ATO turns its eye to tax avoidance via trusts
People who use trusts to shelter income and thereby avoid tax could be hit with higher bills under a review by the Australian Taxation Office.
The ATO has told Fairfax Media it is conducting a pilot program to determine whether trusts are complying with tough anti-avoidance rules when they distribute income to tax-exempt beneficiaries.
Read the full story at The Sydney Morning Herald.
