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Latest news: State Budget and Tax

'No-brainer' to end negative gearing on holiday rentals

'No-brainer' to end negative gearing on holiday rentals

A group of crossbenchers and Labor parliamentarians have heard ending negative gearing on short-stay rentals would boost housing affordability and the budget.

'It's crunch time': productivity puzzle must be solved

'It's crunch time': productivity puzzle must be solved

'It's crunch time': productivity puzzle must be solved

'It's crunch time': productivity puzzle must be solved

Australia must cut unnecessary red tape and boost business investment if young people are to be better off than their parents, the productivity chief says.

Productivity to dominate agenda as symposium begins

Productivity to dominate agenda as symposium begins

Productivity to dominate agenda as symposium begins

Productivity to dominate agenda as symposium begins

After weeks of build up, arguably the biggest event of Australia's economic calendar is set to begin as the government seeks answers to withered productivity.

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Responsibility, not legacy driving Chalmers to reform

Responsibility, not legacy driving Chalmers to reform

Jim Chalmers' economic roundtable will likely present some low-hanging fruit around regulation but hefty tax reform will be more challenging for him to grasp.

Folbigg review push as $2m 'plucked out of the air'

Folbigg review push as $2m 'plucked out of the air'

Mystery surrounds the calculation of a $2 million offer to compensate Kathleen Folbigg for 20 years of wrongful imprisonment, prompting calls for more scrutiny.

'Not right': Australia urged to wind back tax breaks

'Not right': Australia urged to wind back tax breaks

Reforms to Australia's tax system have been politically risky, but without urgent action, home ownership could be out of reach for the nation's workers.

Creators trying to make 'wage slaves' care about tax

Creators trying to make 'wage slaves' care about tax

Content creators have mingled with economists at a tax roundtable at Parliament House hosted by teal MP Allegra Spender to get the message to a new audience.

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Australia urges economic engagement amid uncertainty

Australia urges economic engagement amid uncertainty

Australia urges economic engagement amid uncertainty

Australia urges economic engagement amid uncertainty

As volatility and uncertainty become a global norm, the treasurer has stressed the importance of collaboration ahead of his meetings with world leaders.

Home truths on housing target in leaked Treasury advice

Home truths on housing target in leaked Treasury advice

Home truths on housing target in leaked Treasury advice

Home truths on housing target in leaked Treasury advice

Leaked advice on the government's new home target has failed to ruffle the treasurer, who says having an ambitious goal is better than building too few homes.

'Cruel' Trump move to shake Aussies' trust in US

'Cruel' Trump move to shake Aussies' trust in US

'Cruel' Trump move to shake Aussies' trust in US

'Cruel' Trump move to shake Aussies' trust in US

Donald Trump's controversial bill, which would slash health programs and fund tax cuts, could prompt already sceptical Australians to further question US ties.

War of words over GST carve-up as states butt heads

War of words over GST carve-up as states butt heads

War of words over GST carve-up as states butt heads

War of words over GST carve-up as states butt heads

Two states are going head to head over the GST carve-up after one claimed it was given an unfair shortfall to cover COVID-19 failures.

Australians warned to not jump the gun on tax return

Australians warned to not jump the gun on tax return

Australians warned to not jump the gun on tax return

Australians warned to not jump the gun on tax return

The national tax office has warned Australians to be patient in lodging their tax returns as the financial year comes to an end.

Bots doing mundane jobs among 'transformational' pledge

Bots doing mundane jobs among 'transformational' pledge

Bots doing mundane jobs among 'transformational' pledge

Bots doing mundane jobs among 'transformational' pledge

Australia's largest state budget, criticised as boring and vague, has prompted promises from political hopefuls of a more "transformational" government.

Alarm as LNP takes wind out of energy plan, renewables

Alarm as LNP takes wind out of energy plan, renewables

Alarm as LNP takes wind out of energy plan, renewables

Alarm as LNP takes wind out of energy plan, renewables

Plans to prop up ageing coal-fired power stations by a state government have been labelled a "waste of money" amid concerns over its energy transition.

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'Boring' budget to get finances ready for future shocks

Having sped up home approvals, a building laggard is shifting focus to getting construction going in a bid to reduce the biggest strain on family finances.

Debt forecast has alarm bells ringing for Olympic hosts

A state government's debt is set to reach record heights as it plans an Olympics, with the threat of higher borrowing costs for major infrastructure projects.

Climate change costs hit regions and budget hard

A slew of natural disasters have taken a toll on the NSW economy but its budget aims to keep the regions growing with targeted investments.

Surplus in sight but few sweeteners in 'careful' budget

A nation-first approach to back up housing projects headlines Australia's largest state budget as critics attack surplus projections and support for services.

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Health levy a bitter pill to mend sick territory budget

Ratepayers will cop a $250 levy to help plug a health funding shortfall in the ACT budget, which also included investment in housing and cost-of-living relief.

'Room in your home and heart': budget backs foster care

A call for more foster carers of all backgrounds has been put out by a state after a landmark $1.2 billion budget injection to fix a "failed" system.

Funding fires starter's gun for Brisbane 2032 Games

The countdown to the Brisbane 2032 Olympics has begun with a state government allocating almost $150 million to Games infrastructure in a milestone budget.

Global race on as state speeds up billion-dollar builds

Existing systems are too slow-paced to keep up in a global race for capital, a major Australian technology chief says amid moves to boost business confidence.

Animal cruelty action dogged by tight leash on funds

Advocates say animals will suffer after a cruelty investigator had to cut its operations, but a state government says there's no "endless supply" of funds.

ACT budget on life support amid health funding woes

As he readies his first budget, ACT Treasurer Chris Steel warns the territory's finances are unsustainable without a health funding boost from the Commonwealth.

Major boost for tradie students to solve housing crisis

Tradies will be able to complete their apprenticeships for free as a state government tries to ease the housing crisis.

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