More than 1.8 million Australians earn money from trusts, which can be legally used to reduce people’s tax bills. There may be changes coming in Tuesday’s budget.
Articles on Family trusts
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Even after death, managing wealth can be complicated, slow and deeply contested.
Would the policy be family-friendly, or discourage women from the paid workforce?
The media mogul has failed to have his “irrevocable” family trust changed in favour of his eldest son, Lachlan. But the family drama still has a long way to play out.
The use of family trusts in Australia is more widespread than many realise. How do they work, and why are they controversial?
Purporting to distribute money to children to take advantage of their tax-free thresholds sends
a message about how important it is to be truthful when complying with the tax law.
They not only direct tax-free income to children, but also to children who are yet to be born.
Labor has proposed a crackdown on discretionary trusts, which would raise $4.1 billion over the forward estimates and $17.2 billion over a decade.
The Panama Papers raise important questions as to whether trusts ought to be more open to public scrutiny. Blockchain could provide the answer.
The Australian Council of Social Service has called for the tax treatment of private trusts to be tightened, which it says could save $1.5 billion in 2017-18.
There been lots of debate on reforming the tax system - so why the silence on one of the most egregious ways of reducing tax - family trusts?
Just what are the issues we need to watch when it comes to tax reform? Read this explainer.
In the lead-up to a crucial federal budget in May, it could be argued that requiring the Commission of Audit to identify revenue trends that could pose a risk to the budget’s structural integrity could…
Family trusts have featured heavily as part of recent media reporting of the circumstances of two very high-profile families: the Rineharts and the Obeids. Of course, these are not the only families that…
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Associate Professor of Taxation Law, UNSW
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Professorial Fellow, University of Canberra
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Senior Industry Fellow - Taxation and Director of the UTAS Tax Clinic, University of Tasmania
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Adjunct Professor, Curtin Law School and Curtin Business School, Curtin University
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Professor of Taxation, Griffith University
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Lecturer Taxation, Griffith University
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PhD Student (Tax Law), Griffith University
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Professor of Journalism, The University of Melbourne
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Professor of Communication, Deakin University
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Distinguished Professor of Law, Rutgers University - Newark
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Professor of Law, University of Virginia
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Associate professor, University of Exeter