As I said during the budget debate, I think this is a very foolish change for the minister to make. I have a very high regard for him, but I believe he has made a mistake in this case. For many years the depreciation rate was 10 per cent, and everyone knew exactly what to expect and just what to do. Even in times of great crisis, even when our profits' tax had to go to seventy-five per cent, or say it did, as long as you had a steady rate of depreciation and knew what you were doing, business could keep on going along on a sound basis. But now, when you get fooling around with depreciation, and fooling around with everything, you get to a point where nobody knows what he is doing. I believe the minister was ill advised to change these rates of depreciation. He should have left it the way it was.
Topic: INCOME TAX ACT