Thank you.
I tried to speak to this earlier. A little of what you hear now will reprise that earlier point.
That kind of analysis would be valid if you take as a given that the Canadian tax deduction is fixed and the second deduction is the extra deduction. But if you've set up a regime, as I said before, where you're required to make a choice on where you take a tax deduction, then you can have a fair fight, if you will, and where you end up taking the deduction will be dependent on the competitiveness of your tax structure versus that of the other country.
You mentioned Mr. Martin saying we have to do more. It's true that we're already in good shape in relation to some countries in terms of our rate structure. As against those countries, with a rule that says you will be required to take the deduction or it will be in your best interests to take the deduction where it's worth the most to you, lower tax rates here mean it will be worth more to you to take it in the other country.
But there will be a discipline imposed on us. If and when other countries cut their rates further, there will be a discipline on us to be responsive to it to make sure we're not the ones bearing the debt and the expense.