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Latest news: State Budget and Tax

Potential credit rating drop keeps government dangling

Potential credit rating drop keeps government dangling

Project cost blowouts and extra government spending could put too much pressure on a state's budget for it to retain its longstanding AA+ credit rating.

Hint of consumer recovery to keep RBA focused on prices

Hint of consumer recovery to keep RBA focused on prices

Hint of consumer recovery to keep RBA focused on prices

Hint of consumer recovery to keep RBA focused on prices

Australia's retail sales enjoyed a boost from an early start to Black Friday discounting and recovering bank balances following tax cuts.

Higher hospital fees to drive up premiums: insurers

Higher hospital fees to drive up premiums: insurers

Higher hospital fees to drive up premiums: insurers

Higher hospital fees to drive up premiums: insurers

Nearly four million health insurance premiums could increase after large health funds opted to pay higher hospital fees under threat of higher taxes.

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Department defends advice on bungled Commonwealth Games

Department defends advice on bungled Commonwealth Games

A government agency has defended its advice to the Victorian government in the lead-up to the abandoned Commonwealth Games, despite a damning report.

Financial watchdog warns of structural budget problems

Financial watchdog warns of structural budget problems

Almost one of every $10 raised by the Victorian government is set to be spent paying down debt within four years as interest expenses explode.

'Be brave': new push to save tax reform from extinction

'Be brave': new push to save tax reform from extinction

Teal MP Allegra Spender has a bold vision to bring tax reform back on the agenda after 25 years of inaction, widening inequality and falling home ownership.

Warning as workers thrown off revamped compo scheme

Warning as workers thrown off revamped compo scheme

The Victorian government has been accused of kicking workers off the state's revamped compensation scheme to raid it for profits.

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Grave robbery: state accused of death tax by stealth

Grave robbery: state accused of death tax by stealth

Grave robbery: state accused of death tax by stealth

Grave robbery: state accused of death tax by stealth

Wealthy families are being targeted for a massive hike in fees for settling inheritance after the death of a loved one.

Miners dominate company tax list as others pay zero

Miners dominate company tax list as others pay zero

Miners dominate company tax list as others pay zero

Miners dominate company tax list as others pay zero

A corporate income tax haul of almost $100 billion is being hailed as a "great result" but almost a third of major Australian companies avoided a tax bill.

Real-time spending tracker plan for growing state debt

Real-time spending tracker plan for growing state debt

Real-time spending tracker plan for growing state debt

Real-time spending tracker plan for growing state debt

Victoria's opposition is spruiking a financial integrity plan featuring an online public spending tracker and intergenerational report to tackle state debt.

No spending free-for-all: treasurer sets election tone

No spending free-for-all: treasurer sets election tone

No spending free-for-all: treasurer sets election tone

No spending free-for-all: treasurer sets election tone

Any further cost-of-living relief will need to be balanced carefully against budget constraints and economic circumstances, the federal treasurer says.

Tax reform may be shunned in state economic growth plan

Tax reform may be shunned in state economic growth plan

Tax reform may be shunned in state economic growth plan

Tax reform may be shunned in state economic growth plan

The Victorian government has been warned businesses will flee interstate if it turns its back on loosening tax settings in an upcoming economic growth plan.

Australian-first Airbnb bookings tax clears last hurdle

Australian-first Airbnb bookings tax clears last hurdle

Australian-first Airbnb bookings tax clears last hurdle

Australian-first Airbnb bookings tax clears last hurdle

Holidaymakers will soon have to pay an extra 7.5 per cent fee on Airbnb and Stayz bookings under an Australian-first levy ticked off by Victorian parliament.

Liberals float revival of contentious toll road project

Liberals float revival of contentious toll road project

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.

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'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

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.

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

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

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'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

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

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

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 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

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

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

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Politics Australia Crime, Law and Justice New South Wales Victoria Queensland Economy, Business and Finance Health Death Tasmania Sexual Assault Transport Housing and Urban Planning Parliament Government Road Transport Economy Laws Business State Budget and Tax

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