain clearly to Canadians and to Parliament why the agreement was being adopted. We would have taken the time to discuss it in a much more open and transparent manner in order to provide parliamentarians and Canadians with all the information, as is right and proper.
View Diane Lebouthillier Profile
Lib. (QC)
After we had obtained all the information about FATCA, we clearly would still have entered into agreements with the United States. FATCA is an American act. The position that was taken at the time really allowed the Canadian banking system, and Canadians with dual citizenship, to be protected.
View Diane Lebouthillier Profile
Lib. (QC)
The current agreement adequately protects the rights of Canadians. As I mentioned, the action needed would have been more about the process of implementing the agreement with the United States. We would have worked differently by involving all parliamentarians in open and transparent discussions and by providing information that was fair and equitable for all Canadians.
View Diane Lebouthillier Profile
Lib. (QC)
That is true, but I must repeat that the difficulty was much more related to the process. If the process had involved all parliamentarians, we would probably not be here today discussing FATCA.
View Diane Lebouthillier Profile
Lib. (QC)
I think that Ted Gallivan will be able to answer that question.
View Diane Lebouthillier Profile
Lib. (QC)
As I mentioned a little earlier, we clearly would have done things differently in terms of what the previous government did when the time came to have the agreement approved. There would have been discussions in Parliament in which everyone would have been involved.
View Diane Lebouthillier Profile
Lib. (QC)
The NDP is loudly clamouring for measures to fight tax evasion and tax avoidance. However, the automatic exchange of information such as we have with the United States allows us to cross-reference information.
View Diane Lebouthillier Profile
Lib. (QC)
We can also identify inconsistencies in tax avoidance and tax evasion internationally.
Are you telling me that you are against measures that allow us to fight more effectively against tax evasion?
Results: 181 - 195 of 210 | Page: 13 of 14

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