The ATO has told Fairfax Media it is conducting a pilot program to determine whether trusts are complying with tough anti-avoidance rules when they distribute income to tax-exempt beneficiaries.
Read the full story at The Sydney Morning Herald.
ATO turns its eye to tax avoidance via trusts
People who use trusts to shelter income and thereby avoid tax could be hit with higher bills under a review by the Australian Taxation Office.
