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.
May 10th, 2006 / 3:35 p.m.
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.