Claims extracted
21
sentences that state something as happening or true
Uncertain
5%
1 of 21 hedged
("reportedly", "may", "according to")
Leaning
Leans left
of the writing, not the subject · beta estimate
Publisher signals
61/100
The Sydney Morning Herald's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
2
Politics
Same framing elsewhere
1
articles that frame the event the way this one does
The Greens are demanding the government hike taxes on parents paying for private school fees through trusts, arguing there is a loophole in the budget reforms.
asserted
government → demand → reforms
Labor needs the support of the Greens in the Senate to pass the tax on trusts, with the Coalition staunchly opposed to any tax hikes.
asserted
Coalition → need → hikes
Treasurer Jim Chalmers has already been forced to walk back a number of measures in the May budget after unforseen consequences copped backlash.
uncertain
consequences → force → backlash
But the Greens are concerned the government has gone too far in the carveouts, and will kick the bill to a Senate inquiry after Chalmers introduced the legislation to parliament on Wednesday.
asserted
Chalmers → concern → Wednesday
The minor party wants to interrogate an exemption to the proposed 30 per cent minimum tax on discretionary trusts, which would exclude money paid to charities.
asserted
which → want → charities
While the bill does not name which entities will be exempt, some private schools hold charitable status, potentially excluding disbursements to them through trusts from the 30 per cent tax.
Greens economic spokesman Nick McKim said the party had serious concerns about the exemption.
“It seems as if it will be possible for people with trusts to pay private school fees or donations to private schools, and not be subject to the 30 per cent minimum tax,” the senator said.
asserted
senator → name → tax
“People with trusts, in general terms, are quite well-off, and we don’t think they should get a benefit that is not available to people who don’t have trusts – because money that goes into trusts is tax-free, but people who don’t have a trust are paying income tax.
asserted
who → think → tax
“You need to be wealthy enough to afford a fancy accountant, or at least some accounting advice, which is not available to everyone.”
asserted
which → need → everyone
McKim would not say whether the change was a red line for the party, but said it would consider the evidence in the inquiry.
asserted
it → say → inquiry
“Once we’ve been through that process, we’re happy to sit down with the government and have a conversation.”
asserted
we → ’re → conversation
The government is not expected to move on the Greens demands, given the arrangement has always been a feature of trusts.
asserted
arrangement → expect → trusts
But it poses a challenge to the government, which needs Greens’ support to pass the reforms.
asserted
which → pose → reforms
Chalmers said on Wednesday morning there was good reason for charitable exemptions.
asserted
Chalmers → say → exemptions
“We’ve tried to make sure that there are reasonable arrangements for charities, for not-for-profits, which reflect some of the current arrangements that are in place,” he told the ABC’s RN Breakfast.
asserted
he → try → Breakfast
“This is a very specific sliver of what’s being proposed here.
asserted
what → propose → ?
Obviously, the Greens will have the opportunity in the House of Representatives and in the Senate to raise these sorts of issues.”
asserted
Greens → have → issues
Shadow treasurer Tim Wilson was scathing of the bill and demanded an inquiry, accusing Labor MPs of failing to understand how small businesses that rely on trusts to structure their tax affairs work.
asserted
that → demand → affairs
“Do not misunderstand the scale of the train wreck that is about to come.
asserted
that → misunderstand → wreck
You have a problem at the moment with the legislation in front of you, where if people move structures, once they move structures, it automatically ... triggers a stamp duty obligation.
asserted
it → have → obligation
“The members on the other side of this chamber did not have the courage to send this legislation to an election and that is the point of why we need this inquiry.”
asserted
we → have → inquiry
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asserted
Subscribers → sign → newsletter
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