Thank you, Mr. Chairman.
Welcome to our witnesses.
There have been a number of interesting points and facts raised here today, Mr. Chairman, but I have a couple of specific questions.
Mr. Hannah, you mentioned—and I think Mr. Kingston mentioned it as well—that Canada is not a tax haven, and that Americans, quite frankly, don't move here to avoid their taxes. I'd say that most people around this table agree with that statement.
There seems to be some discussion, though, about who actually is an American citizen, and there is some confusion on the opposition benches on who an American citizen is. I've never heard the term “American person” before. You're either an American citizen or you're not an American citizen, or you're a foreign entity working in the United States with a green card.
But quite frankly, the idea that somehow this is new is incorrect. American citizens have always had a tax liability due to their citizenship and, quite frankly, we can't change that. All we can do is put some parameters and some rules around it, and that is what FATCA has done.
Mr. Brison started to ask the question, and really didn't follow up on it, about whether Canada is better positioned under this agreement or not, so I'm going to ask you that question.