This piece from Accountants Daily has some interesting insights. It’s titled Small business tax system ‘crying out for simplification’.

It offers up a lot of interesting perspectives. Here’s a short excerpt:

The current interaction of the two-tiered corporate tax rate, the imputation system, the rules in Division 6 applying to trusts and Division 7A has resulted in many more corporate beneficiaries being set up than would have been the case if there was a less penal rate of rate for trusts that do not fully distribute their business profits.

To learn more about it, take a look at the rest of the article. Just click on this link to Accountants Daily.