Get all your news in one place.
100's of premium titles.
One app.
Start reading
AAP
AAP

FED:Charity cheerleader brushes off impact of tax plan

Proposed taxes on trusts could limit the amount of money given to charities, but the minister responsible says it's the least of the sector's problems.

With more than $5 trillion expected to pass down the generations through wills and bequests over the next two decades, economist turned assistant charities minister Andrew Leigh hopes to make it easier to direct that money to charitable projects where it can make a real difference.

"Growing bequests requires culture, systems and trust," he told the National Press Club on Wednesday.

His call comes at the same time as the Labor government plans to slap a 30 per cent tax on the distribution income of trusts, which critics say could limit the amount given to charities.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.