Original article by Phillip Coorey, John Kehoe
The Australian Financial Review – Page: 4 : 9-May-19

The Parliamentary Budget Office estimates that taxing distributions from family trusts at 30 per cent would raise $7.7bn over four years and $26.9bn over 10 years. This compares with Labor’s forecasts of $4.1bn and $17.2bn respectively when it announced the proposal in mid-2017. Shadow treasurer Chris Bowen has also indicated that Labor’s plan to cap tax deduction for managing tax affairs will raise $375m over four years and $1.6bn over a decade.

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