Solomon Lew’s family affair

The billionaire’s bitter family trust dispute highlights a controversial tax shelter just weeks before the federal budget.

Solomon Lew is a man who normally gets his way: That’s often the case with billionaires. Though in his wrangle over a $600 million family trust he’s threatening not just to open what could be raw wounds within a retailing dynasty, but to highlight controversial aspects of a tax vehicle used by an estimated 800,000 Australians.

Worse still, he’s raising an ALP bugbear just weeks before a federal budget where Treasurer Wayne Swan will be combing the books looking for savings.

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