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The Latest Breaking News from Jim Chalmers

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FED:CGT share changes will ease home prices, treasurer says

The treasurer has warned leaving a 50 per cent capital gains tax discount for shares could perversely funnel more investor money into existing housing.

AAP

CGT share changes will ease home prices, treasurer says

The treasurer has warned leaving a 50 per cent capital gains tax discount for shares could perversely funnel more investor money into existing housing.

AAP

Tim Wilson’s book advocates a far more radical overhaul of our tax system than Labor’s budget

Shadow treasurer Tim Wilson has thrown himself into fighting the reduction of the capital gains tax discount in Labor’s budget, as well as the abolition of negative gearing on existing properties. But as treasurer Jim Chalmers recently pointed out in parliament, quoting from Wilson’s 2020 book The New Social Contract,…

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Why Is Pauline Hanson’s One Nation The Most Popular Party In Australia Right Now?

One Nation is now the most popular party in the nation, according to a recent poll. We're unpacking why,

AAP

'Reform is always hard': PM coy on tax carve outs

Anthony Albanese has not revealed whether carve outs for businesses are on the table for controversial tax changes from the federal budget.

The Conversation

Reform is hard. Albanese and Chalmers need to stay the course

Do Australians really want reform? It’s a reasonable question to ask as the Albanese government weathers trenchant attacks on its recent federal budget.

The Guardian - AU

Australia’s housing market is cooling – but a Sydney flat with a broken shower still costs nearly $1m

Linly and Lena needed steady incomes, Linly’s parents’ help, the federal 5% deposit scheme and NSW’s stamp duty discount to buy a two-bedroom flat in Ashfield

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FED:Tax changes push biotech and health sectors offside

Changes to research and development tax could force Australian biotech, med tech and health tech companies offshore, according to sector advocates.

AAP

Tax changes push biotech and health sectors offside

Changes to research and development tax could force Australian biotech, med tech and health tech companies offshore, according to sector advocates.

AAP

Officials bank on economic slump helping tame inflation

Australia is not experiencing stagflation but higher interest rates will help cool the economy and inflation, the nation's top bank official says.

The Guardian - AU

Jim Chalmers is putting a positive spin on the economy, but is Australia’s outlook grim?

The economy was slowing even before the Middle East conflict and interest rate hikes started to bite, while the boom in datacentres was a rare bright spot

The Conversation

One Nation surges to first on primary votes in two new polls

Four federal polls have been released since Sunday. One Nation has taken the primary vote lead from Labor in both the Redbridge and YouGov polls and is tied with Labor in the Morgan poll. Labor held a primary vote lead in Fox & Hedgehog.

AAP

Businesses still in dark on tax carve outs from budget

Business owners are still yet to find out what exemptions could apply to them in changes to capital gains tax.

AAP

Interest rate impact hits housing approval levels

The number of new homes being approved fell once again during April, and the Reserve Bank is being blamed for the downturn.

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