I understand the symmetry one might want as a tax official, but again, the reality and the practicality is maybe something less than that.
Finally, I share the general concern expressed by Mr. Gerretsen and Mr. Albas concerning the billed-basis accounting. Having practised law for 22 years, I would look at this as just a major headache, an absolute delight for my accountant, and a conflict for my partners, because one partner would probably do the work-in-progress stuff, and the rest of us would be doing cash or something very similar, where the bill and the activity were closely linked.
What I don't get, since this is one great deferral that started out as a two-year deferral, and now a five-year deferral—a deferral isn't quite right, a phase-in. I don't see the public policy gain in this activity. Initially, when you started, you essentially moved a whole bunch of work in progress into income, and you whacked the tax. Now you've pushed that out over five years. I don't see the revenue gains to the government now that you've effectively moved from two years to five.