Taxation of Trusts



Taxes on personal income prompt behavioural responses as individuals seek to maximise their well-being, often by minimising their tax burden. The elasticity of taxable income… Read More ›

Individuals’ Responsiveness to Marginal Tax Rates: Evidence from Bunching in the Australian Personal Income Tax

In Australia, business structures are often discussed in isolation, as sole traders, partnerships, companies, or trusts. In practice, however, there is a tendency for advisors… Read More ›

Not in Isolation: The Rationale for a Combination of Business Structures in Australia

That the government has announced it is cracking down on egregious use of tax minimisation schemes is acknowledgement of a major fault with Australia’s tax… Read More ›

Level the Tax-Raising Playing Field

One does not have to look at the annual Taxation Statistics to know that many young people are being used as the central element of… Read More ›

Reform Needed to Stamp Out Use of Children as “Taxpayer” of Convenience

The popular view is that the discretionary trust (often called a family trust) is essentially an income tax minimisation vehicle that causes large losses to… Read More ›

Discretionary Trusts: How and Why the Income Tax Rules are Grossly Unfair

Complexity is a recurring criticism of tax systems. Using the introduction of Real Estate Investment Trusts (REITs) in the United Kingdom, we examine how managers… Read More ›

How Do Managers and Shareholders Respond to Taxation? An Analysis of the Introduction of the UK Real Estate Investment Trust Legislation

Much has been written about the Stage 3 income tax cuts and how they mainly benefit high income earners (for example, see this recent ABC… Read More ›

[October Budget 2022] What the Budget Did Not Address – Unfair Tax Minimisation Using Discretionary Trusts

In Budget 2022-23, the Government announced it would provide $652.6 million to the Australian Taxation Office (ATO) over two years to extend the operation of… Read More ›

[Budget Forum 2022] Trusts and Tax Avoidance – Extension of Funding for ATO Taskforce

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