SoVote

Decentralized Democracy

House Hansard - 109

44th Parl. 1st Sess.
October 6, 2022 10:00AM
Context: House Hansard - 109 - Oct/6/22
Mr. Kody Blois
  • Oct/6/22 11:07:23 a.m.
  • Watch
Madam Speaker, I have not had the opportunity to read the report the member is referencing, but I will say that the government has invested in CRA resources to be able to tackle offshore accounts and tax evasion. It has brought in nearly $4 billion of additional revenue. I take notice that there is more work that the government can do in that domain, but these are important elements that we have done concretely. Is there more work to be done? Sure, but we also have to balance that against global competitiveness at the same time. Sometimes the policies of the NDP or the Green Party would just lead to more offshoring of taxes. Just to reference the Laffer curve, if their income taxes or corporate taxes are too high, companies will choose to do business or leave their money elsewhere. That is an element we have to be mindful of when we are devising public policy in the House.
160 words
  • Hear!
  • Rabble!
  • star_border