Just as an example, given that we are short on time, as you well know, Canada's five largest chartered banks state in their reports how much money is invested in tax havens. And that total is $1.3 billion. That is the estimated amount of tax income that the country has lost. So that is a known figure. There are many others we do not know, as you said. We do not know the whole story, but the banks themselves estimate the figure to be $1.3 billion, according to their reports. That is how much companies have saved by using tax havens, by using the subsidiaries of Canadian banks. So that is a known direct incentive being used by financial institutions to encourage investment in tax havens.
On Tuesday, Ms. Alepin told us that international agreements are necessary in order to do anything about tax evasion and that it is difficult to take a unilateral approach.
I want to know whether our hands are tied. Why is it that Canada cannot take action to improve the situation and reduce investments in tax havens?