Albanese open to changes on trusts — but not on capital gains plan

WORKFORCE IS OPEN TO SOME CHANGES

Labor has said it will not budge on changes to capital gains tax but could throw a bone at its rivals by changing its plan to tax discretionary trusts at at least 30%.

The potential tax on these trusts has led the Australian media to coin one of their favorite and most alarming terms: “death tax”. These words have been uttered in countless headlines over the past few days.

Sydney Morning Herald Prime Minister reports Anthony Albanese “Open to changes” for this part of the budget.