Pitch Engine
The Property Pack

.

Testamentary trusts are one of the last truly outrageous means of avoiding tax

  • Written by Dale Boccabella, Associate Professor of Taxation Law, UNSW
Testamentary trusts are one of the last truly outrageous means of avoiding taxScott Graham/Upsplash

It’s one thing to bring forward tax cuts, as the government is thinking of doing in the October budget.

It’s another to leave wide open an arrangement that allows substantial tax minimisation (or elimination) on income of a trust for generations.

Many people know about discretionary trusts, often called family trusts....

Read more: Testamentary trusts are one of the last truly outrageous means of avoiding tax

More Articles ...

  1. Keating is right. The Reserve Bank should do more. It needs to aim for more inflation
  2. New Zealand companies lag behind others in their reporting on climate change, and that's a risk to their reputation
  3. It's not only Westpac. What's behind the biggest fine in Australian corporate history
  4. More neurotic, less agreeable, less conscientious: how job insecurity shapes your personality
  5. 'If JobSeeker was cut, the unemployed would be picking fruit'? Why that's not true
  6. Why do bankers behave so badly? They make too much money to ask questions
  7. The major parties' tax promises are more about ideology and psychology than equity or fairness for New Zealanders
  8. Yes government debt is cheap, but that doesn't mean it comes risk-free
  9. Athlete activism or corporate woke washing? Getting it right in the age of Black Lives Matter is a tough game
  10. Vital Signs: 50 years ago Milton Friedman told us greed was good. He was half right
  11. Who suffers most from Melbourne’s extended lockdown? Hint: they are not necessarily particularly vocal 
  12. Super funds are feeling the financial heat from climate change
  13. Tasmania's tax system is broken: here are three ways to fix it
  14. 3 keys to meaningful work: an employer who cares about the environment, society and you
  15. In gold we trust: why bullion is still a safe haven in times of crisis
  16. Are your devices spying on you? Australia's very small step to make the Internet of Things safer
  17. The sackings at Rio look like a victory for shareholders, but...
  18. Corporate dysfunction on Indigenous affairs: Why heads rolled at Rio Tinto
  19. Winding back JobKeeper and JobSeeker will push 740,000 Australians into poverty
  20. Vital Signs: batch testing and contact tracing are the two keys to stop the lockdown yo-yo
  21. Relax, losing access to China won't make us the 'poor white trash of Asia'
  22. With their conservative promises, Labour and National lock in existing unfairness in New Zealand's tax system
  23. Clive Palmer versus (Western) Australia. He could survive a High Court loss if his company is found to be “foreign”
  24. China's leaders are strong and emboldened. It's wrong to see them as weak and insecure
  25. Now we'll need $100-$120 billion. Why the budget has to spend big to avoid scarring
  26. The modelling behind Melbourne's extended city-wide lockdown is problematic
  27. Tracking Victoria's job losses: there's no road to recovery without containing COVID-19
  28. Morrison is right. All governments will need to spend more to get us out of the crisis
  29. Vital Signs: How do you fight a recession without precedent?
  30. Have we just stumbled on the biggest productivity increase of the century?
  31. Six graphs that explain Australia's recession
  32. When it comes to economic reform, the old days really were better. We checked
  33. Is ASIC more concerned about relationships with boards than enforcing the law?
  34. 4 things governments can do to help small business
  35. Recovering water for the environment in the Murray-Darling: farm upgrades increase water prices more than buybacks
  36. Australia's top economists oppose the next increases in compulsory super: new poll
  37. Sexual harassment at work isn't just discrimination. It needs to be treated as a health and safety issue
  38. Vital Signs: No, we won't change the corporate world with divestment and boycotts
  39. Trouble at the mall as landlords and tenants ponder mutually assured destruction
  40. Social licence: the idea AMP should embrace now David Murray has left the building
  41. AMP doesn’t just have a women problem. It has an everyone problem
  42. Algorithms workers can't see are increasingly pulling the management strings
  43. With management resistance overcome, working from home may be here to stay
  44. Ah shucks, how bushfires can harm and even kill our delicious oysters
  45. $37.7 million is a new Australian record. Why our corporate chiefs are paid so well
  46. Vital Signs: the Reserve Bank has done as much as it can. Now it's up to the government
  47. It's hard to tell why China is targeting Australian wine. There are two possibilities
  48. More urban sprawl while jobs cluster: working from home will reshape the nation
  49. When houses earn more than jobs: how we lost control of Australian house prices and how to get it back
  50. Workplace transmissions: a predictable result of the class divide in worker rights