We prepared a background document for this hearing that sets out where the 96 countries that participated in the global forum stand in terms of agreements. What we've seen since April 2009 is that the vast majority of these 96 countries are now in the category in which they actually have more than 12 agreements.
When we set the threshold of 12, we thought it was very ambitious. We were very surprised, in fact, at how quickly countries got up to 12, but 12 is not the end of the game. We always say that if you have 12, you still have to respond positively to any requests by a country for another agreement. Don't see the 12 as a ceiling; see it very much as a floor from which you need to move on.
Currently where we stand is that a vast majority of onshore and offshore financial centres have these agreements. They're all good agreements, because we verify that they meet the OECD standards. The 18 reviews that we've done so far show that of those 18 countries, 12 already make it. They have the framework in place to maintain an effective exchange of information. Six don't. The six that don't primarily are countries that either don't have good international agreements—tax information exchange agreements or double taxation agreements—or countries that don't have good access to information. We have identified the changes we want in these six countries and now will be monitoring that they make those changes over the next year.