Mr. Owens, thank you for your presentation.
With the increase in the amount of money going into offshore accounts, and given that there is a notably substantial return on efforts to recoup—an extraordinary amount of recovery relative to the cost—it sounds as though the system doesn't work yet. It sounds as though there isn't sufficient deterrence in the system, whether through the OECD or through individual countries doing their jobs.
What deterrents have been used by some jurisdictions that would lead us to a better and more effective approach to dealing with tax evasion?