a previously identified fed budget benefit, page-6

Well given that a lot of these trusts pay distributions that are partly tax-defered, not sure of the next benefit.

Also, all the rich people will send their money to Bermuda and the Cayman islands now , to reinvest in Australia. Unless you are one of those people, this trend is a BAD TREND for taxpayers.

Opes 100m black hole in Mauritius or the seychelles or the comoros or wherever it was, what do you think that was for ?

Or the offset alpine insurance claim ?