Treasury eyes tax on $60b in family trusts
John KehoeEconomics editor
Federal Treasury has ramped up scrutiny of family trusts, revealing that about 1.7 million people received income of almost $60 billion from the tax-friendly trust vehicles.
Trusts are often used by families, professionals, private businesses and farmers to protect assets and split investment income between beneficiaries, to take advantage of lower marginal tax rates.
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