Madam Speaker, the fact of the matter is that Germany and France have actually been collecting a lot of the back taxes from the people who have been investing in these tax havens.
France showed us how to do it. France got its black list together of 18 countries, and scared the companies. France levied a tax of 50% on dividends, interest, royalties and service fees paid to anyone based in France to a beneficiary based in the country on its blacklist, including Panama. What France did is it scared its own companies. France was taxing them right at the source.
No one, that I know of, has ever done that before. Look at the results. Panama rushed over and signed an agreement, exactly what they wanted. Panama signed a double-taxation avoidance treaty with France in the last few months, and now eight countries are on board. That is how to get action.