Well, I think there's a bit of a misnomer in terms of tax havens. I think the first thing you have to recognize about tax rates, as we've talked about—and that's why we talk about keeping our rates low—is that it's all an issue of competitiveness. I think what we're opposed to is people setting up what we call “name plates” in a place where they don't really conduct business. We're absolutely opposed to that practice. What we're not opposed to is real competition, whereby tax is just one of the competitive bases on which countries such as Canada attract business.
On October 23rd, 2012. See this statement in context.