SMH
·general
·1 hour ago
Australia imposes 30 percent minimum tax on trust income from July 2028
Australia's federal government announced a 30 percent minimum tax on trust income starting July 2028, replacing the current system that allows income splitting among beneficiaries. Dr Joseph De Zylva, a Northern Territory physician who received bursary support as a student, warned the change could prevent trusts from funding educational opportunities for disadvantaged young people.
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