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Decentralized Democracy

House Hansard - 109

44th Parl. 1st Sess.
October 6, 2022 10:00AM
Context: House Hansard - 109 - Oct/6/22
Mrs. Julie Vignola
  • Oct/6/22 1:05:39 p.m.
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Madam Speaker, towards the end of his speech, my colleague talked about the measures put in place to combat tax havens and how much they cost. According to the Minister of National Revenue, those measures cost $1 billion. If a measure is to be cost-effective, it typically has to yield at least as much as it cost, if not more, within three to five years. To what extent have these measures paid for themselves so far, knowing that Quebec has managed to do better with a smaller investment?
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Context: House Hansard - 109 - Oct/6/22
Mr. Martin Champoux (Drummond, BQ)
  • Oct/6/22 1:21:05 p.m.
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Madam Speaker, I congratulate my colleague from North Island—Powell River on her excellent, empathetic and sensitive speech. I completely agree on the issue of fairness and sensitivity to the populations or regions that are having a tougher time. I also think it is important to hold big corporations accountable and make them pay their fair share of tax. This government is doing nothing to eliminate or correct the problem of tax avoidance and tax havens. In 2019, we lost $381 billion to 12 tax havens. That is more than one-third of Canadian investments abroad. Does the member not agree that it is good to bring in measures to help those who are struggling the most, but that we really need to stop big corporations from profiting from tax avoidance and these tax havens?
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