Mr. Speaker, the Prime Minister launched a number of initiatives in the 1990s to try to deal with the issue of tax havens, as he has described both in this House and outside.
At the same time, the OECD launched an initiative that was aimed at trying to deal with this on a global basis. We had hoped that the OECD would be able to deal with it comprehensively. Unfortunately, it appears that the OECD initiative has faltered. Therefore, Canada and a number of other countries are looking at what we can do on a country by country basis to ensure that everybody pays their full fair share of tax.