Thank you very much, Mr. Chair.
Thank you to all our witnesses for taking some time out of your day. We certainly appreciate your helping us think through Bill C-8. I know everyone is very busy, but I hope we also have many of you back to speak with us about other issues.
Mr. Cohen, from Transparency International, thank you very much for all of your work on money laundering and for your comments on the underused housing tax.
I'm wondering if you could discuss this for a minute. We had testimony at the committee earlier this week where the government officials were stressing that this was a revenue-raising measure, and government members were stressing that it was also to do with helping with supply in the market and creating more inventory available.
My question would be this: In what you have seen and the work you have done in general on money laundering and some of the actors that we see, do you think that a 1% tax on a house will have much impact on the behaviour of some money launderers?