Speech (House debate)

{
    "time": "2007-05-10 11:15:00",
    "attribution": {
        "en": "Ms. Diane Ablonczy",
        "fr": ""
    },
    "content": {
        "en": "<p data-HoCid=\"608772\" data-originallang=\"en\">Mr. Speaker, I can advise the hon. member that all developed countries work to minimize tax avoidance. Some countries do it in one fashion and other countries do it in another fashion. International tax treaties and tax arrangements dovetail. Of course, there are always changes. Whereas one country might allow a deduction in one area, it might tax in another area. We have to look for a relative balance and parity in taxation measures between and among people active in the global marketplace. The member can be sure that we are working on that all the time. </p>\n<p data-HoCid=\"608773\" data-originallang=\"en\">With respect to the purported losses on income trusts, Jack Mintz of the Rotman School of Business said this year that the Liberals are creating market uncertainty by extending false hopes to investors. The Liberals need to take yes for an answer. We have dealt with it and they should support it.</p>\n<p data-HoCid=\"608774\" data-originallang=\"en\"> <em>The Globe and Mail</em> said that Toronto Dominion Bank data comparing the selling prices of 16 trusts now in play to their value before the tax was imposed basically say that firms are offering to buy our trusts for an average premium of about 30% above the prices the trusts were trading at before the tax announcement.</p>\n<p data-HoCid=\"608775\" data-originallang=\"en\">Time does not permit me to read the other commentary on this, but I would be happy to show my hon. friend. The bottom line is that this has not caused huge harm to the vast majority of investors. In fact, some of them will actually make money from these new arrangements. </p>\n<p data-HoCid=\"608776\" data-originallang=\"en\">We need to be fair and balanced when we address these issues. I urge the Liberals to do so.</p>",
        "fr": "<p data-HoCid=\"608772\" data-originallang=\"en\">Monsieur le Pr\u00e9sident, je peux dire au d\u00e9put\u00e9 que tous les pays d\u00e9velopp\u00e9s travaillent afin de minimiser l'\u00e9vitement fiscal. Des pays le font d'une certaine fa\u00e7on, tandis que d'autres s'y prennent diff\u00e9remment. Les conventions fiscales et les arrangements fiscaux au niveau international s'harmonisent. \u00c9videmment, il y a toujours des diff\u00e9rences. Ainsi, un pays peut accorder une d\u00e9duction dans un secteur donn\u00e9, mais imposer dans un autre secteur. Il faut rechercher un certain \u00e9quilibre et une certaine parit\u00e9 entre les mesures fiscales qui visent des personnes actives sur le march\u00e9 mondial, et le d\u00e9put\u00e9 peut \u00eatre certain que nous y travaillons constamment.</p>\n<p data-HoCid=\"608773\" data-originallang=\"en\">En ce qui a trait aux soi-disant pertes des fiducies de revenu, Jack Mintz, de la Rotman School of Business, a dit cette ann\u00e9e que les lib\u00e9raux \u00e9taient en train de cr\u00e9er une incertitude sur le march\u00e9, en donnant de faux espoirs aux investisseurs. Les lib\u00e9raux doivent reconna\u00eetre et accepter la situation. Ce dossier a \u00e9t\u00e9 trait\u00e9 et ils devraient maintenant appuyer la d\u00e9cision prise.</p>\n<p data-HoCid=\"608774\" data-originallang=\"en\">Selon le <em>Globe and Mail</em>, les donn\u00e9es employ\u00e9es par la banque Toronto Dominion pour comparer les prix de vente actuels de 16 fiducies \u00e0 la valeur que celles-ci avaient avant que l'on d\u00e9cide de les imposer disent essentiellement que des entreprises sont dispos\u00e9es \u00e0 acheter nos fiducies \u00e0 un prix moyen qui est d'environ 30 p. 100 sup\u00e9rieur \u00e0 leurs prix d'achat avant l'annonce de la d\u00e9cision de les imposer. </p>\n<p data-HoCid=\"608775\" data-originallang=\"en\">Je n'ai pas le temps de lire les autres observations faites \u00e0 cet \u00e9gard, mais je serai heureuse de les transmettre au d\u00e9put\u00e9. Pour r\u00e9sumer, cette d\u00e9cision n'a pas caus\u00e9 un pr\u00e9judice important \u00e0 la majorit\u00e9 des investisseurs. En fait, certains d'entre eux vont faire de l'argent, suite \u00e0 ces nouvelles mesures.</p>\n<p data-HoCid=\"608776\" data-originallang=\"en\">Il faut faire preuve d'\u00e9quit\u00e9 et d'\u00e9quilibre lorsqu'on discute de ces questions, et j'exhorte les lib\u00e9raux \u00e0 le faire.</p>"
    },
    "url": "/debates/2007/5/10/diane-ablonczy-3/",
    "politician_url": "/politicians/diane-ablonczy/",
    "politician_membership_url": "/politicians/memberships/1243/",
    "procedural": false,
    "source_id": "2072884",
    "h1": {
        "en": "Government Orders",
        "fr": ""
    },
    "h2": {
        "en": "Business of Supply",
        "fr": ""
    },
    "document_url": "/debates/2007/5/10/",
    "related": {
        "document_speeches_url": "/speeches/?document=%2Fdebates%2F2007%2F5%2F10%2F"
    }
}