At a former workplace of mine, I overheard the directors discussing how their family trusts worked to minimise tax. These guys were on around a million dollar a year. (Publicly listed company)
I remember one saying, don’t worry, the government will never change the laws on trusts as they all use them too.
Never thought this labor govt would grow a spine, but it appears that’s slowly happening.
Good. Go after trusts.
At a former workplace of mine, I overheard the directors discussing how their family trusts worked to minimise tax. These guys were on around a million dollar a year. (Publicly listed company)
I remember one saying, don’t worry, the government will never change the laws on trusts as they all use them too.
Never thought this labor govt would grow a spine, but it appears that’s slowly happening.
Yeah, my ex boss was the same. He used one because it reduced tax
Trusts are 100% tax dodging