I think it has been 40 years since the Carter commission was undertaken. A lot has changed in 40 years in terms of the economy in Canada and taxation.
What we're basically saying is, let's take a hard look at our taxation history, because really, what happened in 1972 was that some strong recommendations came out and major tax reform occurred. Over the years, things have, piecemeal, been added to and deducted from this existing tax frame. Why not take a look at it now and see if we can come up with a more efficient, straightforward, understandable, and fairer tax system?
A good tax system provides Canada with a competitive advantage over other countries out there. Again, I work in cross-border tax and when I compare the Canadian tax system to the United States, it's far better. Why not take it that step further?