Tax

As Australians head to the ballot box, the lack of affordable housing is posing a major issue for many. But the debate about how to constrain prices remains a sore point because millions are home owners and many have built their wealth through property.

Several key independent MPs say if they are returned to parliament on May 3 and neither Labor nor the Coalition win an outright majority, they will seek a review of Australia's tax base through a "broad-ranging" process, saying the "taboo" on tax must end.

Both Labor and the Coalition have announced tax concessions ahead of polling day on May 3. Here's how much you could potentially save under Labor or the Coalition. 

Tax rebates for rural Australians were last updated more than 30 years ago. Voters say it is time for them to be on the election agenda.

Peter Dutton, now seriously on the back foot, has made an extraordinarily big "aspirational" commitment at the back end of this campaign.

Australian shares ended the day higher, as the latest labour force data shows employment increasing by 32,000. Wall Street fell again, as tariff fears continue. 

Jim Chalmers and Angus Taylor have clashed over housing policy during a heated debate about Australia's economy on 7.30.

From toy brands to fashion labels, some Australian firms are facing tariffs way above the 10 per cent "baseline". Company owners say they are not getting enough support as they navigate soaring tariffs to send Chinese-made goods into the US.

Australian shares have risen 2.3 per cent as markets across Asia have clawed back some ground after sessions of heavy selling. Japan is leading the gains as it prepares to negotiate with the Trump administration.

Fears of a recession in the US and big losses on Wall Street flowed through to the Australian share market, which dropped around 4 per cent over the week, its worst five-day performance since June 2022.

Legislation to replace Victoria's Fire Services Levy with an expanded tax could be voted through by the Legislative Council today, but farmers are calling for it to be blocked.

The Australian share market closed in positive territory ahead of US President Donald Trump's next round of tariffs. Look back on the day's business news on our blog.

A decline in cigarette sales amid a boom in illegal tobacco has added to the stress for small businesses already struggling.

A policy fight over cost-of-living relief has emerged with a federal election looming. Labor and the Coalition have both promised to ease hip pocket pain, but voters will be asked to choose between income tax cuts or cheaper petrol. 

Tax cuts and fuel excise took centre stage on what's effectively the last day of the 47th Parliament.

The opposition says it would repeal Labor's legislated tax cuts and instead halve the fuel excise for a year. Here's how that would work.

Opposition Leader Peter Dutton will promise to halve the tax on fuel for 12 months in his budget reply on Thursday, which the Coalition says would save a two-car household roughly $28 a week on average and reduce inflationary pressures.

The federal budget includes a "modest" tax cut for every taxpayer, starting from next year.

The Shadow Treasurer Angus Taylor says the Opposition will not support the Government's proposed $17 billion tax cut, saying it doesn't do enough to combat cost-of-living.

It was the federal budget that almost didn't happen, but the government is set to deliver its fourth budget tonight before voters head to the polls by mid-May. Here's every announcement that we already know about.