We all talk about simplifying the tax act, but there are so many competing interests that a simplification to one person is taking somebody else's advantage away. You have a huge number of competing issues. I think simplification requires a two-part process. One is to try to see if you can tweak the current system, and another is to see if you can make more systemic changes.
In the U.K., they introduced an office of tax simplification. It is an independent body as opposed to being part of their finance group. They both suggest improvements to the system, and they also receive input from the taxpayers. To date, I think they've made 100 legislative changes. I think it's a wonderful way to tweak the current system. It may have some issues to it, and you may need to take a longer-term look to see if you can make more fundamental changes to the act.