So compared with the 15%, yes, it's a tax increase; however, it's a tax reduction compared with the legislated tax—
On May 10th, 2006. See this statement in context.
On May 10th, 2006. See this statement in context.
General Director, Analysis, Tax Policy Branch, Department of Finance
So compared with the 15%, yes, it's a tax increase; however, it's a tax reduction compared with the legislated tax—
See context to find out what was said next.