How One Little-Known Loophole Fuels Toxic Dynastic Wealth

Contributing sentiments towards policy:

53% : In the case of a trust providing for multiple generations of an ultra-rich person's descendants, the additional layer of tax would occur as each generation of descendants passed on and the next generation became the primary beneficiaries of the trust, or upon any distribution to a more remote descendant of the trust creator than the beneficiaries then nearest in generation to the trust creator.
49% : The GST works by imposing an additional layer of tax on wealth transfers that skip a generation, for example, from grandparent to grandchild.

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