We fully support that recommendation on country-by-country reporting by multinationals. We think the impact on the companies themselves would be relatively low...[Technical difficulty--Editor]...given the information that would be provided to tax authorities, investors, as well as the general public. This information is already held by the corporations. It has to be a component of their consolidated global financial statements, so all we're asking is that this information be disaggregated by country.
Again, in and of itself, it does not stop abusive transfer pricing or tax evasion, but it is a mechanism, and hopefully, in concert with the other four or five...[Technical difficulty--Editor]...we make on transparency, it would provide an architecture upon which more information can be gained, and the ultimate...[Technical difficulty--Editor]...curtail the illicit flow of money and tax evasion.