#tax reform

2 stories

#albanese government #australia #australian chamber of commerce and indus #discretionary trusts #federal income tax #high earners #income inequality #irs #jim chalmers #marginal tax rate #minimum tax #national debt

Australia's 30% tax on family trusts divides small business
The Albanese government's plan to tax discretionary trusts at a minimum 30% rate aims to close a tax loophole for the wealthy, but small businesses say restructuring will cost billions.
the Guardian · 2m
7 new tax brackets proposed for high earners
A policy proposal would double federal tax brackets to 14, adding seven new rates for the wealthiest Americans.
Kiplinger · 2m