Sure.
Mr. Lauzon comes to his conclusion by taking the statutory Canadian tax rate and then taking the effective tax rate that institutions pay on their worldwide income, and then taking the difference from that and concluding summarily that this is tax evasion. The reality of it is that while we've made progress in Canada towards a competitive tax system, we're still just in the middle of the pack in the OECD. So as a consequence, Mr. Lauzon decides that half the OECD is a tax haven, including most of western Europe and all of Scandanavia.