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Latest news: State Budget and Tax

Wine and taxes: only one certainty for small producers

Wine and taxes: only one certainty for small producers

When is a farm not a farm? Some producers are finding out the hard way as they're unexpectedly hit with hefty land tax bills, sparking calls for change.

Nobel laureate's advice for treasurer to fix housing

Nobel laureate's advice for treasurer to fix housing

Nobel laureate's advice for treasurer to fix housing

Nobel laureate's advice for treasurer to fix housing

Joe Stiglitz is a bit of a rock star in left-leaning economic circles, but his suggestions to make housing more affordable didn't seem to convince Jim Chalmers.

How treasurer could make capital gains taxes 'fairer'

How treasurer could make capital gains taxes 'fairer'

How treasurer could make capital gains taxes 'fairer'

How treasurer could make capital gains taxes 'fairer'

The capital gains tax discount should be reduced to address economic inequity and make housing more affordable, economists say.

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Global minimum tax deal update backed by 145 countries

Global minimum tax deal update backed by 145 countries

A 15 per cent global minimum tax framework has been kept as countries approved an update that allows carve-outs for some US companies.

Self-interest widening wealth gap between old and young

Self-interest widening wealth gap between old and young

Bridging the gap in wealth between older and young Australians will require a major recalibration in housing attitudes and policies, a leading economist says.

Clock ticks on support for rejigged super tax changes

Clock ticks on support for rejigged super tax changes

A six-month heads up on tax changes is tight but manageable, big super funds say, although Labor still needs to find a friend to get the laws past parliament.

Seven-surplus budget target despite growing debt

Seven-surplus budget target despite growing debt

South Australia is reaping the benefits of growth in jobs and investment, with a budget review predicting four future surpluses.

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Gold, iron ore and population swell big state's coffers

Gold, iron ore and population swell big state's coffers

Gold, iron ore and population swell big state's coffers

Gold, iron ore and population swell big state's coffers

Australia's richest state has unveiled a modest mid-year budget windfall due to strong commodity prices and a growing population.

Budget blowout 'modest' for Australia's Olympic hosts

Budget blowout 'modest' for Australia's Olympic hosts

Budget blowout 'modest' for Australia's Olympic hosts

Budget blowout 'modest' for Australia's Olympic hosts

The mid-year budget report card has revealed a "modest" budget blowout as one state continues counting down to the 2032 Olympic Games.

Harbour Bridge toll decision means red tape for drivers

Harbour Bridge toll decision means red tape for drivers

Harbour Bridge toll decision means red tape for drivers

Harbour Bridge toll decision means red tape for drivers

Drivers have been promised ongoing toll rebates in exchange for the introduction of a two way toll on the Harbour bridge, but there'll be no automatic refunds.

'Christmas grinch': public service cuts as wages soar

'Christmas grinch': public service cuts as wages soar

'Christmas grinch': public service cuts as wages soar

'Christmas grinch': public service cuts as wages soar

Top dogs have not escaped the wrath of more than 1000 public service job cuts, with a state desperate to rein in wages and debt.

Budgets blow out as health and interest payments boom

Budgets blow out as health and interest payments boom

Budgets blow out as health and interest payments boom

Budgets blow out as health and interest payments boom

Worsening budget sustainability has been confirmed by an independent parliamentary report that forecasts overall government debt to continue swelling.

Call to examine 'perverse' excise fuelling illegal cigs

Call to examine 'perverse' excise fuelling illegal cigs

Call to examine 'perverse' excise fuelling illegal cigs

Call to examine 'perverse' excise fuelling illegal cigs

Nationals leader David Littleproud says parliament needs to take a "courageous look" at the tobacco excise amid a surge in black market sales.

Extent of illegal cigarette sales in Australia revealed

Extent of illegal cigarette sales in Australia revealed

Extent of illegal cigarette sales in Australia revealed

Extent of illegal cigarette sales in Australia revealed

Australia's illicit tobacco black market is in rude health, with estimates for the market share of illegally sold cigarettes ranging from 25 to 65 per cent.

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State's credit rating fall 'politically embarrassing'

A leading agency has downgraded a state's credit rating, with an economist saying the move was a vote of no-confidence in a recent budget.

Consumers feeling merry in time for a Christmas splurge

Australian consumers are the most optimistic they've been since early 2022 despite fading prospects of more interest rate cuts.

Tas treasurer defends 'right-sizing' public sector cuts

Tasmania's public service must be cut back to pre-COVID-19 pandemic levels to help curb ballooning debt, the state's treasurer says.

Tobacco tax cut 'no fix' to $4b smugglers' paradise

Public health experts are urging authorities not to get the jitters on tobacco taxes as the economic cost of Australia's black market trade explodes.

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Concern as state trims budget with more doing it tough

Greater budget savings measures have been flagged by a Liberal government that's taking on debt to build a football stadium as more people face poverty.

Ex-senator takes scalpel to spending in debut budget

The public service will be "right-sized" and discretionary government spending tightened in a state budget weighed down by growing debt.

WA premier reckons GST deal is good for Australia

Leaders of a resource-rich state are trying to convince the Commonwealth to stick with a GST revenue split that raises hackles in the eastern states.

Rudd hails Australia's 'first-class' ties with Trump

Former PM turned ambassador Kevin Rudd says Australia's strong links with the US under Donald Trump have deepened as critical minerals open up a new front.

Abuse claims surge against childcare, pre-school staff

Allegations of abuse and misconduct involving childcare workers and early educators are on the rise, a watchdog warns.

Budget-busting Labor casts tax-cut cost stone at rivals

A Labor government with a poor budget record has called attention to the cost of opposition tax policy promises in an unusually early pre-election ploy.

NZ Labour apes Albo's Labor with 'Medicard' policy

Australia's Medicare card would have a Kiwi equivalent if NZ Labour wins office, after a major policy play by Opposition Leader Chris Hipkins.

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