Brisbane Times
·general
·1 hour ago
Australia implements 30 percent minimum tax on family trust income from July
Australia announced a 30 percent minimum tax on family trust income from July 2028, replacing the current system allowing beneficiaries to split income across tax brackets. Dr Joseph De Zylva, who received a bursary from a family trust to pursue medicine, fears the changes will discourage charitable giving.
Summary by Glance · Brisbane Times
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