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Latest news: State Budget and Tax

Gas, property lobbies fire up over proposed tax reform

Gas, property lobbies fire up over proposed tax reform

More than three in five Australians want the government to slug gas companies with a 25 per cent export tax, as prices soar due to the war in the Middle East.

Mining state's tax rebate watered down under new plan

Mining state's tax rebate watered down under new plan

Mining state's tax rebate watered down under new plan

Mining state's tax rebate watered down under new plan

After years of furious attempts to end a sweetheart Morrison-era deal, eastern states appear to have gained ground in reducing WA's GST windfall.

Aussie drivers divided over petrol vs electric future

Aussie drivers divided over petrol vs electric future

Aussie drivers divided over petrol vs electric future

Aussie drivers divided over petrol vs electric future

Many Australian motorists plan to park an electric or hybrid vehicle in their garage in future but one policy change could alter their path.

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'Broken and unfair': states urge change to GST carve-up

'Broken and unfair': states urge change to GST carve-up

The cost to Australian taxpayers of a contentious GST carve-up will rise by another $6.6 billion in 2026/27, sparking fresh anger from critics of the deal.

Supercharged inequality: rich investors stifle budget

Supercharged inequality: rich investors stifle budget

Almost a quarter of the benefit of the capital gains tax discount goes to just five of Australia's wealthiest electorates, entrenching inequality, critics say.

Super tax changes a 'down payment' for greater reform

Super tax changes a 'down payment' for greater reform

The Greens want the federal government to make the tax system fairer for young Australians in the budget after agreeing to pass changes to superannuation taxes.

'Very thin': inside the figures propping up Grand Prix

'Very thin': inside the figures propping up Grand Prix

As the Formula 1 Australian Grand Prix gets under way and race fever takes over Melbourne, some are asking if taxpayers' millions could be better spent.

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'Galling': Aussies set to pass up another gas windfall

'Galling': Aussies set to pass up another gas windfall

'Galling': Aussies set to pass up another gas windfall

'Galling': Aussies set to pass up another gas windfall

War in the Middle East could drive energy prices towards record highs, but a failure to fix gas taxes means Australians will miss out on their share of profits.

CBA boss calls for spending cuts, bold reform in budget

CBA boss calls for spending cuts, bold reform in budget

CBA boss calls for spending cuts, bold reform in budget

CBA boss calls for spending cuts, bold reform in budget

Commonwealth Bank boss Matt Comyn is urging business leaders to encourage the treasurer to take an ambitious spending and tax reform agenda to the budget.

Pressure to fix gas tax raising less revenue than beer

Pressure to fix gas tax raising less revenue than beer

Pressure to fix gas tax raising less revenue than beer

Pressure to fix gas tax raising less revenue than beer

Senator David Pocock will ramp up pressure on the government to re-examine a fossil fuels tax that raises less money than beer thanks to a "fatal mistake".

Competing claims about firefighting funding debunked

Competing claims about firefighting funding debunked

Competing claims about firefighting funding debunked

Competing claims about firefighting funding debunked

Politicians are trading blows over the funding of one state's regional firefighters amid a devastating season, but their claims omit important context.

'Florid ramblings': minister takes aim at CFMEU report

'Florid ramblings': minister takes aim at CFMEU report

'Florid ramblings': minister takes aim at CFMEU report

'Florid ramblings': minister takes aim at CFMEU report

A minister has launched an extraordinary attack on the work of a top barrister probing CFMEU corruption as pressure builds on his party's leader.

'Right the ship': polluters tax could be vote spinner

'Right the ship': polluters tax could be vote spinner

'Right the ship': polluters tax could be vote spinner

'Right the ship': polluters tax could be vote spinner

An ex-Labor strategist turned pollster says there are votes in taxing Australia's biggest polluters through reframing the debate and evolving demographics.

Wine and taxes: only one certainty for small producers

Wine and taxes: only one certainty for small producers

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.

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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'

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

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

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

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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

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

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

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

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

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

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

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