Under the proposal, announced by Bill Shorten at the New South Wales state Labor conference on Sunday, distributions from most so-called discretionary trusts will be taxed at a minimum rate of 30 per cent.
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Trust changes to hit tax-minimising business owners: expert
Small businesses have expressed concern about the Opposition's plan to tax payments from trusts at a minimum rate of 30 per cent, but experts are of the view only tax minimisers will likely be affected.
