Matter of Trusts: Government Weighs New Tax Reform Fight
The government is considering changes to tax rules regarding family trusts, which are often used by farmers as a business tool.
A recent backflip by Labor on its superannuation tax overhaul has raised questions about the government's intentions for family trusts.
Labor's stunning backflip over the most contentious aspects of its superannuation tax overhaul earlier this week was widely applauded.
The government and Treasury have been discussing tax-friendly vehicles as part of a broader tax reform agenda to pay for income tax cuts.
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Author's summary: Government considers tax reform on family trusts.