Again, Mr. Chairman, we support government initiatives designed to deal with tax evasion, to prosecute it, and to prevent it from happening. Some of the things we've seen over the last few years—the kind of reporting that is required from FINTRAC is a relatively recent initiative; anti-money-laundering rules are very strict; banks have to go.... It's quite expensive to comply with the rules, but we understand the motivation behind them and we support that motivation.
So we have seen a number of more global initiatives that are designed to tackle issues that have multi-jurisdictional effects. Those kinds of initiatives are properly done through international forums, rather than by trying to do them unilaterally from one country to another. Tackling single jurisdictions is not effective.
For small countries like Canada, it's very difficult to take initiatives that only Canada is doing that may not be effective and at the same time will penalize our own businesses.