No. I think that's a gross mis-characterization of our global taxation system. We at Brookfield, like many sophisticated institutional investors, invest all over the world. We invest in large businesses in their home jurisdictions. When we do that, we are buying businesses with employees, large management teams and assets on the ground. Those businesses pay tax in their jurisdictions.
The caricature of the taxation system as being in tax havens is not apt, because what we are actually trying to do is create tax transparency so that after-tax proceeds from those companies can then be returned to investors with no friction and then tax is paid by those investors in their home jurisdictions.
The tax legislation in Canada recognizes that. It affords institutional investors, such as ourselves, to utilize those frameworks in order to compete globally and in order to ensure that our investors are receiving the maximum after-tax proceeds that we can generate.