Australia news live: Jim Chalmers promises more tax reform in budget as war threatens to send inflation past 5%

Treasurer plans ‘ambitious’ changes to target intergenerational inequity. Follow today’s news live Get our breaking news email, free app or daily news podcast Jim Chalmers will today promise to deliver a trio of “ambitious reform packages” in the May budget that will rebuild fiscal buffers, make the tax system fairer, and lift the nation’s lagging productivity performance. In a major speech in Melbourne today, the treasurer will commit to “make hard decisions” in the upcoming budget, amid a...

By Martin Farrer