Tax changes to discretionary trusts are likely – what is happening and why are some Australians upset?
Most Australians don’t use trusts, but the government’s planned changes to the tax status of them has proven controversial The Albanese government on Wednesday introduced into parliament rules that will place a minimum 30% tax on income received from discretionary trusts. It is the latest legislation from what Jim Chalmers, the treasurer, has humbly titled “the most ambitious tax reform in a generation”.
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UK plans law requiring salaries in job adverts
The government says it will bring forward legislation as soon as possible and urges employers to publish pay now, while the scope and enforcement remain unsettled.
Democratic lawmakers call for data center moratorium and AI pause
After the midterms, Bernie Sanders urged a national data center moratorium, while Yassamin Ansari said pausing AI development should be a priority for the new House majority.
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