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The Latest Breaking News from Jim Chalmers

Productivity Commission proposes biggest company tax rate cut in 40 years

A 20% cut for small and medium businesses put forward as part of commission’s report on how to create more dynamic and resilient economy

The Guardian - AU

Point of starvation spurs statehood push for Palestine

Australia recognising Palestinian statehood is only a matter of time, the treasurer says, as an expert warns starvation has reached a tipping point in Gaza.

AAP

The politics of falling inflation has been clear – lower is better. But Australia should beware its flip side: slow growth

There’s no convincing argument for the RBA not to cut interest rates on 12 August as economists say they are acting as a brake on the economy

The Guardian - AU

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Inflation slows again — but is it enough for the Reserve Bank to cut interest rates?

Inflation is moving in the right direction, but new figures released today may not be soft enough to trigger a cut in official interest rates in August.

The Conversation

If the economics of broadening or lifting Australia’s GST are challenging, the politics are horrendous

Labor is fundamentally opposed to changing the tax on consumption on the basis it hurts poorer Australians. And the worry about fairness is real

The Guardian - AU

Workers could be $14,000 ahead under a growth mindset

Australia's productivity tsar says Australian workers would be $14,000 better off each year in the long run if the nation treads the right path on reform.

AAP

View from The Hill: How much can Jim Chalmers get out of the economic reform roundtable?

We’re now less than a month away from the start of the Albanese government’s “economic reform” (aka “productivity”) roundtable, but it has become quite hard to get a fix on exactly what this gathering will amount to.

The Conversation

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Federal election feel like ages ago? Parliament is now back. Here’s your political refresher

Despite many pre-election predictions, the 48th Australian parliament looks quite similar to the 47th. The Labor Party has greater representation than before: 94 Members of the House of Representatives (up from 77) and 29 Senators (up from 26).

The Conversation

Peek into surprise RBA decision as rate cut on cards

Borrowers are hoping for clarity on the Reserve Bank's next moves as an unexpected jump in unemployment firms the case for an interest rate cut.

AAP

Trade stand-off continues as US drug tariffs loom

The deadline on US pharmaceutical tariffs has been dramatically brought forward, in the latest escalation of Donald Trump's trade war with the world.

AAP

Grattan on Friday: New parliament presents traps for Albanese and Ley

Anthony Albanese hasn’t been in any rush to convene the new parliament, which Governor-General Sam Mostyn will open on Tuesday.

The Conversation

Treasurer to trumpet teamwork in face of US trade wars

Countries are being urged not to bow to Donald Trump's trade demands as Australia's treasurer prepares to meet with his global counterparts.

AAP

Big bank's tax vision bucks business lobby, coalition

Australia's largest company has broken ranks with big business to call for wealth taxes and limits to superannuation tax concessions to help drive productivity.

AAP

Morning Mail: Chalmers’ plea to opposition, Victoria banner stoush, Trump’s arms for Ukraine

The treasurer urges other parties to get behind his drive to improve productivity; US president says Russia faces severe sanctions if it doesn’t make peace

The Guardian - AU

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The Guardian - AU

Afternoon Update: Treasury’s dire housing warning; German backpacker speaks after WA ordeal; and Cook Islands considers its future

Treasurer downplayed advice from department officials saying current policy settings would not deliver 1.2m new homes target

AAP

Home truths on housing target in leaked Treasury advice

Leaked advice on the government's new home target has failed to ruffle the treasurer, who says having an ambitious goal is better than building too few homes.

AAP

Call for envoy's resignation after husband's donation

Australia's anti-Semitism envoy Jillian Segal has been called on to resign after it was revealed a trust linked to her husband made a controversial donation.

The Guardian - AU

Greens question ‘due diligence’ around Labor’s antisemitism envoy pick – as it happened

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The Guardian - AU

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

AAP

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

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.

The Conversation

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.

AAP

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.

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