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AAP
AAP
Politics
Zac de Silva and Lucinda Garbutt-Young

'Likely he's lying': treasurer points finger at rival

Treasurer Jim Chalmers branded the opposition's criticism of GST changes a desperate scare campaign. (Mick Tsikas/AAP PHOTOS)

The treasurer is accusing his coalition counterpart of lying about the make up of Australia's investments as a political row over sweeping tax changes intensifies.

Shadow treasurer Tim Wilson is planning a half-trillion-dollar hit to the budget bottom line, Jim Chalmers said, as the government faces backlash over winding back tax concessions for investments in property, shares and trusts.

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