Congratulations! It’s a birth tax

We’ve had the widow’s tax and the super tax - now there’s a birth tax hidden in the federal Government’s shakeup to the way trusts work. The Australian’s revealing today the changes could make it harder for tradies and small business owners to hand over to a new generation. Read more about this story at theaustralian.com.au and see the video by subscribing to our YouTube channel. Labor’s trust tax reform creates ‘newborn tax’ Commentary by Robert Gottliebsen: Treasurer’s trust tax changes risk ‘long-term disaster’ for families, Aus economy Jim Chalmers warned trust tax plan will bury businesses in costs and delays State revenue offices leave door open to tax trusts switching to fixed distribution model This episode of The Front is presented by Claire Harvey, produced by Kristen Amiet and edited by Joshua Burton. Our team includes Lia Tsamoglou, Tiffany Dimmack, and Jasper Leak, who also composed our music. See omnystudio.com/listener for privacy information.