The Latest Breaking News from Jim Chalmers

Sky-high tobacco prices in Australia have created a lucrative black market, analysts say, sparking a violent "tobacco war" and syphoning away billions in potential tax revenue.

Anthony Albanese is vowing to ban price gouging at the checkout but the opposition claims he's too weak to keep the supermarket giants in line.

The tax cuts announced in Jim Chalmers’ fourth budget have left the opposition leader and shadow treasurer with limited options

As the election starter’s gun is about to be fired, Tuesday’s budget announced modest income tax cuts as the government’s latest cost-of-living measure. The Coalition has opposed the tax relief, with Peter Dutton’s Thursday budget reply to put forward his policy counters on the cost of living.

Growing illicit tobacco trade is undercutting the legal market, leaving government coffers short of funds to pay for major policies

Labor’s legislation passes the lower house without Coalition support

The federal treasurer won't budget a "big number" to fill a funding hole in a massive rail line project, but the state's premier vows to push on regardless.

CPI figures have economists predicting one to three RBA cash rate cuts in 2025 – the question is whether one will occur before federal election

Treasurer Jim Chalmers has described the income tax cuts in this week’s federal budget as a “top-up”. They will amount to roughly one cup of coffee a week for every taxpayer in the first year.