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The Latest Breaking News from Jim Chalmers

Tax talk turns negative as Labor gears for relief

Changes to tax cuts that increase the returns of lower to middle-income earners have spurred speculation about whether negative gearing changes are next.

AAP

Morning Mail: Jim Chalmers fires tax salvo, Georgie Purcell speaks out, Mark Zuckerberg’s apology

Treasurer say Coalition idea would ‘smash the budget’ with $40bn hit; Victorian MP vows to ‘keep fighting’ for women and animal rights

The Guardian - AU

Prices ease but insurance and housing are still biting

Consumer price growth is coming off the boil but some key essential goods and services are still painfully elevated.

AAP

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Jim Chalmers warns restoring tax cuts to high earners would ‘smash’ budget by almost $40bn

Treasurer’s data estimates reimposing old stage-three cuts while retaining Labor’s plan for low and middle earners would cost $39bn over four years

The Guardian - AU

David Littleproud accuses Labor of ‘class warfare’ over stage-three tax changes, saying $190,000 is ‘not a lot’

Nationals leader says tax cuts were about ‘giving everyone a fair go’ and Labor is ‘pitting one Australian against the other’

The Guardian - AU

Changing of the guard at Future Fund puts Combet at top

Former ACTU leader and Labor minister Greg Combet is the new chair of Australia's sovereign wealth fund, replacing Liberal stalwart Peter Costello.

AAP

Letters: why not fold maritime into new gallery?

Letters to the editor

Newcastle Herald

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Pocock wants to boost Centrelink payments using savings from stage-three tax cuts overhaul

Key senator calls for broader tax reform, while arguing changes to stage-three plan could fund increases to jobseeker and other payments

The Guardian - AU

Anthony Albanese announces year-long investigation into supermarket prices by ACCC

Prime minister says treasurer Jim Chalmers will direct competition watchdog to conduct 12-month price inquiry into supermarkets

The Guardian - AU

Treasury estimated stage-three tax cut changes would add 0.1 percentage point to inflation

RBA hasn’t modelled whether Albanese government’s redistribution of tax cuts could add to inflation, but isn’t expected to adjust its forecasts

The Guardian - AU

Sussan Ley retreats from comments suggesting Coalition would repeal Labor’s stage-three tax cut changes

Deputy opposition leader denies promising to roll back Albanese government’s changes and says Labor ‘lied’ about the tax cuts

The Guardian - AU

Queensland residents brace for cyclone – as it happened

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The Guardian - AU

Greens warn Labor stage-three tax cuts will add to inflation and bring little relief for most workers

Party releases Parliamentary Budget Office estimates that the plan will cost $323.6bn over a decade

The Guardian - AU

Economy strong but slowdown on horizon, IMF warns

In its latest assessment of the Australian economy, the International Monetary Fund says growth is set to slow, despite more resilience than other nations.

AAP

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The Guardian - AU

If Albanese wants to keep voters onside he needs to deliver on his cost-of-living promises – and soon

Despite helping ease living costs in 2023, the Labor government shouldn’t wait too long in the new year to show voters there’s more help on the way

AAP

Supermarket 'big duopoly' to go under microscope

A review into the big supermarkets could force them under a mandatory code of conduct or recommend an investigation by the consumer watchdog.

AAP

Crackdown slated for $3 billion illegal tobacco trade

Australian Border Force will receive a major funding boost in a crackdown on the illegal tobacco trade the government has labelled a "serious tax crime".

The Guardian - AU

Labor says it’s looking for ways to ease cost-of-living pressures. Just don’t mention the stage-three tax cuts

The cuts are already baked into the RBA’s forecasts and economists say there is little point looking at alternatives

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AAP

Draft laws usher in compulsory climate risk disclosure

Draft laws for mandatory reporting of climate-related risks have been released by Treasurer Jim Chalmers.

The Guardian - AU

NSW police say man they shot dead outside medical clinic was armed – as it happened

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The Guardian - AU

Morning Mail: supermarkets under scrutiny, world’s hottest year record ‘smashed’, Trump immunity tested in court

Government eyes supermarket pricing in bid to ease cost of living; and Trump’s lawyers argue for immunity from prosecution

The Guardian - AU

The stage-three tax cuts are politics over policy – and no way to save our struggling economy

If Anthony Albanese is determined to forge ahead with the Coalition’s fiscal booby trap, any political capital must be used on genuine redistributive tax reform

AAP

Supermarkets told to pass on savings at the checkout

Supermarkets have been told to pass on savings as calls echo for the consumer watchdog to launch an inquiry into their behaviour.

AAP

Storm clouds loom for economy as rain, floods take toll

The fallout from severe storms in Queensland could lead to consequences for the economy and budget bottom line, Treasurer Jim Chalmers has warned.

Pedestrian.tv

Treasurer Jim Chalmers Has Appropriated Girl Math To Justify The Bonkers New Cost Of A Passport

Federal Treasurer Jim Chalmers has been accused of appropriating Girl Math to justify the increased cost of Australian passports.

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