Every dollar that is spent paying taxes obviously isn't available for other uses, period. And like every other company, we have policies about what is available for distribution and what is spent elsewhere.
In my experience as a tax partner for 24 years with a big accounting firm, before coming to Bell five years ago, I've not seen such a reduction in tax rates. This reduction is extremely important to a company like Bell. Federally, the corporate tax rate will fall from 22% to 15% next year; and in five years in Ontario, from 14% to 10%. In Quebec, it is now higher than in Ontario, or it will be next year. That influences what happens.
Bell is a domestic Canadian company. Compared to a lot of the companies that I used to advise, it's pretty simple. In that context I was aware of the significance of the Canadian rate vis-à-vis the U.S. rate, or spending the money in Ireland, or doing whatever. A lower tax rate not only helps a domestic company, but it is also significantly more important for multinationals to decide where they're going to make their investments and do their business.