Labor’s justification for imposing a new 30 per cent minimum tax on discretionary trusts relies on hypothetical examples of tax avoidance that are already banned and subject to a crackdown by the ...

The federal budget includes a new 30 per cent minimum tax on discretionary trusts. From July 1, 2028, income generated within a discretionary trust will be taxed at 30 per cent, with the tax paid out ...

Discretionary trusts have been slapped with a 30% minimum tax amid a slew of "fairer tax arrangements" reforms in the 2026-27 Budget to address intergenerational inequity. From 1 July 2028, Treasurer ...

A new 30% minimum tax rate is coming for discretionary trusts, carving into a system the Albanese government says benefits wealthy individuals and families to the detriment of “ordinary workers”.

Media speculation is that Labor may seek to revive the minimum tax on trust distributions first proposed in 2017 by then Labor leader Bill Shorten. This policy was a key part of Labor’s proposed tax ...