High-income earners use discretionary trusts to pay less tax, but will budget change have unintended consequences?

The federal budget includes a new 30 per cent minimum tax on discretionary trusts. Experts say it is not just the ultra-wealthy that will be hit.
Australian Broadcasting Corporation

Treasurer says 'death tax' claims are a scare campaign, 'pure and simple'

The federal government wants to impose a minimum 30 per cent tax rate on discretionary trusts, including those established at death, known as "testamentary trusts". The Coalition claims taxing ...