THE BRIEF: Chalmers offensive gets underway
By Matt Buchanan in Media News on Tuesday, 15th July 2025 at 7:30amThe Treasurer might not be promising a new tax—but the sound of economic reform drums is growing louder. The AFR’s Ronald Mizen reports that the Commonwealth Bank has thrown a red flag into Jim Chalmers’ roundtable with a blunt submission: forget about corporate tax cuts, target wealth instead, and review the GST.
A “frank submission” indeed. Most notably, the CBA directly contradicts the Business Council of Australia—of which it's a member—by arguing company tax cuts should not be the priority. That chorus gets louder in The Australian, where Matthew Cranston and Greg Brown write that Chalmers is now “open” to new taxes and more cuts to spending. Their story follows the accidental release of Treasury advice warning that without these changes, the budget isn’t s...
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