Tax changes to discretionary trusts are likely – what is happening and why are some Australians upset?
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...
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.theguardian.com — the content belongs to The Guardian Australia - Australian Politics.
