Trusts and Tax Avoidance

by David Richardson

A new report released today from The Australia Institute’s Senior Research Fellow, David Richardson shows that, according to ATO data, the equivalent of 21.6 per cent of Australia’s national income was run through a trust.

The latest ATO figures show there are 823,448 trusts with assets of $3.1 trillion, and total business income of $349.2 billion.

The flow of money out of these trusts is skewed heavily towards those on very high incomes.

Full report