Kel Galavan

When they say simple, is it going to be relatively simple compared to what we have already?

And we have a complex tax system, depending on how you look at it.

Or will it be managed by whoever is taking care of it?

And if so, if the administration and the tax has been managed by the bank or the institution or whatever, well, what cost does that come at?

Because you can't expect a company to take on something like this without a fee.

But how high is that fee?

Yeah.

And then if you do put money in, do you have to leave it for a certain length of time?

Do you have access to it?

And if something like that is in play, well, then are there penalties if you do take that money out?

Like there's so many different questions and they're not negative questions.

They're just comprehension questions to get clarity, because I think people deserve to really understand something before they put their hard earned cash into it.

Yeah, you heard that.

OK.

So, yes, when I saw that headline, I was looking at it and I kind of doubted myself for a second.

I was like, why is this a headline?

Why is this a soundbite?

Because, right, we all know we pay tax.

And different types of income and different types of things are subject to different types of tax.

So VAT is one and our income tax is another and USC is another.