Yes, thank you.
Thank you both for your presentations today. I thought they were well thought out and very comprehensive.
First of all, Mr. Kesselman, you talked about the need to transition retail sales taxes into value-added taxes. I wrote a paper on that very recently. One of the things I agree with you on—and maybe you could touch a little upon this—is you specifically said the way taxes are applied is much more important than the rate. Could you expand on that a little—why where a tax and how a tax is collected is more important than what the rate may be?