Yes, and I would encourage you to ask the fundamental question--and I'm sure if Dr. Hines put his great analytical capability to bear on it, he'd come up with the right answer--and that is, why do we think that corporate income taxation at all is a good idea?
Corporations are not animate objects; they're legal constructions. People own corporations. People get dividends from corporations. I don't think there's actually any logic supporting the notion that the taxation of corporate income is really good for any economy. And I think that slowly but surely, through international tax arbitrage, it's going away. I think the only question facing Canada is whether we want to be the last country in the world to get on board with that, or be somewhere closer to the front of the line.