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Jim Chalmers faces backlash after weighing up 30 per cent trust tax in Budget
May 1, 2026
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Posted 2 hours ago by
Treasurer Jim Chalmers is reportedly weighing up a minimum tax levy for trust funds in this year's Federal Budget. According to The Australian, distributions in all trusts except trusts used for estate planning would be subject to a minimum 30 per cent tax. The proposal has been brought up previously, including at the Treasurer's economic roundtable last year, but it may still be dismissed at the last minute.
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It's understood that more than three hundred thousand trusts would be affected by the change. The Treasurer's office declined to comment.
Sky News Australia
Coverage and analysis from Australia. All insights are generated by our AI narrative analysis engine.
Australia
Bias: right
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