Anthony Albanese says raising the rate of the GST ‘doesn’t fit’ with his support for progressive taxation, signalling he will be unlikely to seriously consider reforming the measure as part of the economic reform roundtable.
Chris Bowen has committed $432m to chemicals giant Orica for a green hydrogen hub in the Hunter Valley, doubling down on the emerging technology despite a wave of abandoned projects across Australia.
Anthony Albanese says raising the rate of the GST ‘doesn’t fit’ with his support for progressive taxation, signalling he will be unlikely to seriously consider reforming the measure as part of the economic reform roundtable.
Chris Bowen has refused to call on Victoria to encourage the development of gas, despite warning that supply from the Bass Strait was ‘depleting very rapidly’.
New gas projects will be forced to provide supply to the domestic market, with an east coast reservation scheme to be considered under a sweeping review into the regulations of the sector by the Albanese government.
Victoria’s Premier labelled Queensland’s David Janetzki’s shot at her state over its share of GST revenue as ‘bullshit’.
Treasurer Jim Chalmers says the long-term impact of economic reform ‘demands collaboration and compromise’ from politicians, union leaders and business figures.
Anthony Albanese has hit back at a fresh claim by the Trump administration that his government is not investing enough in defence, declaring the budget ‘received the overwhelming support’ of Australians.
Jim Chalmers has also opened a public consultation process so people can send their economic reform ideas to the talks, which will be held in August.
Sussan Ley is unlikely to offer bipartisan support to Labor on economic reform that includes tax increases in some areas, putting spending restraint as the cornerstone of any Coalition plan to bring the budget back into a sustainable position.
Original URL: https://www.theaustralian.com.au/author/greg-brown/page/3