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The Latest Breaking News from Jim Chalmers

Afternoon Update: concerns over Trump pharma threat; RecipeTin Eats cook speaks after mushroom trial; and a tiny four-legged hero

Lobby groups have pushed Trump to retaliate against Australia’s treatment of US exporters under the $18bn Pharmaceutical Benefits Scheme

The Guardian - AU

Major tax reform probably 'a bridge too far': CBA

The federal government will find wholesale tax reform hard to achieve at its roundtable but planning changes could be more manageable, says a leading economist.

AAP

Captains of industry, unions sit at economic roundtable

Leaders from the business, union and welfare sectors will gather in Canberra to come up with ways to bolster Australia's flagging productivity levels.

AAP

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Super funds spared billions after US axes 'revenge tax'

The Trump administration says it won't pursue a contentious tax targeting foreign investors after negotiating a withdrawal from a global minimum tax agreement.

AAP

Whatever happened to the Albanese government’s wellbeing agenda?

The Albanese government devoted time and energy in its first term to developing a wellbeing agenda for the economy and society.

The Conversation

Grattan on Friday: Jim Chalmers juggles expectations and ambition in pursuing tax reform

Next week will be the 40th anniversary of the Hawke government’s tax summit. Dominated by then treasurer Paul Keating’s unsuccessful bid to win support for a consumption tax, it was the public centrepiece of an extraordinary political and policy story.

The Conversation

Hope for home owners as inflation hits four-year low

Expectations are growing interest rates will be cut again soon as the Reserve Bank's preferred measure of inflation falls to its lowest level in years.

AAP

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Shadow treasurer Ted O'Brien accepts invitation to government’s economic roundtable

The federal opposition has accepted an invitation from Treasurer Jim Chalmers for shadow treasurer Ted O'Brien to attend the August economic roundtable.

The Conversation

Australia wants more foreign investment. That’s why a $29 billion bid for Santos puts the Treasurer in a tricky position

The Australian origins of Santos have made an indelible mark on the company’s very name. The energy giant was first incorporated in 1954 under the acronym for “South Australia Northern Territory Oil Search”. It was publicly listed on the Adelaide Stock Exchange that same year.

The Conversation

Labour market stays tight despite surprise drop in jobs

The economy lost some jobs in May, confounding expectations, but the Reserve Bank will likely view it as noise not signs of a weakening labour market.

AAP

Politics with Michelle Grattan: an ‘impatient’ Jim Chalmers on taking political risks in Labor’s second term

While the world’s media is largely focused on conflict in the Middle East, the focus for many Australians remains at home, with the government preparing the long task ahead of trying to lift Australia’s productivity.

The Conversation

View from The Hill: Jim Chalmers wants to get on with economic reform and tax is in his sights

Jim Chalmers cast his Wednesday National Press Club speech as a second instalment in a two-part presentation that was kicked off by the prime minister in an address there last week.

The Conversation

Treasurer throws down gauntlet for 'crucial' tax reform

The treasurer has kicked off a journey that he hopes will result in broad agreement on changes that help solve Australia's economic challenges.

AAP

Jim Chalmers faces ‘captain’s call’ over Abu Dhabi bid for Australian oil and gas giant Santos

Board expresses support for offer but deal depends on regulatory approvals and treasurer’s tick-off

The Guardian - AU

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AAP

Trump meeting cancellation 'always a chance': treasurer

Australia's treasurer says it was reasonable Donald Trump left early from the G7 due to events in the Middle East, scuppering a meeting with Anthony Albanese.

AAP

'You worry': fears in Iranian community after bombing

Iranians in Australia say there is growing community fear over the safety of family members caught up in escalating violence in the Middle East.

AAP

Transparency boost: Reserve Bank homes in on key change

The Reserve Bank is likely to implement a key outstanding recommendation of a review into its operations, bringing it in line with international counterparts.

The Conversation

Workers need better tools and tech to boost productivity. Why aren’t companies stepping up to invest?

As Prime Minister Anthony Albanese and Treasurer Jim Chalmers turn their attention to improving productivity growth across the economy, it will be interesting to see what the business community brings to a planned summit in August.

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The Conversation

Grattan on Friday: the galahs are chattering about ‘productivity’, but can Labor really get it moving?

Former prime minister Paul Keating famously used to say the resident galah in any pet shop was talking about micro-economic policy. These days, if you encounter a pet shop with a galah, she’ll be chattering about productivity.

The Conversation

‘Hard to measure and difficult to shift’: the government’s big productivity challenge

Higher productivity has quickly emerged as an economic reform priority for Labor’s second term.

The Conversation

Albanese announces first woman Treasury secretary and a ‘roundtable’ on boosting productivity

Treasury head Steven Kennedy will become Anthony Albanese’s right-hand bureaucrat, while Treasury will get its first female secretary, with the appointment of Jenny Wilkinson, who currently heads the Finance Department.

AAP

Greens strike conciliatory tone on super tax changes

The Greens have pointed to the mandate won by Labor at the federal election in their willingness to have good-faith discussions about proposed changes to super.

AAP

Opposition rules out deal on superannuation tax change

The coalition has signed off on opposing the government's proposal to increase taxes on super balances above $3 million, labelling it unfair.

The Guardian - AU

Day of high drama in Tasmanian politics – as it happened

This blog is now closed

AAP

Productivity pickle a top priority for upbeat treasurer

Falling interest rates and Australia's competitive advantages are reasons for optimism, says the treasurer as he sets his sights on improving productivity.

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