Yes. I think a key point on the Panama papers—because there has been media coverage saying there have been zero convictions—is that tax authorities have been reporting the gross amounts or the amount they've identified. In the case of Canada, which is the CRA plus Revenu Québec, roughly $52 million in tax was identified by them, which would place us in ninth place in the world.
We've refused 36 VDPs, which would add to that number, and we have about another $60 million under audit. At the end state, we're looking at perhaps $100 million in taxes from people listed in the Panama papers.
I think there's a semantical issue around, “Have you identified it? Have you collected it?” We've gone to the details. All other countries are reporting what they've identified, and they're not yet able to land on what's actually been collected. I'd also add that a lot of other countries higher up on the list—Italy and Spain, for example—have received voluntary disclosures in the range of $100 million.
Canada, I think, has taken the Panama papers list seriously. I think we've made a strategic choice to restrict VDPs and refuse some voluntary disclosures, because the consequences have to be there.
I think you have to look at the CRA results and the RQ results together. We're not in a competition, but we're two tax authorities in the country. Ninth place is maybe not where we'd hoped to be at the end, but it's not at zero.