Thank you.
Good morning to our witnesses.
I have some questions for our witnesses from the Canadian Bankers Association. You always make great presentations. It shows that you are a determined and well equipped organization. However, I find myself wanting more when I read your presentation, because you haven't really shown that tax evasion is very serious. Our committee took the trouble of initiating this study because it is a very serious matter for all Canadians and taxpayers who have to pay taxes, while some companies avoid doing so.
How many subsidiaries or branches do members of your association have in foreign countries and tax havens? Since that is the subject of our study, it is important that we have that information.