Finance committee  Well, my thought on this issue of dead money is that I think—and this is the role of the government—you need to set the playing field for businesses to make investments. Businesses are the ones that have to decide how to use their money.

Finance committee  I'm not sure that's.... I think it's more along the area of promoting the business environment for them to make good investments. I think that's what you want them to do.

Finance committee  The first thing you have to understand is that capital is mobile, and it takes into account all the factors in making a business investment, of which tax is one of the important factors. If the cost in a country like Canada is relatively low in the tax area, it attracts business,

Finance committee  It should be an overall review. I think there should be a priority in terms of some of the areas they are focusing on, but absolutely, it should be overall.

Finance committee  Yes, I do, and I think that's why I was suggesting this sort of two-stage approach. I think that there are things we can do with the existing tax system to tweak it and improve it in terms of its efficiency and effectiveness, but a long-term improvement to the tax system requires

Finance committee  Good afternoon. My name is Gabe Hayos, vice-president of taxation for the Canadian Institute of Chartered Accountants. On behalf of Canada's 82,000 chartered accountants, thank you for the opportunity to appear before this committee. I would also like to acknowledge the committe

Finance committee  No, we don't have it at this point. But it's something that we would look to provide to the committee, because it's something we believe in.

Finance committee  I think that's fair. In my discussions, I'm seeing sort of a broad.... It's a fair comment that it hasn't formally been announced, so I agree with that comment.

Finance committee  Yes.

Finance committee  Yes, in my experience, I think that's a great approach. You don't know how effective it will be in this circumstance; only time will tell, but I think that is an excellent approach, and I've seen many experiences where it's been very productive.

Finance committee  I agree. I think some of the changes that have targeted some very aggressive tax planning are appropriate. I think the only comment we would have is that, as I said, what happens when we introduce legislation is that it tends to be far too broad and it captures the innocent com

Finance committee  Unfortunately, I'm not sure I captured that question. Could you try very briefly again?

Finance committee  It only exists to a limited extent. I think in the theme of trying to make sure that Canadians comply, as opposed to forcing them to take penalties for innocent errors, it's important that this be much more broad than what currently exists.

Finance committee  I'm not sure I got all of that, but first, as far as refundability is concerned, our position is that there is some broader refundability that would be appropriate, and that's actually to attract business into Canada. Right now what happens is that foreign companies, for example,

Finance committee  Sorry, is there a question...?