Quite welcome to expand on what you think the tax 'loopholes' are under trust, but needless to say next to nominal there.
Asset protection is primarily what the trust vehicles have been developed for.
Your simplistic alteration, would have unintended (But non the less) impact on the strength of the economy & stifle any investment..Money would find a better haven (offshore) & we would wallow in our own quagmire.
I assume GST on ALL items (no exceptions) & I am sure an increase will happen in my life time (depite Howard saying it will never ever come in)...............
Not anti GST as we are all consumers (rich & Poor) , just takes a larger portion of spending capacity from those that can afford it the least.
