Thank you, Mr. Chair.
Thank you to the witnesses for appearing.
Professor Milligan, I think you touched upon the reason that we're here.
I think we're seeing a shift. You can look at what the Nordic countries are doing in terms of shifting away from corporate taxes and going towards wage or personal income taxes. Another prime example is Ireland.
I'm not sure I understand why that's happening. What is the benefit of taxing what you've lumped all together and called capital? Whether it's capital gains, dividends, or interest, what are we trying to accomplish with that? You would attract capital, but what would that do in turn for the country as a whole?