Look I think the worst case scenario is obvious. I think first of all it doesn't work for very long. It's an unstable government that raises taxes and destroys the image we're building for Canada as a strong place to invest.
I forget what the relevant American rate is but I can tell you that our goal is to have a combined federal-provincial corporate tax rate of no more than 25 percent. We're on target to do that by 2012. We will have significantly – by a significant margin the lowest corporate tax rates in the G-7 and that's our – our government's objective.
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The government's desire to expand global trade may be understandable but we mustn't give away too much. We must tell our elected representatives to at least delay the Canada-China FIPA until it has been examined more thoroughly and to reconsider the inclusion of investor-state arbitration mechanisms in all trade deals.
