Leading economists have endorsed Labor's proposed overhaul of negative gearing and capital gains tax, citing improvements in generational fairness, despite concerns about design flaws like a 30% minimum tax. Business groups strongly oppose the changes, warning of a chilling effect on investment, particularly for startups and small businesses.
Leading economists largely support Labor's proposed overhaul of negative gearing and capital gains tax, citing improvements in generational fairness and tax equity, despite concerns over design flaws like a 30% minimum tax. Business groups strongly oppose the changes, warning of reduced investment and increased complexity.
A Senate inquiry into the federal government's budget measures commences today in Canberra. A new Resolve poll indicates One Nation Leader Pauline Hanson has surpassed Prime Minister Anthony Albanese as the preferred prime minister.
A Labor-led human rights committee has found proposed changes to Australia's National Disability Insurance Scheme (NDIS) to be 'retrogressive' and lacking alignment with an independent review. The changes, which could remove over 200,000 participants, raise human rights concerns regarding access to disability support.
The Albanese government's proposed changes to the National Disability Insurance Scheme (NDIS) to cut spending and reduce participant numbers have drawn heavy criticism from advocates and people with disabilities during a Senate inquiry. Shadow NDIS minister Melissa McIntosh also discussed concerns about the legislation.
Australia faces various political challenges: One Nation's surge in popularity and fundraising, debates over AUKUS partnership stability, criticism of Labor's NDIS changes, concerns over gambling ad regulations, and AI regulation disputes.
Australia's Nacc faces a crisis of public trust after controversies, including bungled robodebt referrals and Commissioner Paul Brereton's handling of conflicts of interest, prompting calls for a 'reset' ahead of his early departure.
The inquiry heard calls for more scrutiny over how Commonwealth money is spent in the NT, which is trending backwards on seven Closing the Gap targets.
Natural gas taxes are back in the fray after the expansion of Chevron's Gorgon project off WA's north-west coast received environmental approval amid a Senate inquiry into how resources are taxed.
