This paper covers:
- the RMIT report - key issues identified
- issue 1: income tax shuffling
- issue 2: complex trust distributions
- issue 3: non-lodgement and lodgement patterns
- issue 4: transparency and international obligations
- the fundamental advantages of discretionary trusts in light of the RMIT report
- companies as preferred trading vehicles with discretionary trust shareholders - the Division 7A pros and cons
- trusts as the trading company shareholder - the franking credit issues
- difficulties with trusts in business and family succession.