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this post was submitted on 22 May 2026
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Australian Politics
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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