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Latest news: State Budget and Tax

Liberals float revival of contentious toll road project

Liberals float revival of contentious toll road project

Victorian Opposition Leader John Pesutto is eyeing a revival of plans to build an underground road tunnel to connect Melbourne's Eastern Freeway to CityLink.

'Knocked on the head': Labor rebuffs property tax moves

'Knocked on the head': Labor rebuffs property tax moves

'Knocked on the head': Labor rebuffs property tax moves

'Knocked on the head': Labor rebuffs property tax moves

After days of discussions over curbing property investors' tax concessions, the government has firmed its stance against the rumours.

Price mystery as Metro tunnels into more taxpayer cash

Price mystery as Metro tunnels into more taxpayer cash

Price mystery as Metro tunnels into more taxpayer cash

Price mystery as Metro tunnels into more taxpayer cash

Spending on the Melbourne Metro Tunnel has blown out again with the latest hike costing taxpayers $837 million, with the total now put at $13.48 billion.

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No negative gearing reform on cards for election: PM

No negative gearing reform on cards for election: PM

The prime minister has hosed down suggestions Labor will take changes to negative gearing to the election, amid warnings it could hike up rents.

Doomsday prophecy over GST 'rip-off' fails to come true

Doomsday prophecy over GST 'rip-off' fails to come true

Australia's most populous state has kept a key triple-A credit rating, sparing taxpayers the pain of covering potentially higher interest repayments.

'Mortgaging the future': Liberal state debt criticised

'Mortgaging the future': Liberal state debt criticised

Labor and key cross bench independents have lashed the Tasmanian Liberal minority government for a budget which doubles debt.

Liberals to double debt, delay budget surplus

Liberals to double debt, delay budget surplus

The Tasmanian Liberal government's 2024/25 budget has pushed back a projected surplus and forecast net debt to double in four years.

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Downsizer tax break not ruled out under housing reform

Downsizer tax break not ruled out under housing reform

Downsizer tax break not ruled out under housing reform

Downsizer tax break not ruled out under housing reform

The Property Council argues stamp duty is a major barrier for downsizers, while Victoria's premier did not rule out a one-off exemption to free up family homes.

Abuse inquiry reform, ballooning debt in Tas budget

Abuse inquiry reform, ballooning debt in Tas budget

Abuse inquiry reform, ballooning debt in Tas budget

Abuse inquiry reform, ballooning debt in Tas budget

Tasmania's soon-to-be-delivered budget will include $423 million for reform after an inquiry into child sexual abuse found government failings over decades.

Uber's $81m tax bill wiped as it doesn't 'pay' drivers

Uber's $81m tax bill wiped as it doesn't 'pay' drivers

Uber's $81m tax bill wiped as it doesn't 'pay' drivers

Uber's $81m tax bill wiped as it doesn't 'pay' drivers

Uber has been excused from a large state payroll tax bill after a court found the rideshare giant was acting only as a "collection agent" for drivers.

Minister hits back at 'triple taxed' Airbnb campaign

Minister hits back at 'triple taxed' Airbnb campaign

Minister hits back at 'triple taxed' Airbnb campaign

Minister hits back at 'triple taxed' Airbnb campaign

Accommodation platform Airbnb has begun a campaign against the Victorian government's new short-stay rental levy after it was introduced to state parliament.

Funding block flagged for states failing to build homes

Funding block flagged for states failing to build homes

Funding block flagged for states failing to build homes

Funding block flagged for states failing to build homes

Leveraging Commonwealth payments to states if they fail to tackle housing supply is under consideration.

'Pure insanity': tobacco tax hike fuelling black market

'Pure insanity': tobacco tax hike fuelling black market

'Pure insanity': tobacco tax hike fuelling black market

'Pure insanity': tobacco tax hike fuelling black market

Increases to federal tobacco tax duties are fuelling Victoria's rampant black market and states and territories should get a cut to police it, an inquiry says.

Double tax for Airbnbs as councils retain fee powers

Double tax for Airbnbs as councils retain fee powers

Double tax for Airbnbs as councils retain fee powers

Double tax for Airbnbs as councils retain fee powers

An Australian-first user levy on Airbnb and Stayz bookings won't cover Victorians' primary places of residence, but councils can continue to charge owners.

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Unlikely four-pawed beneficiary of $680m tax break

Changes to help more first-home buyers avoid stamp duty have helped tens of thousands of people save money - and for some, the dog days are just beginning.

Suburban Rail Loop cash gap may threaten credit rating

Global agency S&P has warned Victoria's credit rating could dive further if the state is forced to foot the rest of the bill for the Suburban Rail Loop.

State finances on track to be 'worst in the country'

Tasmania, the home of Australia's only Liberal government, faces deteriorating finances based on policy decisions over a decade, a leading economist says.

Budget blow as state's child sexual abuse payouts soar

Tasmania's budget deficit for 2023/24 is set to grow fourfold, mainly because of a $571 million increase in payouts to child sexual abuse survivors.

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Tax hikes not ruled out to fund $1.5b hospitals top-up

Treasurer Tim Pallas has conceded budget "adjustments" will be needed to accommodate a $1.5 billion one-off funding boost for Victorian hospitals.

DV funding boost a surprise ... and right before a poll

Anti-domestic violence advocates across the nation have been fighting for a boost in funding and one group was successful ... right before an election.

Soaring death tax 'extra burden' for grieving families

Grieving families could be forced to pay thousands in probate fees if the Victorian government pushes on with hikes that would cause "stress and hardship".

Tax breaks on 'big, dumb' utes cost the public $250m

Big American-style utes are dudding Australian taxpayers more than $250 million in lost tax due to an exemption that a think tank says is distorting the field.

Victorians bear more cost blowouts to public projects

More than 100 Victorian building projects faced cost blowouts after the state government updated its guide to address the risk of price increases.

PM spruiks cost of living measures amid Payman row

The new financial year ushers in a range of new cost-of-living measures that the prime minister insists are responsible in light of inflation challenges.

Death and taxes: Victoria considers probate fee hike

The cost of finalising a dead loved one's estate in Victoria could rise by up to 580 per cent under the state government's preferred changes to probate fees.

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