Thank you, Mr. Chairman.
Mr. Ernewein, first, I will spontaneously invite you to come back before the committee with Léo-Paul Lauzon and the team from the Université du Québec in Montreal, since your colleagues from the other place have not had time to read their study. You generally dismissed their study out of hand by claiming that their approach is not sound. I am looking forward to hearing you justify your position with substantial arguments, because the study carried out by the Université du Québec in Montreal seems fairly valid to me.
So I am inviting you unofficially, but rest assured that this will be followed by a more official invitation.
I'm going to go down the list of a few different cases very quickly and just try to get an answer from the people at Revenue as to where things are.
In an investigation carried out by France with regard to a Swiss branch of HSBC, it was discovered that over a billion dollars had been hidden in Switzerland by Canadians. You are investigating this matter. How far along, specifically, is your investigation? Is this, in fact, the matter you said you have been meaning to investigate since last spring, and for which you have no follow-up information to provide us with today? Is that correct? Fine.
There is also the case of RBC Dominion Securities. I have an affidavit here which was signed by one of your auditors. I'm sorry, but it is in English. This is what it says:
...Canadian residents are using structures involving Liechtenstein entity account holders and offshore accounts, allowing them to masquerade as non-residents, hiding their investments and other income from the CRA, and neglecting their obligation to pay Canadian tax....
This was in the Globe and Mail and on the CBC. What are we doing with regard to Liechtenstein?