I think it's positive news that they seem to have moved away from a border adjustment tax. That's a good thing. You never know in the U.S. system whether or not it will be brought back, but for now there's less talk of a border adjustment tax.
In terms of domestic tax policy, obviously it's something that as a government we need to consider because of the interconnected nature of our economies and what the tax structures will mean for multinational businesses as well as for small businesses that are looking to scale and grow and export or import. I think we have to keep a watchful eye on where that conversation ends up.
I also think that in terms of our own approach to taxation, we've been very competitive on reducing taxes for machinery and equipment. We need to continue to find unique ways of doing that. We need to find unique ways of providing credit to and recognition of large companies like 3M that invest heavily in R and D, and we need to figure out how to use tax credits to attract foreign direct investment.
I think we're doing okay. Obviously there are some challenging conversations today about taxation, but I don't think it's all bad. We just need to keep a watchful eye on what the U.S. is doing and continue to innovate in terms of that tax policy structure.