tax on currency purchases

currency drawings

call provision

Senator Di Nino: Before I ask Mr. Stanford to speak, would it be correct if I used the word ``passive'' FDI, foreign direct investment, versus active FDI, passive being money that comes in on a short-term basis to buy the dollar and ride with it, or to buy some bonds, as opposed to money going into buying machinery to increase productivity, or products being produced, et cetera?

This excludes the devaluation of the currency the Canadian dollar has gone to 25 cents over the last 25 years and also the buying power in international currency, which was 72.5 cents in terms of the U.S. dollar when I did this in 1997.

(e) the number of contracts performed and/or the size of the turnover realised in the Member State of establishment, taking into account the specific situation of, inter alia, newly established undertakings and SMEs, as well as the differences in the purchasing power of currencies in different Member States;

(8) "buy-sell back transaction" or "sell-buy back transaction" means a transaction by which a counterparty buys or sells securities, commodities, or guaranteed rights relating to title to securities or commodities, agreeing, respectively, to sell or buy back securities, commodities or such guaranteed rights of the same description at a specified price on a future date, that transaction being a buy-sell back transaction for the counterparty buying the securities, commodities or guaranteed rights, and a sell-buy back transaction for the counterparty selling them, such buy-sell back or sell-buy back transactions not being governed by a repu ...[+++]rchase agreement or by a reverse-repurchase agreement within the meaning of point (9);