There's a study that came out, which I can share with the committee. I don't have it with me. It was a professor in Australia who actually went to 10 OECD--developed--countries, including the United States and Canada, to several offshore jurisdictions, and as a non-citizen tried to open accounts. He found that the most difficult jurisdictions to open accounts in were in the Caribbean, in those tax havens, as you put it, those offshore financial centres. He found the easiest place to open an account was in the United States. So the idea that I could simply get on a plane and fly to an island in the Caribbean and open an account with this suitcase full of money...this is not something that I'm aware is easily done. It probably can be done, but it's not as easy as you might think, with people just getting on a plane and walking into a local bank and opening it. They will not open accounts for you just like that.
On March 3rd, 2011. See this statement in context.