Health Minister Mark Butler is pushing to pass contentious NDIS reforms this month, warning against delays. The Coalition and Greens are considering teaming up to extend inquiries into the NDIS, negative gearing, and capital gains tax changes, which disability groups and state ministers have criticized.
Health Minister Mark Butler is pushing to pass controversial NDIS reforms this month, rejecting opposition calls for extended inquiries. He warns that delays could cost billions and hinder improvements to support quality and fight fraud, accusing the Coalition of using the bill as a political pawn. Disability advocates and state ministers have criticized the proposed changes.
Labor Treasurer Jim Chalmers highlighted Shadow Treasurer Tim Wilson's own 2020 book, 'The New Social Contract,' which advocates for taxing labor and capital income equally and criticizes preferential tax treatment for established interests, aligning with Labor's proposed budget changes on capital gains tax and negative gearing.
Australian house prices continue to outpace income growth, with a 10.3% annual increase. Budget changes to capital gains tax and negative gearing aim to improve affordability after 26 years of escalating prices, though a 10% price drop would only reverse a small fraction of the damage.
The Greens are scrutinizing the Australian government's tax reform bill, particularly powers that could allow the treasurer to exempt homeowners in his electorate from capital gains tax changes. While Labor seeks Greens' support for passage, concerns remain about potential legislative overreach.
Treasury claims 90% of young Australians will benefit from the Albanese government's tax proposals, including a $1,000 tax deduction and reforms to capital gains tax and negative gearing. The reforms face opposition criticism and internal Labor tensions, particularly over potential impacts on young investors with share market holdings.
Leaked documents show mining giant BHP is delaying decarbonisation efforts in Western Australia, purchasing polluting trucks and scrapping greener facilities. Experts warn this could have global implications. The Pope also denounced AI.
Leaked documents reveal mining giant BHP is delaying decarbonisation efforts in Western Australia. Pope Francis has criticized AI, while Australia's David Pocock discusses a potential 'teal' political party. The world's longest golf course and other news are also covered.
Australian PM Anthony Albanese will present controversial changes to negative gearing and capital gains tax on Thursday, aiming for swift parliamentary passage despite internal party debate and external criticism from investors and business groups. The government emphasizes the budget's focus on housing affordability.
PM Albanese defends limited industry consultation on budget tax changes, citing insider knowledge risks. He also confirmed fuel supplies are secure until July and detailed upcoming tax reforms including a $250 offset tied to CGT and negative gearing changes. Independents discussed potential new parties and urged caution on tax reforms.
Changes to negative gearing and capital gains tax announced in the federal budget have negatively impacted market sentiment, leading to a drop in auction clearance rates. Experts suggest this cooling market could present opportunities for first-home buyers, while potentially making it less appealing for investors.
Prime Minister Anthony Albanese passionately defended Labor's proposed tax reforms, including changes to negative gearing and capital gains tax, stating they aim to rebalance the housing market for first-home buyers and support aspiration for all Australians. He faced criticism but received a standing ovation at a state conference.
One Nation is dissolving and re-establishing branches amid internal risks, while housing advocates urge support for Labor's negative gearing and capital gains tax reforms. Feral horse numbers surge in Kosciuszko National Park, and Israel deports activists seized from a Gaza-bound flotilla.
Australian community and housing groups urge parliament to pass Labor's negative gearing and capital gains tax changes to improve fairness for renters and first homebuyers, despite concerns from economists and the property lobby.
Australia's government is defending recent budget changes to negative gearing and capital gains tax, despite negative polling. Ministers argue the measures will boost housing supply for young buyers, while critics accuse them of breaking election promises.
Australia's Treasurer Jim Chalmers defended proposed tax changes, including reduced Capital Gains Tax discount and changes to negative gearing, arguing they remove market distortions and encourage investment based on economic, not tax, outcomes. Critics argue the reforms harm young investors and rentvestors.
Just like it did in 2019, Labor is making an argument about wealth in Australia when it proposes negative gearing and capital gains tax changes.
Just like it did in 2019, Labor is making an argument about wealth in Australia when it proposes negative gearing and capital gains tax changes.
Answers to all your questions about the federal budget's changes to negative gearing and the capital gains tax.
Treasurer Jim Chalmers has defended negative gearing and capital gains tax changes unveiled in his fifth federal budget last night. Follow live.
There's no doubt that taking away negative gearing on existing properties will reduce the amount many investors can afford to pay, evening up the playing field for owner-occupiers. But these tax changes by themselves aren't a cure all.
If the reforms help younger Australians believe home ownership is within reach, Labor can expect to collect a political dividend.
Tax perks that have been used by property investors for decades to maximise profits and offset their losses will be restricted from tonight, in one of the most significant changes to the tax system in years.
Tax perks that property investors have used for decades to maximise profits and offset their losses will be restricted from tonight, in one of the most significant changes to the tax system in years.
