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Regulatory

FAAA calls for rethink on trust tax overhaul

The Financial Advice Association (FAAA) has urged the federal government to reconsider its proposed minimum tax on discretionary trusts, warning the reforms could impose significant costs on small businesses, financial advisers and lower income Australians while failing to adequately target tax ministration.

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Read more: FAAA,  Australians,  Financial Advice Association,  Sarah Abood,  Treasury