Thank you, Mr. Chair.
We had firm intentions to discuss tax rules for private corporations. However, since I know Mr. Kelly may appear before us again next week, I'll focus on other topics related instead to e-commerce. This topic may affect both Mr. Kelly and Mr. Sanger. Mr. Sanger referred to e-commerce in his brief. I think e-commerce is a grey and black cloud on the horizon, and a much larger and blacker cloud than the tax rule proposals.
Mr. Sanger, I want to know whether you've studied the impact of e-commerce and the resulting loss of revenue for governments. This type of commerce isn't subject to the same regulations as retail stores, which are well-established, such as the small- and medium-sized businesses represented by Mr. Kelly. Have you assessed the loss of revenue? That's my first question.