Thank you, Chair.
The issue is not an issue of corporate taxation, because global corporations structure themselves in various ways and pay taxes in various jurisdictions, and we certainly obtain our share of that. We have many Canadian corporations that are global in scope and we have large banks and other large financial institutions that are global in scope and pay a lot of tax in Canada.
The issue really is tax evasion, that is, our citizens or corporations are able to hide money in other countries and thereby avoid paying tax. By entering into tax information exchange agreements, we take away the possibility that people can feel that they can go hide their money somewhere and the Government of Canada, in particular the Canada Revenue Agency, won't know about it. We will know about it.