Thanks for that.
Thank you very much, Mr. Harris.
I only have a couple of minutes unfortunately, so I don't think I'll have any chance for a question. Perhaps I can make a couple of comments and have people respond.
First of all, I appreciate CALU's recommendations. I think they've very healthy in terms of the policy debate.
Second, Professor Woolley, I know you had more in your opening presentation. Your third concern was about the CCTB system in terms of when the government should look at addressing. I've got about a minute here if you want to expand on what your third concern is and how we should address it. The first concern is the clawback, the second is marginal rate. Do you want to expand on the third concern? I was going to get into the income splitting debate, but I don't think I'll have time to do that.
Professor Woolley.