That's a very difficult question, in a sense. I think it is fair to say that businesses and corporations, and individuals for that matter, plan their affairs based on actual tax legislation. It's very clear that this legislation is aimed at fairness, that it does close a number of loopholes, and that it does broaden the base in certain circumstances. On the other hand, from a taxpayer's perspective, it has a number of relieving measures that really do help the taxpayer get through with a particular transaction. So it's a very welcome sight from that perspective.
The main issue, as I see it—and I'm sure some of the others here today would see it this way as well—is that when you have a change that's introduced and then it's changed and changed again, through various iterations, and it's reintroduced several times, it makes coming to a decision and an interpretation of a particular provision of the act very difficult.
I think enacting this, with all the potential shortcomings, is nevertheless a very good thing for the government to do.
Looking forward, I think additional amendments are obviously required, but perhaps at some point look at the statute and try to figure out if some sort of reform is necessary.