Speech (committee meeting)

{
    "time": "2012-10-24 15:50:00",
    "attribution": {
        "en": "Ms. Barbara Amsden",
        "fr": ""
    },
    "content": {
        "en": "<p data-HoCid=\"3044568\" data-originallang=\"en\">I will. Thank you.</p>\n<p data-HoCid=\"3044569\" data-originallang=\"en\">The symptom of our weak economy is not enough capital at key stages in the financing cycle, particularly capital-intensive innovative businesses with large research or technology risks that venture capitals don't address, companies with traditional market and other risks that venture funds can financial successfully.</p>\n<p data-HoCid=\"3044570\" data-originallang=\"en\">Our diagnosis? While some problems are outside our control, some arise from aspects of financing programs, or their lack, and others from imbalances in the regulatory and tax systems. People must have confidence in the markets and taxpayers must have confidence that taxes will be paid. Not surprisingly, governments have determined that for investors and taxpayers to feel protected, regulation is the answer, but sometimes it's been to the detriment of other parts of the markets. Canada's securities commissions protect investors, but they must also promote fair and efficient capital markets. We have examples where we think the balance isn't right. CRA has a duty to ensure that taxes are paid, but the combined rules and administration that are our tax system also affect the savings to investment processes.</p>\n<p data-HoCid=\"3044571\" data-originallang=\"en\">Still too fast?</p>",
        "fr": "<p data-HoCid=\"3044568\" data-originallang=\"en\">Oui.</p>\n<p data-HoCid=\"3044569\" data-originallang=\"en\">Le sympt\u00f4me de la faiblesse de notre \u00e9conomie est le manque de capitaux \u00e0 des stades cruciaux du cycle de financement, surtout dans le cas des entreprises innovatrices et hautement capitalistiques comportant d'importants risques sur le plan de la recherche ou de la technologie dont le capital de risque ne tient pas compte, des soci\u00e9t\u00e9 pr\u00e9sentant des risques li\u00e9s au march\u00e9 traditionnel ou d'autres risques que les fonds de capital-risque peuvent bien financer.</p>\n<p data-HoCid=\"3044570\" data-originallang=\"en\">Notre diagnostic? Certains probl\u00e8mes sont ind\u00e9pendants de notre volont\u00e9, mais d'autres d\u00e9coulent d'aspects de programmes de financement \u2014 ou de leur absence \u2014, et d'autres, de d\u00e9s\u00e9quilibres r\u00e9glementaires et fiscaux. Les gens doivent avoir confiance dans les march\u00e9s, et les contribuables doivent \u00eatre convaincus que des imp\u00f4ts seront effectivement pay\u00e9s. \u00c9videmment, les gouvernements ont d\u00e9termin\u00e9 que la r\u00e9glementation est la solution pour veiller \u00e0 ce que les investisseurs et les contribuables se sentent prot\u00e9g\u00e9s, mais, parfois, cela a nui \u00e0 d'autres secteurs des march\u00e9s. Les commissions des valeurs mobili\u00e8res du Canada prot\u00e8gent les investisseurs, mais elles doivent aussi promouvoir l'\u00e9quit\u00e9 et l'efficience des march\u00e9s financiers. Nous avons relev\u00e9 des exemples de cas o\u00f9 nous croyons que l'\u00e9quilibre n'est pas bon. L'ARC a le devoir de s'assurer que l'imp\u00f4t est pay\u00e9, mais les r\u00e8gles et l'administration combin\u00e9es qui composent notre r\u00e9gime fiscal ont aussi une incidence sur le processus permettant aux \u00e9conomies de devenir des investissements. </p>\n<p data-HoCid=\"3044571\" data-originallang=\"en\">Encore trop rapide?</p>"
    },
    "url": "/committees/finance/41-1/82/barbara-amsden-2/",
    "politician_url": null,
    "politician_membership_url": null,
    "procedural": false,
    "source_id": "7738394",
    "document_url": "/committees/finance/41-1/82/",
    "related": {
        "document_speeches_url": "/speeches/?document=%2Fcommittees%2Ffinance%2F41-1%2F82%2F"
    }
}