Most Australians don’t use trusts, but the government’s planned changes to the tax status of them has proven controversial * Get our new political email, free app or daily news podcast The Albanese government on Wednesday introduced into parliament rules that will place a minimum 30% tax on income received from discretionary trusts. It is the latest legislation from what Jim Chalmers, the treasurer, has humbly titled “the most ambitious tax reform in a generation”. Continue reading...
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