I actually think that what I said earlier, about forming some kind of a group of similarly-minded developed countries, is the most positive thing you can do.
Some countries have blacklists, some countries have white lists. But the bottom line, when I speak of something simple, is developing rules that are targeted to tax havens.
I said this earlier, but let me make it very clear. We have a set of transfer pricing rules that we apply to the entire world. So we divide the world into two parts: the United States and everywhere else. That, to me, is foolish. That means that we need to have the same rule when a transfer pricing situation arises with a tax haven that we have when it arises with Japan. That doesn't make sense to me.
We can be a lot less concerned about transfer pricing abuses between Japan and the United States than between the United States and, say, the Cayman Islands.
When I say “simple”, I think we—and I don't say Canada, because I don't know—we ought to take a look at our law with a view to having special rules targeted to the havens. But rather than anything substantive like that, the best procedural step would be to organize a group of countries' technical experts to exchange best practices. I think that would make a lot of sense.