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AAP
AAP
Politics
Jacob Shteyman

Trust tax set for inquiry as businesses question costs

Federal budget changes to tax on trusts are heading to a Senate inquiry. (HANDOUT/ATO and Treasury)

Businesses will get a chance to air their grievances over Labor's proposed tax on discretionary trusts, which they warn could set them back billions of dollars in restructuring costs.

In a bid to placate the business community by offering a workaround for small firms to dodge the new tax, the government has inadvertently put the Greens offside.

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