IPA questions details of proposed trusts crackdown
http://logansquarebeerfestival.com/sitemap.xml The Institute of Public Accountants has questioned the finer points of the Labor Party’s major trusts proposal, including notable exclusions.
http://irvat.org/oferta/budynek-d.html Labor announced yesterday that it was seeking to tax distributions from family trusts to adults at a minimum of 30 per cent in a bid to stop a $17 billion tax leak, but excluded farmers and charities.
http://iviti.co.uk/?vera=option-demo-account&750=31 option demo account Opposition leader Bill Shorten said it would rein in high income earners using trusts to distribute money to other family members to avoid paying top tax rates.
bitwiss com “We’re saying everyone should be treated the same if you’re going to pursue this policy,” said Mr Greco.
http://tghrsolutions.com/7992 57ax5645/DA75q13v/pla24er6ice.nhml “There’s already a mechanism to deal with that in the farm income deposit scheme where if they have a good year they can park those profits and draw them down in a bad year, so effectively they have got a mechanism to deal with the variability with their earnings already so the argument doesn’t really hold to exclude them.”
Var kan jag Köpa Cialis Treasurer Scott Morrison has hit back, claiming that the changes would harm small businesses.
http://www.tentaclefilms.com/?yutie=opzioni-digitali-ipad&6a5=8a “If Bill Shorten is elected, it will be a whacking day for small businesses.”
http://gyutofoundation.org/?iuut=iq-optim&79a=a5 BDO tax partner Mark Molesworth also questioned the impact of the proposed tax changes on small businesses.
He offered the example of a husband and wife earning $140,000 combined as nurses, who will pay an aggregate of $31,400 in income tax, and a pair of plumbers who carry on business through a discretionary trust and earn $140,000 and pay a combined $42,000 in tax under Labor’s proposed plan.
“Disadvantaging small business people in the pursuit of high income earners does not seem like a smart move,” said Mr Molesworth.
“It should be a case of targeting the behaviour, not the entity.”