The Age
·general
·1 hour ago
Australia introduces 30 percent minimum tax on family trust income from 2028
Australia's government announced a 30 percent minimum tax on family trust income starting July 2028, replacing the current system that allows income-splitting among beneficiaries. Dr Joseph De Zylva, who received a bursary as a student, fears the change will discourage charitable giving and harm lower-income Australians.
Summary by Glance · The Age
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