Beneficial trusts and the new 39% personal income tax rate
The amount of beneficiary income paid to people earning more than $180,000 has halved.
High-income earners deriving benefits from trusts alter behaviour since tax rate changes.
It appears high-income earners who derive benefits from trusts have altered their behaviour as they try to mitigate the impact of the 39% tax rate.
After the new top tax rate was introduced, changes were also made to require greater disclosure by trusts to help Inland Revenue assess compliance with
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