Thank you, Mr. Chair.
I think I'd like to ask Mr. Howlett a question first, and perhaps invite Mr. Deneault to respond, if he would.
I'd like to explore the relationship, as you did, between Bill S-17 and these double-taxation treaties and shell companies, and therefore beneficial ownership. You spoke a little bit about that, about the use of setting up shell companies and tax havens without knowing who the beneficial owners are of the shares of those companies. In a sense, my question is this: is there anything in these double-taxation treaties to address the problem of shell companies that you identified?