December 16, 1971 (28th Parliament, 3rd Session)


Eric William Kierans


Mr. Kierans:

When he returned from the Group of Ten meeting in Rome, the Minister of Finance said that he was congratulated by all the finance ministers in the group on having the most remarkable and modern tax bill. I do not think they read it, those other ten ministers of finance. And if they did read it, I do not think they understood it or that they agreed. But they did agree to one thing. If you, Mr. Speaker, were the minister of Finance for Japan, Germany or the United States, you would have said, "Have you done anything to change that give-away tax program on resources that you have in Canada?" The answer would have been no, and they would have been very pleased with the bill.

Subtopic:   INCOME TAX ACT
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