 Hamant, thanks for joining in. What is this GAFA tax imposed by France? We're told that the purpose of this tax is to achieve a fairer and more efficient tax system and that tax will affect companies with a worldwide turnover on their digital activities of over 750 million euros and a turnover in France of over 25 million euros, affecting Google, Apple, Facebook and Amazon. Is this not an anti-American tax? Well, you know, when one makes a reference to the GAFA and the European Union, it usually represents the, you know, the struggle between the American tech giants and the European Commission. And more notably with the, you know, European Commissioner to competition. Broadly speaking, the underlying idea behind the GAFA, you know, collecting personal data is Asia economic one, I feel. Nowadays, these data are worth billions and are mostly possessed by Google, Apple, Facebook or Amazon. Consequently, the EU Commission might consider that these tech giants would hinder its cyber strategy because they hold such a large portion of all EU citizens' personal data. I'm sorry to interrupt. Don't you think that there might be some negative economic outcomes for the EU? First of all, taxing and finding especially high tech giants such as the GAFA could lead the European single market to become a place where, you know, firms producing physical products would benefit from and an economic advantage over the digital sector. This could endanger the principle of free competition, which resides within the Union's legislations because a particular kind of company is here targeted, while other seems to be out of the EU's sights. Secondly, when the Commission penalizes the GAFA, it sends a message to the rest of the private sectors, which are part of the digital sphere, that it might become more difficult to do business there. The tech giants fear that this may affect the funds for research and development. And France is perhaps taking this step in a hurry due to the political pressures to bring about economic justice.