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Results: 1 - 8 of 8
View Sébastien Lemire Profile
BQ (QC)
Thank you for this very pertinent information.
Do you think our current law is strong enough to protect us from investments by countries that are tax havens?
Mitch Davies
View Mitch Davies Profile
Mitch Davies
2020-06-18 16:09
Madam Chair, I would simply say that the law encompasses the national security review process and obviously a net benefit review. Of course, it's one statute. There are many statutes, as well as the Income Tax Act, which of course is directly aimed at the question of collecting the revenues that are due and payable to the Government of Canada. Any measures taken to contravene that are a matter under another law.
I guess that would be the most straightforward answer to the question of the member.
View Gord Johns Profile
NDP (BC)
Thank you very much.
Denmark and Poland have decided to not give any of their emergency rollout to any company that has offices or is set up with tax havens around the world. Is this something you're looking at? Are you going to have the same application here in Canada?
Paul Thompson
View Paul Thompson Profile
Paul Thompson
2020-04-23 12:43
That's something I'd have to take under advisement and follow up.
View Gord Johns Profile
NDP (BC)
Are you looking at that? I'm just asking. Are you currently looking at that?
Paul Thompson
View Paul Thompson Profile
Paul Thompson
2020-04-23 12:43
I would have to speak with the Crown agencies that are responsible for the lending decisions on that.
View Gord Johns Profile
NDP (BC)
I hope that's not a bunch more debt for tenants and landlords. What are the banks going to do in eating interest and coming up with their share?
I want to go back to what the Danish and Polish governments are doing. They're making sure their government doesn't provide aid to companies that register in tax havens, pay out dividends or buy back their shares.
Is the Liberal government asking you to look into making sure that all aid stays in Canada and goes to the people in our country who need it?
Paul Thompson
View Paul Thompson Profile
Paul Thompson
2020-04-23 13:12
I repeat my earlier answer that we're going to take that under advisement, and I'd have to pursue that with the Crown agencies that are more directly involved in the lending and the Department of Finance. I unfortunately don't have an answer to that question at present.
Results: 1 - 8 of 8

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