Chalmers defends trust tax amid business backlash
Treasurer Jim Chalmers defends the government's proposed 30 per cent minimum tax on discretionary trusts, which will affect approximately 200,000 small businesses annually. The budget proposal faces opposition from the Coalition and business lobby groups, while the Greens argue it doesn't go far enough. Prime Minister Anthony Albanese has attempted to repair relations with the business community following the ATO credit card ban controversy, amid speculation of tension between him and the Treasurer.
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