The tax raid on family trusts

If you’ve got a family trust, you’re probably doing pretty well. They’ve been used for generations to distribute wealth and reduce tax bills. Now the government’s moving to make sure the tax office receives more from the earnings, imposing a minimum 30 percent tax on discretionary trusts. Today, Kristen Sobeck a tax expert at the University of Canberra on the new tax on trusts. Featured: Kristen Sobeck, economics lecturer at the University of Canberra