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Latest news: State Budget and Tax

State's credit rating fall 'politically embarrassing'

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

Consumers feeling merry in time for a Christmas splurge

Consumers feeling merry in time for a Christmas splurge

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

Tas treasurer defends 'right-sizing' public sector cuts

Tas treasurer defends 'right-sizing' public sector 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.

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

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.

Concern as state trims budget with more doing it tough

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

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

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.

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

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

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

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

Abuse claims surge against childcare, pre-school staff

Abuse claims surge against childcare, pre-school staff

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

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

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

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

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

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

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.

Young Australians told not to fret lower super balances

Young Australians told not to fret lower super balances

Young Australians told not to fret lower super balances

Young Australians told not to fret lower super balances

The median super balance for Australians aged 65-69 is $208,143, below recommended benchmarks to live comfortably in retirement.

AFL stadium opponents tip 'bitter chapter' ahead

AFL stadium opponents tip 'bitter chapter' ahead

AFL stadium opponents tip 'bitter chapter' ahead

AFL stadium opponents tip 'bitter chapter' ahead

The independent MPs who will decide the fate of the Hobart waterfront stadium say they are aware of the "generationally" significant call they will soon make.

Super payout warning over cosmetic medical treatments

Super payout warning over cosmetic medical treatments

Super payout warning over cosmetic medical treatments

Super payout warning over cosmetic medical treatments

Business models promoting early super draw-downs for expensive or unnecessary medical treatments need to be stamped out, the tax office says.

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Accountants, ombudsman lash tax office service

The ATO has declined a Tax Ombudsman suggestion to re-route calls from accountants to experienced staff as pressures mount between tax agents and the agency.

Taxpayers slugged $30k for ministerial Foxtel bill

TV and online subscriptions for ministers cost taxpayers almost $30,000 in a year, which the opposition says is a bad look in a cost-of-living crisis.

Trump uses government shutdown to dole out revenge

President Donald Trump is mulling “temporary or permanent” spending cuts that could set up a lose-lose dynamic for Democratic politicians.

Funds freezed for Democratic states in US shutdown slap

Moves make clear President Donald Trump would carry out his threat to take advantage of a government shutdown to punish political opponents and extend control.

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Trump warns of deep cuts in scramble to avoid shutdown

Alarm bells are ringing among Democrats as President Donald Trump threatens deep cuts to their favoured programs if government funding is allowed to expire.

AI deployed to flush out business conspiracies

Companies teaming up when bidding for more than $42 billion worth of public work have been warned as the consumer watchdog sets AI on collusive behaviour.

West versus rest as fresh stoush brews over GST spoils

A review of a contentious carve-up has reignited debate over the fairness of one state getting more GST revenue under a special deal with a previous government.

Liberals off the hook for cow poo conspiracy

Liberal MPs who landed in the poo after being accused of conspiring to help dump a gift box full of cow manure to a state premier's office, are off the hook.

Creative types say give us a tax break, for art's sake

Tax breaks on concert tickets and subsidies for printing books in Australia are among suggestions to lift the struggling arts sector from the fiscal doldrums.

Coal mine's generous diesel tax credits a fresh target

A single coal mine could be in line for $44 million in fuel tax credits each year - money environmental campaigners would rather see in government coffers.

Electric road fees push sparks-up to plug fuel tax gap

EV users are closer to paying road maintenance fees as the nation's treasurers meet to work out a way to fund a shortfall of drivers paying less excise on fuel.

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