Finance Minister considers exempting some trusts from 39% tax rate, but Taxpayers' Union Campaigns Manager argues against it, citing rushed, unfair, and unworkable policy.

Finance Minister considers exempting some trusts from 39% tax rate, but Taxpayers' Union Campaigns Manager Connor Molloy argues that the tax hike hasn't been properly thought through, leading to rushed, unfair, and unworkable policy. Mooted changes may still punish those using trusts for reasons other than tax, such as farmers and small business owners. Molloy urges Nicola Willis to put the tax hike on hold and focus on cutting spending instead.

February 27, 2024
5 Articles