In all tax legislation, as you know, transition is absolutely critical regardless of what you're going to do, but at the same time, the credibility of the whole tax system does come into question. This is the very difficult issue we struggled with in the 1980s and again in the 1990s. I'm not saying it's easy, but I think it is important that we try to deal with it, if possible. That's the technical job the department, the minister, and you as a committee will have going forward. I can't really help you very much more than that.
On May 1st, 2007. See this statement in context.