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The Latest Breaking News from Jim Chalmers

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FED:Labor launches costings broadside from budget back foot

Opposition policies would cost hundreds of billions of dollars, the treasurer says, as he defends Labor's controversial changes to taxes on investments.

AAP

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

Future generations will be left with a "multibillion-dollar debt bomb" if the coalition repeals proposed tax changes, the treasurer warns.

AAP

Labor shrugs off claim tax shift will sink house prices

The government is selling controversial investment tax changes as an attempt to rebalance the playing field between young and old Australians.

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Data centres drive record $6 billion investment boom

A spike in spending on equipment needed to power AI has underpinned strong growth in business investment, despite a slowdown in consumer spending.

AAP

Labor set to push through tax reforms despite backlash

An 'overall framework' on tax reform will be introduced to the parliament despite warnings capital gains tax changes will still hit successful businesses.

AAP

Treasury chief defends Labor's beleaguered budget

Controversial budget changes would have cut the lifetime tax benefits for the top one per cent of earners by $400,000 if implemented in 2000, Treasury says.

The Guardian - AU

Inflation eases to 4.2% but interest rate rise still on horizon, economists warn

Inflation dipped in the year to April as the government’s fuel excise relief kicked in, but price pressures remain and experts predict RBA may still raise cash rate

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FED:Treasurer hoses down calls to carve up his tax revamp

Business groups are urging the federal government to have a major rethink over its capital gains tax measures but Jim Chalmers is remaining steadfast.

AAP

'Poison pill': coalition attacks Labor's tax 'wedge'

The coalition will still vote against the government's budget tax changes, even though it means voting against a $250 tax offset for working Australians.

The Conversation

Australia is forcing Chinese investors out of rare-earths projects. That creates other risks

It’s been a significant month for Australia’s ambitions to become a critical minerals superpower, while balancing its relationships with China and the United States.

The Canberra Times

Barr dismisses concerns about bracket creep wiping out public sector wage rise

Bracket creep 'needs to be dealt with' but concerns overblown.

The Canberra Times

A new government tactic to avoid scrutiny just dropped

Some advice for public servants ahead of budget estimates.

The Canberra Times

As Labor struggles with budget backwash, One Nation surfs a wave

Budget 'losers' can cause a lot of grief.

The Guardian - AU

Labor MPs expect eventual concessions for startups after backlash to CGT changes

Several MPs tell Guardian Australia they are keen to see tweaks, and some are engaging directly with treasurer’s office

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