I asked Mr. Purre this question before, but I would also like to have the opinion of the other witnesses who are here with us.
I quoted a definition given by Geoffrey Colin Powell, who is a former economic advisor to the island of Jersey. That island has been recognized as a tax haven. His definition of what constitutes a tax haven is a tax structure established deliberately to exploit a worldwide demand for opportunities to engage in tax avoidance.
I would like to know from each of you, except for Mr. Purre who has already answered, whether you think this is a good definition. Otherwise, what is your own definition? It seems there is no agreement at present on what constitutes a tax haven.
Perhaps we could go from left to right, starting with Mr. Richard.