Thank you.
I will turn to Mr. Cockfield again.
You heard me quoting The Economist, which said the following about companies:
“A confusing thicket of bilateral tax treaties lets them play off national rules against each other.”
I think all the comments we have heard, particularly in the study on tax havens, have clearly shown that efforts should really be directed towards multilateral treaties to ensure that all the countries can work on having the same rules, perhaps even with the assistance of an international organization. To do so, we could perhaps follow the WTO model to some extent.
Do you think we should spend less time negotiating all the bilateral agreements and more time reaching an international consensus that would allow those countries to start with a level playing field?
I will also let Ms. Alepin answer quickly.