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Results: 76 - 90 of 179
View Richard Cannings Profile
NDP (BC)
Mr. Chair, Canadians have seen companies get bailouts and then move their operations and jobs out of the country. Can the Deputy Prime Minister guarantee that money going to help major corporations will actually benefit the workers here in Canada?
I think Canadian workers would be much happier if they knew that big companies getting public dollars actually pay their fair share of taxes, so can you assure us of that?
View Chrystia Freeland Profile
Lib. (ON)
Thanks for that reminder, Mr. Chair. I should also say happy birthday. Buon compleanno.
It is easy to forget to respond through the chair when we see each other so intimately on video, so no problem.
Look, I really want to thank the honourable member for that very important question. Let me assure him, through you, Mr. Chair, that our government is absolutely focused on ensuring that our support for the Canadian economy is designed to support Canadian workers. Sometimes that does mean supporting Canadian companies, but I want to assure the member opposite that we will put every measure in place that we can to ensure that this support does what it's designed to do.
View Jagmeet Singh Profile
NDP (BC)
Mr. Chair, we know the PBO has said that $25 billion, at least, is being lost to our revenues because corporations are avoiding paying their fair share.
Will the Prime Minister commit today very clearly that if a company is hiding its money by putting it in an offshore tax haven, that company will not receive public help, yes or no?
View Bill Morneau Profile
Lib. (ON)
Mr. Chair, again with regard to this program, we want to be very clear that the support that goes to large businesses actually supports their Canadian enterprises and their Canadian employees. In that regard, we will not allow any company that has been convicted of tax evasion to have access to these funds, and we will carefully evaluate on an ongoing basis to make sure that companies remain eligible for this support based on their continuing investment in Canada.
View Jagmeet Singh Profile
NDP (BC)
Mr. Chair, not a single company. We are four years past the Panama papers and there hasn't been a single conviction.
Those are simply fancy Liberal words saying that a company that has been convicted of tax evasion.... There are simply no companies that this government can give as an example.
Why don't we follow what France has done and commit very clearly, not in Liberal fancy words but straight up, if a company is hiding its money by using offshore tax havens, it will not get public help. Will the minister commit to that right now?
View Bill Morneau Profile
Lib. (ON)
Mr. Chair, we've been working with France and other countries to make these rules stricter for businesses. The process around the common reporting standard and the base erosion profit shifting has made it more difficult for firms to move money into tax havens, and it has ensured that we have transparency in seeing when they do so.
We'll continue to do that hard work to make sure that businesses abide by the rules and pay their appropriate part of taxes in our country.
View Jagmeet Singh Profile
NDP (BC)
Mr. Chair, let's talk about hard work. If a company is not convicted of tax evasion, but is putting its money in Barbados or Bermuda, for example, specifically to avoid paying taxes—and we have a similar example of Loblaws doing something like this—will that company, despite not having a conviction, but clearly having avoided paying their fair share by putting their money in an offshore tax haven, receive help, yes or no?
View Bill Morneau Profile
Lib. (ON)
Mr. Chair, I'd suggest that the member be very careful in accusing companies of wrongdoing. We have a country that respects international rules. We allow our companies to trade and do business around the world. That continues to be important, and that supports Canadian jobs.
At the same time, we're trying to make sure those international rules work and get tighter. That's what we've been working on. We'll continue to do that because we know it's important that we can work internationally. It's important that companies pay their fair share here in Canada.
View Peter Julian Profile
NDP (BC)
Thank you very much, Mr. Chair.
My question is for Mr. Ricard.
When I look at the reports presented by the Office of the Auditor General of Canada over the years, I see references to a lack of transparency on the part of web giants. You also touched on the subject of tax havens.
As we know, Canada is missing out on tens of billions of dollars that should be part of the common good of Canadians.
What can you suggest to help us create a fair tax system?
Ultra rich web giants and large corporations that make huge profits invest in tax havens. They take their profits out of the country to avoid paying taxes.
In the context of COVID-19, how can we stop this from happening? We could use those financial resources to get out of the pandemic and the resulting economic crisis that goes with it.
Sylvain Ricard
View Sylvain Ricard Profile
Sylvain Ricard
2020-05-12 18:15
I'm inclined to first say that there's a very important audit to be done just on that topic.
As part of the audits we need to do right now in the context of COVID-19 and infrastructure, I'm not sure how much we'll be able to look at that aspect. Those are obviously areas where we would expect the Canada Revenue Agency, for example, to play its part in ensuring that everything is being done properly.
Obviously, this must be done in accordance with the existing tax laws. I'm sure you understand that I can't comment on that, as those are policy decisions. However, since a legislative framework regarding taxation exists in Canada, it's absolutely crucial that the comprehensiveness of the tax base be protected and that the players involved play their parts.
Considering the scope and complexity of the matter, right now I can't commit to auditing that thoroughly in the present context, but obviously, it's important.
View Gabriel Ste-Marie Profile
BQ (QC)
Mr. Chair, yesterday, the Prime Minister announced the large employer emergency financing facility. That's good.
What's even better is that he announced that the loans would be tied to conditions. One of those conditions forces companies not to resort to tax evasion or tax avoidance through tax havens. Excellent!
Unfortunately, I quickly became disillusioned because it is more about abusive tax evasion and avoidance. Basically, we're talking about fraudsters. There are no conditions that would allow us to tighten the screws on profiteers.
Companies that legally take advantage of tax havens to avoid paying their taxes will have access to the large employer emergency financing facility.
Why does the Prime Minister continue to support the profiteers?
View Justin Trudeau Profile
Lib. (QC)
Mr. Chair, we will always be there to counter tax evasion and tax avoidance. It's a priority of our government. There is no tolerance for tax evasion and tax avoidance.
In the current situation, our priority is to help workers across the country who could lose their jobs or who have lost their jobs. That's why we are introducing measures that support workers, who will continue to be our priority.
View Gabriel Ste-Marie Profile
BQ (QC)
Mr. Chair, I'm delighted to hear the Prime Minister say that there's no tolerance for tax avoidance. The problem is that his remarks don't reflect reality.
Tax avoidance is the legal use of tax havens. The five big Bay Street banks benefit from this, as do the big multinationals. It's time to tighten the screws on these companies. They have to pay their share.
Will the Prime Minister and his government outlaw what is immoral?
View Justin Trudeau Profile
Lib. (QC)
Mr. Chair, when we announced the large employer emergency funding facility, we recognized that those who wanted to receive tax dollars had to have paid their fair share of taxes. That's why we're putting in place measures to carefully assess the tax structures of these businesses before we loan money to them.
Results: 76 - 90 of 179 | Page: 6 of 12

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