We haven't had a chance yet to look carefully at the new notice of ways and means motion to see if it fully complies with the previous notice and with what was announced in the budget. We will therefore take the time we need to make sure that it is consistent or to point out any discrepancy there may be.
We also took careful note of your suggestions regarding subsequent analysis, particularly as to whether capital gains are realized on a one-time or recurring basis. Based on our experience, we can easily guess that, in the case of low or medium value capital gains, it is recurring. As Mr. Lewis mentioned, there are people who report capital gains as a result of mutual fund or equity transactions. Of greater interest to us are capital gains of $250,000 or more, which will be subject to the higher inclusion rate for individuals.