Trust tax overhaul: Treasurer Jim Chalmers’ attempted exemption creates tax on newborns

The Australian’s revealing today the changes could make it harder for tradies and small business owners to hand over to a new generation.

We’ve had the widow’s tax and the super tax - now there’s a birth tax hidden in the federal Government’s shakeup to the way trusts work. The Australian’s revealing today the changes could make it harder for tradies and small business owners to hand over to a new generation.

Read more about this story at theaustralian.com.au and see the video by subscribing to our YouTube channel.

Labor’s trust tax reform creates ‘newborn tax’

Commentary by Robert Gottliebsen: Treasurer’s trust tax changes risk ‘long-term disaster’ for families, Aus economy

Jim Chalmers warned trust tax plan will bury businesses in costs and delays

State revenue offices leave door open to tax trusts switching to fixed distribution model

This episode of The Front is presented by Claire Harvey, produced by Kristen Amiet and edited by Joshua Burton. Our team includes Lia Tsamoglou, Tiffany Dimmack, and Jasper Leak, who also composed our music. 

We&rsquo;ve had the widow&rsquo;s tax and the super tax - now there&rsquo;s a birth tax hidden in the federal Government&rsquo;s shakeup to the way trusts work. The Australian&rsquo;s revealing today the changes could make it harder for tradies and small business owners to hand over to a new generation.
Read more about this story at <a href="http://theaustralian.com.au">theaustralian.com.au</a> and see the video by subscribing to our <a href="https://m.youtube.com/playlist?list=PLfDC8EeZJyt1IVjv5bCRbFBkTl-VYpJyf">YouTube channel</a>.
<a href="https://www.theaustralian.com.au/nation/politics/labors-trust-tax-reform-creates-newborn-tax/news-story/5e3faab6357e969b275cd3556fa4dcea">Labor&rsquo;s trust tax reform creates &lsquo;newborn tax&rsquo;</a>
Commentary by Robert Gottliebsen: <a href="https://www.theaustralian.com.au/commentary/treasurers-trust-tax-changes-risk-longterm-disaster-for-families-aus-economy/news-story/6f259bc6b05d087538da5d869ffe08af">Treasurer&rsquo;s trust tax changes risk &lsquo;long-term disaster&rsquo; for families, Aus economy</a>
<a href="https://www.theaustralian.com.au/nation/jim-chalmers-warned-trust-tax-plan-will-bury-businesses-in-costs-and-delays/news-story/d173bbcf91dfeb2a52afa4cfc8e5d1ba">Jim Chalmers warned trust tax plan will bury businesses in costs and delays</a>
<a href="https://www.theaustralian.com.au/nation/state-revenue-offices-leave-door-open-to-tax-trusts-switching-to-fixed-distribution-model/news-story/8ab02c18a7e107bf6ddf8a005caf3a8e">State revenue offices leave door open to tax trusts switching to fixed distribution model</a>
This episode of The Front is presented by Claire Harvey, produced by Kristen Amiet and edited by Joshua Burton. Our team includes Lia Tsamoglou, Tiffany Dimmack, and Jasper Leak, who also composed our music.&nbsp;

The Front brings the unrivalled journalism of Australia's national broadsheet to audio, featuring behind-the-scenes insight from our newsrooms.

The Front brings the unrivalled journalism of Australia’s national broadsheet to audio, featuring each day’s essential page one stories, journalists’ candid take on the issues that matter and behind-the-scenes insight from our newsrooms. 

To find out more about The Front you can link here and for more from the newsroom at The Australian link here or search for The Australian in your app store.

The Front brings the unrivalled journalism of Australia&rsquo;s national broadsheet to audio, featuring each day&rsquo;s essential page one stories, journalists&rsquo; candid take on the issues that matter and behind-the-scenes insight from our newsrooms.&nbsp;
To find out more about The Front you can link <a href="https://www.theaustralian.com.au/nation/the-front/podcast/7e7d42e8c77b597cf8532d2e0c847e10">here</a> and for more from the newsroom at The Australian link <a href="https://www.theaustralian.com.au/">here</a> or search for The Australian in your app store.

The Front brings the unrivalled journalism of Australia’s national broadsheet to audio, featuring each day’s essential page one stories.

The Front

The Front brings the unrivalled journalism of Australia’s national broadsheet to audio, featuring each day’s essential page one stories, journalists’ candid take on the issues that matter and behind-the-scenes insight from our newsrooms.

To find out more about The Front you can link here and for more from the newsroom at The Australian link here or search for The Australian in your app store.

The Front brings the unrivalled journalism of Australia&rsquo;s national broadsheet to audio, featuring each day&rsquo;s essential page one stories, journalists&rsquo; candid take on the issues that matter and behind-the-scenes insight from our newsrooms.
To find out more about The Front you can link <a href="https://www.theaustralian.com.au/nation/the-front/podcast/7e7d42e8c77b597cf8532d2e0c847e10">here</a> and for more from the newsroom at The Australian link <a href="https://www.theaustralian.com.au/">here</a> or search for The Australian in your app store.

Congratulations! It’s a birth tax

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/b8b8dcb2-1c5f-4910-ab45-b4c0007e0234/transcript