[indiscernible] ms. angus: i am speaking for myself today and i am not speaking officially for the committee. n.would like to thank do i was in the private sector involving work, and sometimes we were on the opposite side of an issue. don always approached me and wereclear in his view we both working for the same objective, a better tax system. it is a privileged to be here to honor the first symposium. i thought the question that was posed to this panel was an important one. i think it also has a simple answer. exchanges have a dramatic effect on services and they further reinforce the need for reform in the u.s.. simple answer. i will elaborate in a few minutes on that. over the last decade, countries around the world have in reducing their corporate tax rate's. the u.k. announced a further reduction of 70%, less than half the u.s. rate. in the same time, countries around the world have been replacing their worldwide tax system with territorial approaches for taxing the globe as this are headquartered in tho