The Honourable Jim Flaherty, Minister of Finance, today received the report of the Advisory Panel on Canada's System of International Taxation.

"Our Government is working to create a tax advantage for Canadians and Canadian businesses," said Minister Flaherty. "In November 2007, we established an advisory panel to provide recommendations to enhance the fairness and competitiveness of Canada's international tax rules, thereby encouraging investment and strengthening the economy. I look forward to reviewing those recommendations, and I thank the Chair of the Panel, Mr. Peter Godsoe, and all of the Panel members for their dedicated work on behalf of all Canadians."

In addition to Mr. Godsoe, other members of the panel were: Mr. Kevin Dancey, who served as Vice-Chair, Mr. James Love, Mr. Nick Pantaleo, Mr. Finn Poschmann, Mr. Guy Saint-Pierre and Ms. Cathy Williams.

Copies of the report are available on the Internet at www.apcsit-gcrcfi.ca or by calling the Department of Finance Distribution Centre at 613-995-2855.

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For further information, media may contact:

Chisholm Pothier
Press Secretary
Office of the Minister of Finance
613-996-7861

Jack Aubry
Media Relations
Department of Finance
613-996-8080

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