I'm worried, because you will have someone who, let's say, creates a master franchise, a management system, and then basically has people buy franchises whereby they are paying into it. Again, it's a passive investment because it's intellectual property, so it will be taxed at a much higher level than if it had been an international company coming in with the same strategy. This is where I think the differences are, and I don't think the government is giving a lot of clarity on that.
On October 20th, 2017. See this statement in context.