It would be very helpful to look at that option and compare the tax regimes. One thing the government has done in previous budgets is to note that we have to be competitive with the United States. So this is an area where we should look hard at their tax regime—not just their published corporate tax rate, because that doesn't tell you very much about the actual real tax structure—and what it would mean for capital investment.
It is a bit of a problem to keep extending this for two years. It is a definite benefit and my companies are very pleased it's there. It is having an impact on investment. But for a company that's actually thinking about an investment five years from now, it can't factor that in. The way a company operates, if it's looking at an internationally competitive situation, it will say, is this on the table or not on the table? And we could say, they kept extending it every year and it's pretty certain that it will be extended. Sorry, I can't count that. The accountants can't count that way. You either have it or you don't have it.
Right now we can count it to only 2015. So it would be better to have it as a longer-term solution and to have that kind of discussion with the government.
There is an opposite view out there that you must have a tax system that links to depreciation, and there are some sacred cows out there on this subject. We need to have that kind of discussion as to what is really required to get long-term major capital investment in the manufacturing industry.