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The Latest Breaking News from Tim Wilson

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,…

The Conversation

Tony Abbott vows to not be silent in Liberal rebuild

Tony Abbott has spoken out against other conservative parties, but his vocal nature could cause trouble for Opposition Leader Angus Taylor.

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

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High stakes: who’s leading the fight against Labor’s CGT reform – and what’s in it for them?

Tax critics turn to AI memes and airport billboards in addition to traditional lobbying tactics. Here’s what you need to know about them

The Guardian - AU

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.

AAP

Afternoon Update: Guzman y Gomez quits US; Victorian man dies on Inca Trail; and Studio Ghibli-esque home torn down

GyG offered bigger burritos in the US than it does in Australia in an attempt to woo American customers

The Guardian - AU

‘Marginal change’: Keating lashes Coalition, John Howard and startup sector over CGT claims

Former Labor prime minister says the wealthy have been beneficiaries of tax system ‘distortion’ for decades

The Guardian - AU

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Afternoon Update: Tim Wilson calls budget an ‘earthquake’; NRL star’s shock MND diagnosis; and a whale’s 15,000km odyssey

The shadow treasurer claims Labor’s federal budget will require a ‘substantial clean-up job’

The Guardian - AU

Treasurer blames 'misinformation' for war on tax change

Critics of the government's capital gains tax changes are being accused by the treasurer of overstating how much extra tax small businesses will have to pay.

AAP

'Paddock of despair': MP blasts One Nation defectors

Two former Liberals have jumped ship to Pauline Hanson's One Nation as the right-wing party cannibalises the coalition's vote.

AAP

Australian economy expected to add thousands more jobs

The Australian Bureau of Statistics is forecast to post a positive gain in jobs when it publishes new data, as economists mull over sweeping tax changes.

AAP

Fuel excise extension weighed as states look to supply

The prime minister has left the door open to more tax relief at the bowser as state governments attempt to shore up their own fuel supplies.

AAP

Has Labor’s tax reform killed ‘rent-vesting’ for young Australians seeking a foothold in the housing market?

Changes to capital gains tax and negative gearing will make the strategy of renting in a preferred area while buying a cheaper property elsewhere less attractive, experts say

The Guardian - AU

Why budget rhetoric won’t match reality for many younger Australians

Figures show the treasurer’s reforms will make the tax system fairer but some will not have the advantages enjoyed by their parents

The Guardian - AU

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The Conversation

Politics with Michelle Grattan: Tim Wilson on the budget’s hidden hits on young Australians

The federal government’s fifth budget contains major, controversial changes to the tax arrangements for housing. The government has argued that the changes will ensure young people will have better access to the housing market.

The Guardian - AU

Coalition vows to repeal Labor’s ‘toxic’ negative gearing and capital gains tax budget changes

Opposition leader Angus Taylor and shadow treasurer Tim Wilson say future Coalition government would reinstate generous rules for property investors

The Guardian - AU

PM says opposition ‘reduced to a farce’ as government targeted over CGT – as it happened

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The Guardian - AU

Budget contains $45bn bottom-line improvement over four years as Jim Chalmers promises ‘spending restraint’

Anthony Albanese says ‘very wide-ranging budget’ will have a focus on housing, productivity and fuel security

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The Guardian - AU

‘Never, ever’: Tim Wilson walks back comments on potential One Nation rightwing alliance

Liberal frontbencher says he has ‘no interest’ in forming a coalition with Pauline Hanson’s party – a day after suggesting he might be open to it

The Guardian - AU

Budget to include extra $2bn for infrastructure – as it happened

This blog is now closed

AAP

Right tax moves matter more than mandates: treasurer

Expected changes to negative gearing or capital gains tax would not break an election promise because they would be for the right reasons, Jim Chalmers says.

The Guardian - AU

Canavan addresses Canberra anti-immigration rally – as it happened

This blog is now closed

The Conversation

While it wasn’t his idea, Medicare helped make the mythos of Bob Hawke

It was the big-picture reform that defined the Labor prime minister Bob Hawke and infuriated his opponents with its radical promise of a fairer, healthier society.

The Guardian - AU

Can you watch without wincing? Seven times Australian politicians burst into song

Tim Wilson’s take on a Billy Joel classic has triggered cheers and jeers in parliament. We look back at some unforgettable ‘performances’

AAP

Not migrants: research pinpoints housing crisis culprit

Cutting migration is often touted as the solution to improving Australia's housing crisis but researchers say there are more effective ways to fix the problem.

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