SMSFs avoidance on tax, page-26

  1. 9,687 Posts.
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    i believe most australians would have accepted broken promises in the budget if they were sensible.
    i think there should be a limit on super maybe 2 million before very generous (no tax) concessions are reduced and maybe i have this wrong but its for retirement so i don't understand why you can have more than two beneficiares.eg a couple no kids.
    But the most obvious area that needs change is trusts and i agree with car concessions and negative gearing alterations and gst changes.
    Most of above i believe most would accept as long as some concessions for some.
    But you never hear politicians talk about trusts for a reason,the obvious reason to many connected wealthy have family trusts.
    ps i think at one stage keating mentioned trusts but like a couple of other things like co payments never really got off the ground unfortunately imo.
 
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