Do I think it's appropriate? I think the way to look at it is to ask what the costs are and what the benefits are. It's a policy analysis approach that applies to this case, as to any other. It's not clear what the costs to the Canadian revenue base are. And it's not clear what exactly the benefits of flowing investments through conduit entities or through low-tax jurisdictions are. This is an area that needs work.
What we do know, though, is that sudden tax changes certainly can affect the ability of business to compete in the world, and that's an issue.