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In their 2025 Budget reply speech, opposition leader Peter Dutton outlined several key measures aimed at addressing Australia's economic challenges and setting the Coalition's agenda ahead of the May 3 federal election.
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By carefully managing the timing of a taxable presence, Australian
companies can expand offshore while keeping income tax obligations in
Australia – maximising franking credits and minimising tax complexity.
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With the company tax return deadlines behind us, the spotlight turns to trust taxation as a key area of focus for the Australian Taxation Office (ATO). Trusts remain a popular structure for asset protection and income distribution, but they also present unique challenges due to evolving interpretations of tax laws. Here's an overview of the ATO's current approach and what trustees and beneficiaries need to know to stay compliant.