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Latest news: State Budget and Tax

Surprise downfall for rich state atop economic rankings

Surprise downfall for rich state atop economic rankings

Queensland has emerged at the top of CommBank’s revamped State of the States report, despite the state's government copping a downgrade to its credit rating.

GST revolt continues with treasurer's 'privilege' claim

GST revolt continues with treasurer's 'privilege' claim

GST revolt continues with treasurer's 'privilege' claim

GST revolt continues with treasurer's 'privilege' claim

A state treasurer has appeared before the Productivity Commission, outlining his concerns about the current GST system privileging one state over others.

Credit downgrade heaps pressure onto Queensland budget

Credit downgrade heaps pressure onto Queensland budget

Credit downgrade heaps pressure onto Queensland budget

Credit downgrade heaps pressure onto Queensland budget

On the same day as the Queensland treasurer lost his state's AA+ credit rating, his NSW neighbours received an upgrade to their outlook.

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Workaround for trusts to avoid restructuring stamp duty

Workaround for trusts to avoid restructuring stamp duty

Businesses will be able to avoid restructuring and paying costly stamp duties in response to a new tax on discretionary trusts, Treasurer Jim Chalmers says.

Off the rails: premier deflects as secret tax scrapped

Off the rails: premier deflects as secret tax scrapped

A newly minted premier has washed his hands of involvement in a secret levy on public transport tickets and is pledging to dump it.

'Final nail': Labor taken to task for secret rail tax

'Final nail': Labor taken to task for secret rail tax

A state government has been embroiled in a secret tax scandal after it was revealed public transport users were charged to pay for a controversial rail line.

'I've signed body parts': Albanese steadfast on GST

'I've signed body parts': Albanese steadfast on GST

The prime minister has no intention of ending a deal costing federal taxpayers more than $6 billion a year to stuff the coffers of the wealthy WA government.

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Debt to hit new high but nation's budget outlook steady

Debt to hit new high but nation's budget outlook steady

Debt to hit new high but nation's budget outlook steady

Debt to hit new high but nation's budget outlook steady

Federal tax changes threaten states and territories' budget bottom lines, but Australia's fiscal outlook remains steady, a new report says.

BHP chief labels state's royalty regime unsustainable

BHP chief labels state's royalty regime unsustainable

BHP chief labels state's royalty regime unsustainable

BHP chief labels state's royalty regime unsustainable

A sliding scale royalty regime introduced by a state four years ago means investing there is unsustainable, the head of BHP says.

Sweeping NDIS changes get the green light

Sweeping NDIS changes get the green light

Sweeping NDIS changes get the green light

Sweeping NDIS changes get the green light

Multiple changes were added at the last minute to contentious NDIS reforms after a deal between the major parties to rein in costs of the scheme.

'Quite wrong': minister hits out at GST deal criticism

'Quite wrong': minister hits out at GST deal criticism

'Quite wrong': minister hits out at GST deal criticism

'Quite wrong': minister hits out at GST deal criticism

A federal minister from Western Australia has defended her state's generous GST deal despite productivity watchdog calls to scrap the arrangement.

Tax office cracks down on alcohol distiller tax rorts

Tax office cracks down on alcohol distiller tax rorts

Tax office cracks down on alcohol distiller tax rorts

Tax office cracks down on alcohol distiller tax rorts

A tax incentive to help craft distillers is being rorted, the ATO says, costing the budget millions and blurring the line between legal and illicit spirits.

Scrapping WA's GST deal a 'significant unfairness'

Scrapping WA's GST deal a 'significant unfairness'

Scrapping WA's GST deal a 'significant unfairness'

Scrapping WA's GST deal a 'significant unfairness'

Former ministers who helped set up a controversial GST deal for Western Australia have defended the scheme despite calls to scrap it.

WA stares down 'east coast clowns' over costly GST deal

WA stares down 'east coast clowns' over costly GST deal

WA stares down 'east coast clowns' over costly GST deal

WA stares down 'east coast clowns' over costly GST deal

Western Australian Premier Roger Cook has promised to fight any move to strip his state of its lucrative GST deal, saying changes could cost it billions.

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Electric car tax looms for one state unless PM steps in

One state is prepared to charge ahead with a tax on electric vehicle drivers unless the federal government introduces a national scheme.

Less than four per cent of social housing target built

There is "considerable uncertainty" the government's signature social housing program will deliver as many homes as promised by the end of the decade.

Investors returning after budget blow to housing breaks

The share of homes bought by investors compared to owner-occupiers is returning to levels seen prior to the federal budget.

New super rule hits a sour note for jazz festivals

Volunteer-run music festivals are being cancelled, with organisers blaming the federal government's changes to superannuation rules.

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Small business owners urged to act early on tax debt

Conditions appear tougher than ever for small owner-operators, with a two-speed economy emerging and smaller players being forced into tough decisions.

Home sellers shy away from auctions as demand dips

More people are looking to sell their homes on the private market as low clearance rates scare vendors away from going to auction.

Tax push renders budget surplus forecasts 'unrealistic'

Treasury's assumption the federal budget will return to surplus within a decade is at risk because of likely tax cuts, an independent agency warns.

Longest stretch of weak growth since 1990s forecast

Rarely has Australia's near-term economic outlook appeared so gloomy, says Deloitte Access Economics.

Family affair: investor tax changes spawn new tactics

Prospective home buyers are rethinking the type of properties they want to purchase in response to changes to negative gearing and the capital gains tax.

State urged to pump the brakes on electric car charge

Health and transport experts are urging a state government to slow its plans for an electric vehicle tax and wait for a national approach.

What Pauline Hanson got wrong in Press Club speech

One Nation leader Pauline Hanson has made a series of false and misleading claims during an appearance at the National Press Club.

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