Certainly there should be rules in the tax code that would address abuses or close loopholes, primarily. I think that's a key thing.
Mr. Rosenbloom suggested before that very few multinational corporations get into legal trouble in the tax area, because they understand what the rules and the laws...[Technical difficulty--Editor]...go right up to the line, and many times they don't go over it, but the problem is where the line is.
In effect, legal regulations enable tax avoidance to a significant...[Technical difficulty--Editor]. Statutory changes or regulatory changes could be implemented to close those loopholes as they address offshore holdings, tax haven holdings...[Technical difficulty--Editor]...go a long way to capturing some of the tax revenue that's due to these governments.