morning, everybody, ladies and gentlemen. Thank you for coming. Thank you for being here today. It is a very important day which was actually possible thanks to the work of all the staff from the Secretariat of the parliament, of the fiscal committee. And from the work of the tax food DG at the commission. For this reason, I want to thank you. First of all, the general director, Thomas gracimus, and the doctor Benoit West with with with you, and all the stuff with them. They worked very much to realize this day, today, dear colleagues, dear gentlemen and ladies. We today are here not only to have an exercise, an academic exercise. We are today here to set an agenda, and we have four great sessions today. One focuses on wealth taxes. A second one focuses on sustainability and competitiveness. A third one focuses on tax reforms, both at European at international level, and the fourth one focuses on artificial intelligence and the new challenge posed by hit now, starting from the first wealth taxes. We know today how polarized the world is, inequality has been rising so much within the new model, which we call it financial capitalism. Dozen of people, around 12 in the world, own the wealth of alpha of the people in the world, three comma, 5 billion of the people in the world own as much as 12 people of the world within this polarization, growth, economic growth is as well under threat. Many economists speak about secular stagnation and refer to it as a consequence of inequality as well. In fact, consumption and aggregate demand depend as well on the distribution of income. Taxation is at a stake, not only as a matter of distribution, but as well as a matter of supporting our welfare states. And in the current economic situation, the new challenge concerning the distribution of income become really the major issue. Few days ago, a proposal by French economist Robert which was similar to the one proposal last summer at the g20 in Brazil, made clear that it is possible to. Day to collect up to 120 billion euros for a mere tax of 3% in Europe, 3% on ultra high net wealth. Will the law for a collection of 120 billion euro, and those people would not even realize that they are paying 3% of their wealth. And actually it is not a 3% on the people that they already pay that amount of tax, but it's a tax that people would not pay, as far as probably their secretary they would pay. So it is a matter of fairness, but it's a matter as well of economic issue as well. We know how important is distribution for growth. As I said, second, Kahneman, few years ago, got a Nobel Prize opening a very important stream in economics, which is behavioral economics. We know how taxation is important for, as I say, the distribution and to support our welfare state. And we are proud in Europe of our welfare state. And we know that in Europe, we spend much more of other countries together for our welfare state, but we are proud of it, because thanks to our welfare state, all of us reach at higher life expectancy, higher education level, higher standard of living. Now, Kahneman said that you can do something more with taxation as well, which is guiding behavior, and we know that they are good things and bad things in the market. And as Commissioner oxtras knows, we know that tobacco, for instance, is detrimental for a life of people, and we know how to make it possible to deviate from from bad consumption. So it is not only about tobacco, of course, it is just an example, but we know how taxation is important for guiding behavior as well. Third, we know that our firms, our workers, pay in the traditional sector, particularly manufacturing, services, pay quite a lot of taxes, and we all want that workers in film pay less taxes. You know, average workers in Europe earn around 40,000 euros. Out of it, they pay contribution for pension, they pay income taxes, they pay social contribution. In the end, out of 40,000 euros, they end up with a net wage of 20,000 euros, which is a low wage. At the same time, we see big giant corporation having little amount of worker, and in proportion have a huge bill with huge profit, and in proportion pay much less taxes than firms and workers in traditional sectors. I'm referring in particular, to the big corporation which work with artificial intelligence, which work with new technology and substitute machine with workers. That is a great advantage for the economy. It is not something bad, it is something that we need to boost. We need to boost innovation. However, we know that, for instance, our pension system is based on workers, workers of today finance pension of today, and we need contribution from worker in order to pay our pension system and our welfare system. That's why it is important to recalibrate our the weight of our fiscal system on capital, on labor, lowering down the weight of taxes on labor, on capital, and thinking about new form of sources which generate income today, we know that new source of input which generate income are data, and data are input on Which this giant of the web in particular, do not pay taxes. We in Europe were very good in the last years, fostering a debate and boost making possible debate on together with OECD on web taxes and on pillar one and pillar two as well. We need to keep this track. The competition with our international player, with our allied as well in the world, is possible if we show our strength. Yesterday, we were in the Museum of Natural Science. I got the permission to say that actually dinosaur a. Stint themselves in the in the age, during the life stint, because they did not change. In fact, Darwin taught us that in order to survive, we need to change, we need to adapt. We need to change our institution and our policy. This is the moment to change pillar one and pillar two were the beginning of a new change for global and equal and fair taxation. We need to keep this track and not to lower down our defense. This is actually our defense as well. We know as well, and this is one panel which which we dedicate that competitiveness is important. We know that simplification is important. We know that firms complain correct correctly about too much bureaucracy, and we need to set an agenda on that simplification is probably one of the most important incentive for firms to pay what they need to pay.