Mr. Hines, I appreciate that. So the money goes to Barbados, and then it goes to this other jurisdiction you speak of, which taxes it at a certain rate. However, the money is redirected to that jurisdiction, and the expense or carrying charges are deducted in that jurisdiction as well--the double-dipping model, correct? So the money goes to another jurisdiction. It is borrowed by that corporation. It reduces its tax obligations there to nil, or virtually nil, and then recycles the money.
I'm not disputing that the recycling of the money creates jobs and wealth. What I'm asking you is whether we should continue to be complacent, as has been the case for a number of years under various political leaderships, and be accepting of tax treaties with jurisdictions that charge virtually no tax, when in fact the intention of tax treaties was originally to avoid double taxation. We create no taxation when we honour tax treaties with countries that do not tax money at any significant rate. Isn't that correct?