" introduce income testing for trusts and company structures used for tax avoidance, minimisation i.e determining the ultimate beneficiaries."
in the case of trusts, they don't pay tax, the ultimate beneficiaries pay tax on their share of income distributed by the trusts. I am talking about discretionary trust which has been used by many as a tax planning vehicle.
May be make trusts pay tax at the highest personal tax rate and distribution to ultimate beneficiaries of after tax income to be tax free. This will reduce the attractiveness of trust as a tax planning vehicle.
