Business rents seekers bawl at Labor’s trust reforms

Tuesday 16 April 2019

The Australian Chamber of Commerce & Industry (ACCI) and the Council of Small Business of Australia (COSBA) has urged Labor to reconsider its proposed $17 billion reforms to the taxation of discretionary trusts, arguing that many small and family-owned businesses could be adversely affected by the policy. From The Australian:

“Our small business members have expressed concern about the proposed changes to discretionary trusts proposed by Labor,” [ACCI chief James Pearson said].

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.