http://www.dailytelegraph.com.au/news/national/ato-signals-tax-windfall-for-the-wealthy/news-story/b9ddf95cf3ae2fcb35bb3db74be12f99I don't normally read the Daily Terror but this article was passed across to me.
The small business tax cuts for companies previously applied only to active/trading/operating businesses, not passive investment companies that hold family wealth in shares and real estate etc.
That ruling may change... Suddenly makes setting up a company much more appealing if my marginal rate is 39% but I could house investments in a company at 27.5%, then distribute the earnings back to me when I'm FIRE and get all those franking credits back down the line.
