Possible new tax law

[harm_less]

The PM's stance on CGT is a difficulty but implementing a similar taxation regime by another title would solve that and is more likely than not IMO.

Nowhere did I claim that any of what I described was illegal. My point was that the practice of minimising one's tax burden is not just the territory of the 'big boys' so any change that affects big business needs to ensure it doesn't disadvantage small businesses.

And so far as income earned in addition to superannuation is concerned the tax reckoning occurs at the end of the year when total income is tallied up, benefits and all, so a portion of that superannuation can often be paid back as a result. Aged care eligibility is asset tested with the limit being $239,930. Anyone involved in rest home care situations are all too aware that some well heeled elderly avoid this threshold by way of their assets having been migrated into trusts. This also serves to disguise their investment income with tax advantages in regard to their benefit security.

Widely reported.  In fact may have even been mentioned in the article attached to the OP.  And I didn't mention rest home care - you did.

Yes I did mention aged care in the post that this discussion is related to. What else did you construe aged care to mean if not rest home care?