politics Australia
Greens warn trust-tax exemption could cover private school fees
30%
The proposed tax would impose a 30 per cent minimum tax on some discretionary trusts.
The Australian Greens said a proposed 30 per cent minimum tax on some trusts could allow wealthy families to use trust payments for private school fees without paying the higher tax. The party called for a Senate inquiry and urged the government to close the exemption.
1 sourceabc.net.auUpdated
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The Australian Greens called for a Senate inquiry into the proposed trust tax.
“the party called for a Senate inquiry into the bill”
AllegedThe Greens said the proposed trust-tax exemption could allow private school fees to be paid from trusts without the proposed higher tax applying.
“The ABC can reveal the Greens' main concern is an exemption for money paid from trusts to charities, non-profits and other tax-exempt entities, including private schools.”
- 30%
The proposed tax would impose a 30 per cent minimum tax on some discretionary trusts.
“the bill to impose the 30 per cent minimum tax on some trusts”