Jul 30, 2026 – 1.43pmSmall businesses and their tax advisers are pleading for Treasurer Jim Chalmers to water down his crackdown on trusts, warning that small firms will be forced to pay tens of thousands of dollars in restructuring costs under the Albanese government’s plan.The primary target of the new 30 per cent minimum tax on discretionary trust distributions is tax minimisation and income splitting by wealthy families and small businesses, a measure that would raise more than $4 billion extra revenue a year for the government.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Chalmers urged to rethink trust tax ‘sledgehammer’ on SMEs
Small businesses and their tax advisers are pleading for relief from a Labor crackdown on trusts, warning that small firms will be slapped with large restructuring bills.
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