Thank you for your question.
Perhaps I'll begin by underlining the work we do multilaterally with the OECD. For a number of years now, the OECD has been engaged in an exercise about base erosion and profit shifting. That exercise laid out certain mandatory approaches, certain common approaches, and so on. We have been working very closely with the OECD. Successive budgets have introduced measures aimed at implementing those recommendations. The common remote reporting standard is one that's now in place. It allows countries to get a common view, a full view, of the operations of multinationals and how they're reporting revenues and allocating income from jurisdiction to jurisdiction. The multilateral instrument, which I believe was passed last year, is a way of automatically updating the network of tax treaties. We have over 90 tax treaties, I believe, around the world. Those update each of those tax treaties to deal with such issues as treaty shopping, which is an approach that corporations could use to obtain inappropriately the benefits of tax treaties to which they're not entitled.
That being said, it's work that continues. There are other areas that were dealt with in the BEPS approach. There are issues like how to deal with hybrid mismatches, or strategies to leverage differences in the tax systems, and so on. I think those are the kinds of areas that are referred to in the minister's mandate letter.