I loved the clarity of your presentation. You note that part XVIII of the Income Tax Act seems to require reporting on all U.S. reportable accounts unless the financial institution specifically designates an account to not be a U.S. reportable account. There are financial institutions like the Lehman Brothers and others I could mention that may not have been exactly clear on how they conducted their business. In this case, they don't forward accounts under $50,000. They just say that it isn't reportable. How would we ensure that a zero wasn't accidentally left off an account so that it could escape the scrutiny of the process?
I guess my direct question is—and it goes back to “seems to require”—why the Income Tax Act would be so grey and unclear in its wording. One would presume that a lot of very smart people work on these things and review them. Someone should be able to see that there's a soft area in this reporting. Is it a recommendation that you would have that we review and revise these matters to ensure clarity?