Mr. Castonguay, I understand you testified before this committee in previous sessions.
In previous parliamentary hearings and debates, serious concerns were raised by a number of sources about Panama being a known tax haven. The practice of people sheltering money in offshore accounts with little or no disclosure requirements is estimated to cost countries around the world, including Canada, billions of dollars in lost tax revenue, and the taxpayers of this country as well.
What can you tell us about the state of tax secrecy or sheltering laws in Panama today?