Tax changes to discretionary trusts are likely – what is happening and why are some Australians upset?

Most Australians don’t use trusts, but the government’s planned changes to the tax status of them has proven controversial

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The Albanese government on Wednesday introduced into parliament rules that will place a minimum 30% tax on income received from discretionary trusts.

It is the latest legislation from what Jim Chalmers, the treasurer, has humbly titled “the most ambitious tax reform in a generation”.

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