I would like to pick up on that before the other witnesses speak about the FATCA.
I understand what you are telling me, however, currently, Canadian financial institutions are under the obligation of reporting this to the Canadian government. If we had multilateral agreements with these countries, that would be the equivalent. There would have to be information-sharing.
Refusing to share that information is a rather feeble excuse for avoiding doing what is necessary to acquire the information. Tax evasion exists and it is a problem, as we have seen, precisely because of this inconsistent information.