Thank you, Mr. Chair.
Thank you to the witnesses for coming forward today.
I think we're getting to some of the answers, but the problem is we're mixing a whole bunch of things together. I think there are two aspects. There are mainly individuals who are using offshore accounts to evade taxes and then we have companies that are not necessarily using them for evading taxes. I want to make sure I understand that correctly.
When companies are saying they use it for legitimate purposes—and this question is directly to you, Mr. Hejazi—is there a legitimate need to have offshore accounts? We can use the banks as an example. If the Canadian banks are operating in the U.S. or in China, does the money have to necessarily be funnelled through Barbados?