Under changes hidden in the fine print of Labor’s Budget unveiled on Tuesday night, income generated by discretionary testamentary trusts would be subject to a minimum 30 per cent tax rate.
US President Donald Trump has issued a shock response to Chinese President Xi Jinping’s insult to the US, as a battle for global dominance takes shape.
LATIKA M BOURKE: Angus Taylor has finally given the Coalition a political direction but his aggressive reset on tax, migration and energy comes with major risks.
Opposition Leader Angus Taylor has unveiled a sweeping economic vision for Australia involving major tax reform and deep cuts to the nation's migrant intake.
One of Australia’s most successful entrepreneurs has slammed Labor’s budget and said they would never have started a global empire under the new capital gains tax rules.