Minimum Tax on Discretionary Trusts – Submission to Treasury
CCA’s submission to Treasury says that imposing an upfront 30% tax on charitable distributions made by discretionary ‘family’ trusts (a Trust Tax) will have a significant and adverse impact on giving and funding to charities and community groups. The government should counterbalance these reforms by widening eligibility for DGR status, with other key measures, to prevent a reduction in charitable giving.
