Start Me Up
As you would already be aware we are passionate about Australian business and wherever possible we love promoting the award winning and innovative businesses of our friends and clients.
Joe Hockey recently realized how important small business is to Australia too and I can tell you that both Andrew Robb and Paul Fletcher are aware of the Montgomery ‘Two Birds’ idea. This idea offers tax holidays to genuine startups who establish themselves in thriving regional areas with universities and with the infrastructure to eventually ease the burden of urban consolidation pressures emerging in metro Sydney and Melbourne.
Of course ‘Woolworths Newcastle Pty Ltd’ would not be a genuine start up but navigating that small mine field should not prevent the broader concept from seeing the light of day. Outside of the US, the UK, Turkey and Singapore already have a thriving startup culture and the tax regime has been a massive contributor.
A man we know and like, who shares our passion for startups is Steve Baxter. You would know him as one of the ‘Sharks’ on Ten’s Shark Tank program and last week’s recent feature article about Steve in the Australian Financial Review is worth a read.
You can read the AFR’s piece for free here.
Roger Montgomery is the founder and Chief Investment Officer of Montgomery Investment Management. To invest with Montgomery, find out more.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
