The Brutal TRUTH About The "BABY TAX" #shorts #australia #government #policy

By Scott Kuru

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Family trusts are supposed to give families flexibility. Because families don’t stay the same forever. Another child can be born. Someone can get sick or injured. Your children can have children of their own. Financial circumstances can completely change over 5, 10 or 15 years. That’s what concerns me about these proposed trust changes. Families could effectively face a choice between preserving their existing tax treatment or preserving the flexibility to adapt their trust as life changes. You shouldn’t have to predict your entire family’s future today just to avoid being penalised by the tax system tomorrow. Tax policy needs to reflect how everyday Australians actually LIVE. Do you think these proposed rules are fair? Let me know in the comments. 👉

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