Carrington Clarke

I mean, how do you sit, knowing the little detail that you've been able to get across, are these changes necessary or is this more of a political solution than an economic one?

But this kind of question, isn't it, that it's about whether or not you think small business is special and should be treated differently to large enterprises?

There might be changes to company structure in order to be classified as a small business as opposed to a not small business.

So the government has tried to come up with a forecast of how much this will cost.

So the original changes announced in the budget, those changes to negative gearing, the capital gains tax discount,

and taxation arrangements around trusts were supposed to make the budget $8.1 billion over the forward estimates to raise that amount of extra tax.

They say these concessions, these changes to the concessions will mean they're foregoing

$475 million.

Anyway, fascinating debate, one that you were part of.

Let's see how this plays out in the coming weeks.

That is it for today's episode of ABC Business Daily.

Tomorrow, be sure to catch That's Business with Alan Kohler, who will be sitting down with Will Bowdavis, the CEO of Phonally.ai, a San Francisco-based startup building voice agent.

And I'll be back in your feeds on Monday.

Don't forget to send us your tax-specific questions.

We're hard at work on a series of bonus episodes all about tax that we'll share with you at the end of the financial year.

To never miss an episode, make sure you're following us on ABC Business Daily on ABC Listen or wherever you get your podcasts.

If you'd like to send in a question, email abcbusinessdaily at abc.net.au.

Catch you next time.

Thank you.

The RBA's decision to leave rates on hold might have triggered a collective sigh of relief from Australia's mortgage holders, but there was a clear warning from the governor that the board stands ready to hike further if necessary.