The government wants trusts to pay a minimum 30% tax. What’s behind the changes?

By Robert B Whait, Senior Lecturer in Taxation Law, Adelaide University
Connie Vitale, Associate professor accounting, Western Sydney University

This week, the federal government introduced into parliament proposed changes to discretionary trusts, imposing a new minimum 30% tax rate on income from trusts.

While these trusts can have legitimate uses, particularly for small businesses, they can also be used as a tax minimisation strategy for wealthy individuals.

Treasurer Jim Chalmers told parliament more…

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