‘Extraordinary threat': Questions if Trump will follow through on Russia tariffs
'I think personally he is very torn on the issue,' Mr Creighton told Sky News Digital Presenter Gabriella Power.
'I do wonder if the US will follow through on that tariff; that is an extraordinary threat.'

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Sky News AU
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Shadow treasurer Ted O'Brien warns Albanese government ‘definitely going after taxing capital' at economic round table
Shadow treasurer Ted O'Brien has accused the Albanese government of plotting to raise taxes on capital, ahead of Treasurer Jim Chalmer's economic round table. Mr O'Brien told Sky News Sunday Agenda that the government was laying the groundwork to increase taxation across key areas of the economy. It comes after leaked treasury advice warned that the government would need to hike taxes or cut spending in order to avoid massive budget blowouts. 'I think it's clear the government wants new taxes, and I think that's one of the things we have to prosecute over this first sitting of the parliament,' Mr O'Brien said. 'They're definitely going after taxing capital. They're going after taxing investment. They're going after taxing companies. 'I believe they have an agenda to tax — there's just no doubt about that.' The government has invited economists and business leaders to the economic round table from 19 to 21 August 2025 to address possible tax reform. However, Mr O'Brien questioned the integrity of the roundtable, suggesting Labor may already have made up its mind on key economic reforms. 'My fear here is Labor might actually have an agenda already, and that this is nothing but a talk fest,' he said. The opposition has called for a broader, bipartisan approach to tax reform, with Mr O'Brien signalling the opposition was open to a 'holistic' discussion. 'If it's done holistically, if it's looking at more efficient taxation, if you're looking at fixing up what is currently a mess with Labor being overly reliant on income taxes.' Labor is facing mounting fiscal pressures including ballooning NDIS costs, an expanding defence budget, and the cost of the Future Made in Australia program. Former Treasury secretary Ken Henry recently warned that without stronger productivity, the government would be forced to either raise taxes or cut spending. 'If we continue on that trajectory … we will have no option but to raise taxes,' Mr Henry told the National Press Club on Wednesday.


Perth Now
an hour ago
- Perth Now
'Definite urgency' for action on child safety checks
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Sky News AU
2 hours ago
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Attorney-General Michelle Rowland insists government is not targeting mining sector despite exclusion from summit invite list
Attorney-General Michelle Rowland has dismissed speculation the Albanese government is planning to increase taxes on the mining sector. Attorney-General Michelle Rowland has dismissed speculation the Albanese government is planning to increase taxes on the mining sector. Ms Rowland told Sky News Sunday Agenda the government was 'not looking at this' when asked about the possibility of increasing taxes on the mining industry. It comes after resource companies raised the alarm over their exclusion from the 24-member invite list to the Treasurer's upcoming summit. There have been concerns that a tax on resources could be used to fund broader tax reform at the government's upcoming productivity roundtable. 'I think the fact that the productivity roundtable is being held demonstrates that, led by the most able Treasurer, we have a broad agenda for reform,' Ms Rowland said. 'There are people who would like to be personally invited to this — there is only so much capacity that can be done in this particular environment. 'This is an ongoing dialogue that the Treasurer and the entire economic team and the government have been having with industry to examine ways in which we can increase our productivity.' — National Press Club (@PressClubAust) July 18, 2025 The mining sector has expressed concerns the government could use the roundtable to build momentum for new or increased taxes on the sector. The sector's nerves were heightened after former treasury secretary Ken Henry floated a $50 billion-a-year fossil fuel export tax. Mr Henry warned that cuts to corporate tax were difficult to justify without higher contributions from highly profitable miners. Billionaire Andrew Forrest's Fortescue Metals Group has separately proposed a cap on the diesel fuel rebate for big miners. Resources Minister Madeleine King recently told mining representatives that existing rebate arrangements were 'appropriate' and did not disincentivise decarbonisation. Treasurer Jim Chalmers has downplayed concerns over the invite list, saying the roundtable will be supplemented by further consultations. 'While we can't invite representatives from every industry or organisation, everyone has the chance to have their say in this process with online submissions still open,' he said. While major miners were not on the initial 24-person invite list, the Business Council of Australia — whose members include BHP, Rio Tinto and Woodside — has been invited.