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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.

ATO turns its eye to tax avoidance via trusts
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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.

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