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Australian news and politics live: Chalmers to get major ministerial powers from controversial tax change bill

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Max CorstorphanThe Nightly
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A controversial tax bill will hand Jim Chalmers almighty powers.
Camera IconA controversial tax bill will hand Jim Chalmers almighty powers. Credit: The Nightly.

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'ETERNITY’: ‘Trump doubles down after Netanyahu claim

US President Donald Trump has again shared details of his call with Israeli Prime Minister Benjamin Netanyahu.

Mr Trump said he has also spoken to Hezbollah, who have agreed to stop striking Israel if Israel agrees to stop striking them. After Mr Trump first made the claim, Mr Netanyahu said his position remained unchanged. That sparked another statement from the US President.

“I had a conversation with Bibi Netanyahu today, asking him not to go into a major raid of Beirut, Lebanon,” Mr Trump wrote on Truth Social.

“He turned his Troops around. Thank you Bibi! I also had a conversation with Representatives of the Leaders of Hezbollah, and they agreed to stop shooting at Israel, and its soldiers.

“Likewise, Israel agreed to stop shooting at them. Let’s see how long that lasts — Hopefully it will be for ETERNITY!”

Read the full story.

Middle East uncertainty as Trump, Iran, Netanyahu split

US President Donald Trump claims to have made a ceasefire agreement between Israel and Hezbollah after Iran reportedly walked away from peace talks over escalating conflict in Lebanon.

Mr Trump claims negotiations are continuing and Israel will stop striking Hezbollah.

Israeli Prime Minister Benjamin Netanyahu says that he told Mr Trump his position has not changed, threatening to strike terrorists in Lebanon and move troops deeper into the country.

As for Iran, state media outlets claim that Tehran has called off ceasefire talks in protest until Israel stops striking Lebanon.

Read the full story.

Almighty Chalmers’ CGT, negative gearing powers

Jim Chalmers will reportedly be granted extraordinary discretionary powers from Labor’s controversial tax change bill, allowing the treasurer to make captain’s calls at his will.

The legislation has “ministerial discretion” inclusions that would allow Dr Chalmers to have final say over unclear elements in Labor’s post-Budget package.

It is understood that Dr Chalmers would be able to decide which assets can retain CGT discounts, what incomes could be exempt from minimum CGT and what is classified as a “new build” to be eligible for negative gearing.

If passed as is, Dr Chalmers would be free to make changes and final decisions after Labor rushes through their controversial changes.

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