☮ ♥ ♬ 🧑💻“Buried in the #budget papers is a revelation that Labor plans to impose a minimum effective #tax rate of 51 per cent on distributions from #discretionary #trusts to so-called bucket #companies.
The move is aimed squarely at the “hundreds of thousands” of people who use such strategies to split income with their #families”
Who has a family trust?
This is the new “Franking Credit” squeals from the Pearl clutching set. Isn’t it?
#AusPol / #RulingClass / #wealth / #power <https://archive.md/t2rFf> / (paywall) <https://afr.com/wealth/investing/how-labor-is-killing-family-trusts-starting-with-the-bucket-company-20260513-p5zw9r>
Lisa J. Warner / Lisa Luv
