Budget Targets Rich Tax Dodgers
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概要
Australias upcoming budget focuses on capital gains tax and family trusts, aiming to address tax loopholes for the wealthy. Millionaires often benefit from capital gains and trusts, allowing them to reduce taxes through the fifty percent CGT discount and strategic trust setups. The use of discretionary family trusts enables high earners to split income among family members, maximizing tax-free thresholds and low rates. The budget is rumored to scrap the fifty percent CGT discount for real gains and impose a thirty percent minimum tax on trust income, potentially saving the government up to two billion dollars annually. This move could level the playing field and ensure the wealthy pay their fair share of taxes.
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