Tax

RBA governor Michele Bullock said the central bank would consider cutting rates before inflation returned to 2.5 per cent if the economy was in good shape, while the ASX ended higher for the third-straight day after a subdued start.

Former IT worker Abhishek Mishra alleges that he owes fees and penalties on almost $400,000 in tax debts because NBN Co and EY have breached their employment obligations to remit the taxes and provide him with "proper and independent" taxation advice.

The prime minister, obviously, is now wagering that people won't mind him breaking a promise if it lands them some extra cash in their pockets, write Annabel Crabb and Brett Worthington. 

Australian shares end higher after AGL posts a better than expected half-year profit and upgrades its forecast for the full year. Mainland Chinese shares shrug off the worst deflation numbers since the global financial crisis. Look back on how the trading day unfolded.

Dutton may not have produced much policy detail in the 21 months since the last election, but he's talking a big game about what's to come, writes David Speers. 

Shadow treasurer Jane Hume defends the opposition folding on Stage-3 tax cuts.

The Australian share market rebounds from two straight sessions of losses led by heavyweight miners, while the Woodside-Santos merger collapses, and NAB promotes British-Canadian executive Andrew Irvine as its next CEO.

There are two things the prime minister needs to get into his head about tax. One is that saying he won't make any further changes no longer works. The other is that negative gearing doesn't do much to get people into homes, writes Peter Martin.

Prime Minister Anthony Albanese has spoken to 7.30 after the Opposition announced it would support the Government's new tax plans.

Anthony Albanese has denied his government has failed to outline a way forward on Indigenous policy following last year's unsuccessful Voice referendum.

The Opposition Leader had previously said there should be an early election over the tax changes.

The Coalition has agreed to support the Federal Government's overhaul to the stage three income tax cuts, with the bill set to pass parliament.

The federal government's amended tax cuts will pass parliament without Labor needing to strike a deal with the Greens, with the Coalition deciding to support the cuts in a partyroom meeting.

The RBA has kept interest rates on hold at 4.35 per cent after its first two-day meeting, but says it cannot rule out future rate hikes to keep inflation in check. Look back on how the day unfolded with our blog.

Leaving the cash rate unchanged today is all but a foregone conclusion for the RBA. Behind closed doors, you can't help but wonder if November's rate hike was a mistake as the economy cools, writes Ian Verrender.

Confused about how much you'll actually be get across all three stages of the tax cuts? Exclusive new data reveals how much you need to earn to reap the biggest percentage return if the redesigned tax cuts are passed into law.

As parliament returns, Laura Tingle gives her take on the Government's attempt to change its political fortunes through the stage 3 tax cuts.

If you're buying a home that has been "substantially renovated" you may have to pay GST. The problem home buyers face is that what qualifies as a "substantial renovation" is uncertain, writes Christine Peacock.

Regardless of whether Australia's economic picture is improving or heading for a crash, it's unlikely voters will have stage 3 tax cuts front of mind come the next general election, writes Melissa Clarke. 

Anthony Albanese has announced changes to the Stage 3, which were due to begin on 1 July 2024. Business reporter Michael Janda explains what the changes will mean, and who benefits.

Opposition Leader Peter Dutton has given his strongest suggestion the Coalition will vote alongside the government to pass revised tax cuts to benefit lower and middle income workers — but he has left a final decision for when parliament sits next week.

ASX200 closes at record high following gains on Wall Street after Apple, Amazon and Facebook's Meta post results. The dispute between DP World and the Maritime Union comes to an end, but impact could linger for industry and consumers. New data shows lending for new homes is slowing. 

Which neighbourhoods, occupations and age groups are more likely to benefit or miss out from the redesign of the stage 3 tax cuts? We've delved into the data to find out how different parts of Australia compare.

A slump in banking stocks leads the Australian share market off its record high, as the US Federal Reserve douses rate cut expectations. See how the day unfolded on our markets blog.

More than half the cost of a bottle of spirits goes to the tax office. Distillers want a two-year pause on the "outrageous" excise, but the Alcohol and Drug Foundation says it's necessary to stop harmful drinking.