James Kirby

Let's just take, say, WiseTech, the tech company.

And I have another share where I know it's all about, broadly all about income.

Let's say, Commonwealth Bank.

Under this arrangement, wouldn't it make more sense not to buy the one that's focused on growth because the tax is much sharper on the gain than it is on the income?

Sure.

Yeah.

Okay.

Absolutely.

And we'll try and get to that.

But thematically, income stock is favored over the growth stock tax-wise.

Is that fair to say?

Correct.

Okay.

And then, folks, what's really important to know here is that it's not just local shares, right?

It's any shares.

Don Hampson, who has been on the show of Plato, did some numbers on a global share fund held for 20 years at a 7% growth under the old system and the new system.

And basically the tax paid by the Australian shareholder under the new system was something, I get the number, it was about 45% higher, Will,

So I think that's a really important point, isn't it?

I mean, I won't say it should weigh against, but it's going to be a factor when someone is assessing whether they should buy global shares or growth shares, which wasn't there previously.

And so maybe at this point, I put to you something that I wrote and did a video on yesterday because it just struck me.