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AAP
AAP
Politics
Jacob Shteyman and Lucinda Garbutt-Young

Businesses 'busting arse' to be punished by tax bill

Greens Labor Jim Chalmers
The government faces staunch opposition after introducing its tax trust bill to parliament. (HANDOUT/ATO and Treasury)

The treasurer remains upbeat as he tries to sell proposed changes to discretionary trusts, but it will be an uphill battle to appease both the small businesses and the progressive party the government needs onside to legislate the plan.

Jim Chalmers introduced the legislation on Wednesday, telling the lower house it would "better align" the tax treatment of work and asset income.

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