Thank you very much, Mr. Chair.
Thanks to our witnesses for joining us today.
The Tax Justice Network's Henry report from back in July 2012 contrasts intermediary havens, like the Cayman Islands, with destination havens like the city of London or some other jurisdictions, including some in the U.S.
When it comes to dealing with international tax evasion, do destination havens require different policy tools than intermediary havens, and what would those tools be?
Mr. Murphy.