After decades of timidity from governments and opposition leaders, Australia has now seen two radical tax reform proposals in as many days.
Economy
Young Australians need a credible path to wealth. Instead, this budget protects existing property owners and taxes risk-taking harder.
Measures in the budget long championed by the Productivity Commission to slash red tape have been largely overlooked. They could be the first step to solving an intractable problem.
Tech’s loudest voices say capital gains tax reform will stifle innovation. But founders also need local capital, affordable housing and room to take risks.
The federal government is proceeding with an overhaul of the RDTI from its broad to eligibility criteria to be more targeted.
It may take several budget cycles for the Albanese government to truly achieve reform.
Consumers may look past fuel crisis-related price hikes in the short term, but they are unlikely to let businesses off the hook if inflationary pressures persist.
Tonight’s budget will be about resilience. To really achieve that, we need to fix markets, rebuild trust with industry and mobilise private capital.
Anthony Albanese’s budget gamble on property tax reform smells like a broken promise. It could also be a calculated play for younger voters.
Australia faces a shortage of 28,000 truckies. With unions opposing recruitment of overseas drivers to fill the shortfall, the Coalition says it would boost productivity.
The 2026 budget is tipped to be the most critical, and interesting, for years. And the stakes could not be higher for the nation or for the treasurer.
The leadup to the budget is always heavily curated. But the Middle East crisis has thrown a serious spanner in the works for Treasurer Jim Chalmers.
Once again, the startup sector is pushing back hard against mooted tax changes it says would hit founders and employees paid in equity.
Despite rising loss rates, higher interest rates and potential tax changes, the nation’s second biggest bank is sticking to its strategy of winning the investor segment.
With another rate rise, Michele Bullock is wielding the RBA’s sledgehammer. Now Jim Chalmers must decide whether to reach for the budget scalpel.
Australia deserves a fair return from gas, but PRRT reform would do more than a blunt export tax to protect supply and investment.
Australians increasingly do not trust their institutions. The Reserve Bank is bucking that trend.
