Exactly.
My answer is in the same vein. Tax information exchange agreements stipulate that information is disclosed only if it is collected. If you read the legislation on trust creation in Hong Kong, you will realize that we will not be getting any information under that agreement because Hong Kong does not collect it. In terms of politics, the message Canada is sending is very bad because the international community is currently trying to establish a balance of power with tax havens to force them to make some basic progress in the area of access to information and tax leaks.
This bill gives us the impression that we have some tools, when the tool box is actually empty. So we have entered the realm of illusion and hoaxes. It would really be better to have nothing at all, instead of having an illusion of a tool box, as is currently the case with Bill S-17 when it comes to Hong Kong.