He's right in the sense that the formulary method is being proposed by some, and it's got a long way to go, decades away, to get to it. Something needs to be done between where we are now with the arm's-length method and the formulary method.
That's why we are suggesting that the country...[Technical difficulty--Editor]...reporting method provides significant information that would shed some light on corporate activity, so that if it is...[Technical difficulty--Editor]...trade between company A and company B, and company B is in a tax haven, everyone will be aware that's exactly what's taking place.
So it's not more regulation on the companies...[Technical difficulty--Editor]...transparency on what the companies are doing. That transparency, and the information that's garnered from that transparency, can be quite effective in combatting abusive transfer pricing.