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The Times

Family and business trusts could soon have to pay more tax – with a few likely exceptions

  • Written by Donovan Castelyn, Senior Industry Fellow - Taxation and Director of the UTAS Tax Clinic, University of Tasmania

Should some of Australia’s more than 1 million family and small business trusts face higher taxes in future, bringing them closer to what ordinary wage earners already pay in income tax?

We’re about to find out on Tuesday night.

Trusts are widely used by farmers, family businesses, professionals, property investors and high-income...

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