The Guardian Australia – News
·general
·1 hour ago
Government moves to curb wealthy families' tax-minimizing discretionary trusts
Australia's government is poised to curb discretionary family trusts used by the wealthy to minimize taxes, alongside expected changes to capital gains tax discounts. The number of discretionary trusts has grown to 1.02 million from 328,725 in 1990-91, allowing high earners to split income and reduce tax bills by up to 43 percent.
Summary by Glance · The Guardian Australia – News
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