Thank you so much for being here today.
I think across all your presentations today we're hearing about a level playing field. Whether that's culturally or economically in tax fairness, this is critical, I think, to the success of the companies that Ms. Lennox is here representing to ensure they can grow and stay in Canada and not leave because the global market is more enticing. It's really important to grow that.
Other countries have made moves to implement some laws and regulations around taxation of e-commerce. New Zealand, Australia, Japan, and the EU have all begun this way to close this loophole. We're losing an incredible amount of tax base in our country, having foreign companies that are not paying the same amount because they are only in the e-commerce space.
Mr. Sanger, I wonder if you could speak to how important it is to close that loophole? What the impact of that could be and the growth we could potentially see here in Canada from doing so?