Joyce likens US public execution to ‘Roman amphitheatre’ – as it happened

This blog is now closed Get our breaking news email , free app or daily news podcast Labor not watering down 30% tax on discretionary trusts, says assistant treasurer The assistant treasurer, Daniel Mulino , says Labor is not watering down proposed changes to put a minimum 30% tax on discretionary trusts. We’re not watering this down. This is a very substantial review. This is about fairness in our tax system.

It’s about trying to better align the taxes that people pay when they earn income through trusts versus when they earn income from working, from providing their labour. These are changes that have been called for by experts for decades. If we go back to major reviews in the 1970s and all the way through the Howard government, the Henry review, even the Abbott government’s review, these changes to trust taxation have been called for. I think he’s getting that from lots of corners.…