James Kirby

What do you think?

Sorry, Jack, can I just interrupt with one thing?

When you say you could end up better off, that would hinge on the inflation rate.

Well, can you recall the basics of that?

Okay.

And I would add that there is the Turnbull era innovation arrangement where companies that qualify, and there's a few thousand that do qualify, anyone who invested in them, there's a 10 year tax exemption on that too.

This would be, I thought it would be really hard and I thought you'd have to have a patent and it would all be high tech.

Turns out it's self-assessed.

Don't you love that?

Self-assessed.

I only wish we had heard about that one once upon a time when we had a startup.

But the point I'm making is that there are many existing tax arrangements for startup entrepreneurs.

Still, though, Paul Bassett, who you would have to take very seriously, who created Seek, for instance, has been out there thumping the table, saying that it's very repressive on entrepreneurs to bring in such changes.

So it seems to be an open question, Jack.

You see, he's a financial advisor, folks.

He's going to take it one by one.

He wants to know who you are and what your situation is.

He's not talking big picture, which is the right way to do it for a financial advisor.

Terrific.

Jack Tossall, great to have you on the show again.