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Latest news: State Budget and Tax

Startups wouldn't exist under tax reform, inquiry told

Startups wouldn't exist under tax reform, inquiry told

Investors are warning some of Australia's most successful companies wouldn't exist under proposed tax changes, as Labor pushes ahead with its planned reform.

Nation-first stamp duty cut gains federal endorsement

Nation-first stamp duty cut gains federal endorsement

Nation-first stamp duty cut gains federal endorsement

Nation-first stamp duty cut gains federal endorsement

The ACT has abolished stamp duty for first home buyers, prompting calls for other states and territories to follow suit.

Higher debt, cheaper homes as territory axes stamp duty

Higher debt, cheaper homes as territory axes stamp duty

Higher debt, cheaper homes as territory axes stamp duty

Higher debt, cheaper homes as territory axes stamp duty

Stamp duty will be abolished for ACT first home buyers in an Australian first, despite the territory budget set to surpass $12 billion in debt.

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'Apples with oranges': Labor brushes off Kiwi PM's dig

'Apples with oranges': Labor brushes off Kiwi PM's dig

A visiting leader's remark that taxing capital gains would be "disastrous" has been brushed aside by Labor figures who deny it was a dig at its big reforms.

'Not a lot': treasurer defends $53 billion debt burden

'Not a lot': treasurer defends $53 billion debt burden

A state debt of $53 billion is "not a lot", according to a treasurer pointing to a ratings agency's praise for the government's solid financial management.

Budget relief for families but debt burden soars

Budget relief for families but debt burden soars

South Australians will share in a $500 million package to ease the cost of living as the government insists a $53 billion debt won't spiral out of control.

Tobacco tax cut lit up as black market trade 'solution'

Tobacco tax cut lit up as black market trade 'solution'

A state government minister has conceded tobacco tax is fuelling rampant illegal trade as his federal Labor counterpart denies a cut would be a silver bullet.

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Liberals mull Greens alliance to kill off tax changes

Liberals mull Greens alliance to kill off tax changes

Liberals mull Greens alliance to kill off tax changes

Liberals mull Greens alliance to kill off tax changes

An unlikely political alliance could put the government's contentious changes to negative gearing and the capital gains tax discount in jeopardy.

Budget tightrope: balancing debt, cost of living relief

Budget tightrope: balancing debt, cost of living relief

Budget tightrope: balancing debt, cost of living relief

Budget tightrope: balancing debt, cost of living relief

A recently re-elected state government is tipped to focus on managing growing debt rather than cost of living relief when its budget is handed down.

Businesses still in dark on tax carve outs from budget

Businesses still in dark on tax carve outs from budget

Businesses still in dark on tax carve outs from budget

Businesses still in dark on tax carve outs from budget

Business owners are still yet to find out what exemptions could apply to them in changes to capital gains tax.

State budget to help unlock doors for first home buyers

State budget to help unlock doors for first home buyers

State budget to help unlock doors for first home buyers

State budget to help unlock doors for first home buyers

One state government has pledged to build hundreds of new homes for first home buyers only, with the first allotments already ready for sale.

'Vested interests' protest against housing tax changes

'Vested interests' protest against housing tax changes

'Vested interests' protest against housing tax changes

'Vested interests' protest against housing tax changes

The property industry is challenging the government's modelling on the impact the federal budget will have on renters and housing supply.

NZ shuns 'sugar hits' in budget, cuts growth forecast

NZ shuns 'sugar hits' in budget, cuts growth forecast

NZ shuns 'sugar hits' in budget, cuts growth forecast

NZ shuns 'sugar hits' in budget, cuts growth forecast

New Zealand has unveiled a bare-bones budget with a projected surplus sooner than expected, but few incentives for voters in an election year.

'Poison pill': coalition attacks Labor's tax 'wedge'

'Poison pill': coalition attacks Labor's tax 'wedge'

'Poison pill': coalition attacks Labor's tax 'wedge'

'Poison pill': coalition attacks Labor's tax 'wedge'

The coalition will still vote against the government's budget tax changes, even though it means voting against a $250 tax offset for working Australians.

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Labor happy with softer housing market since budget

Tax changes in the federal budget are already helping to level the playing field, according to the housing minister.

Labor warned against rushing through major tax overhaul

The Greens are likely to give their support to changes to negative gearing and the capital gains discount but businesses fear it will drive investors offshore.

Concerns, doubts over Tasmania budget cuts

Rating agency S&P Global says Tasmania's budget repair carries "high execution risk," doubting the government will follow through on $1.47 billion in cuts.

Island state to cut, cut, cut its way back to the black

Tasmania will spend more on servicing debt in 2026/27 than on police, fire and emergency services, showing the scale of the state's borrowing challenge.

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'God help us': warning as alcohol tax calls spill over

Calls are growing for the federal government to overhaul alcohol taxes to avoid a repeat of the black market takeover of cigarettes.

Tasmania economically growing - but so is its debt

Tasmania Premier Jeremy Rockliff says Treasury has tipped his state's economic growth to motor ahead in future years.

Auditor casts eye over 'devious' 40-year lottery deal

An independent auditor is probing whether a state government ran a competitive process before handing out a 40-year lottery deal after "exclusive" negotiations.

Land levy planned despite anti-'forever tax' pledge

A bid to overhaul emergency services funding could result in property owners paying hundreds of dollars for a land tax in one state.

Wharf termite repairs worm way into budget

The federal budget has carved out $10 million to tackle 'termites of the sea', as the Australian National Maritime Museum grapples with shipworms.

'Shocking' $506 million ferry budget bail-out

A massive government cash injection for a beleaguered state-owned Bass Strait ferry operator will be included in an upcoming budget.

Middle ring could be 'hollowed out' by tax overhaul

Tax changes in the federal budget will likely shift property investors to new houses in the outer suburbs and inner-city apartments, economists say.

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Politics Australia New South Wales Victoria Economy, Business and Finance Arts, Culture and Entertainment South Australia New Zealand International Relations Tasmania Crime Animal Housing and Urban Planning Australian Capital Territory Parliament Government Inquiry Economy Consumer Goods Business

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