SBS News In Depth

Grattan proposes a 15 per cent GST that includes food, with tax cuts and welfare payments to offset the cost.

The Grattan Institute says raising the GST from 10 to 15 per cent and extending it to food could help fund income tax cuts, welfare payments and state services. But both major parties have rejected the proposal, and concerns remain about its impact on households and inflation. SBS Finance Editor Ricardo Gonçalves speaks with Grattan Institute CEO Aruna Sathanapally, then examines the ASX’s rise, global tech selling and China’s growth with George Boubouras of K2 Asset Management.

In this episode:

• What a broader, higher GST could mean for household budgets, income tax and welfare payments

• Why the proposal faces political resistance, and the concerns about its impact on inflation

• What the ASX’s gains reveal as global technology stocks sell off and oil prices rise

• How stronger Chinese growth and unrest in France could affect investor sentiment and opportunities

SBS On the Money is a daily finance podcast where SBS Finance Editor Ricardo Gonçalves unpacks the ASX, the economy and the latest market moves with leading analysts and executives.

Listen to more episodes of SBS On the Money, and follow the show on the SBS Audio app, Apple Podcasts, Spotify or wherever you get your podcasts.

For the latest news from Australia and around the world, visit SBS News and follow us on YouTube, TikTok, Instagram, Facebook and X.

The government has announced its new ghost shark submarines are set to gain strike capabilities as a separate trade deal faces political hurdles.

The government's new defence capabilities will be put to test in San Diego this week, as it looks to strengthen Australia’s undersea warfare abilities. Meanwhile, the trade deal with the EU that was announced in March is struggling to get support in parliament.

In this episode:
The government's announcement and rationale behind its new ghost shark submarines that are set to gain strike capabilities under a secretive defence project developed under AUKUS
What experts have to say about the new announcement.
Why a separate AUS-EU trade deal - yet to be ratified by parliament - is facing political hurdles.
SBS News in Depth is a news analysis podcast from SBS, going behind the headlines with reporting and interviews on the stories shaping Australia and the world.

Listen to more episodes of SBS News in Depth, and follow the show on the SBS Audio app, Apple Podcasts, Spotify or wherever you get your podcasts.

For the latest news from Australia and around the world, visit SBS News and follow us on YouTube, TikTok, Instagram, Facebook and X.

A deadly fire at a Canadian military base has killed four soldiers and left dozens injured. As witnesses recount chaotic scenes, investigators search for answers.

Prime Minister Mark Carney says it's one of the worst peacetime tragedies to hit Canada's armed forces on home soil. Investigators are working to determine what caused the grass fire, which spread rapidly through the base, fueled by unusually strong winds.

In this episode:
Witnesses recount frightening scenes at a nearby health facility.
What authorities say about the grass fire that quickly escalated amid strong winds.
The latest on the investigation into the cause of the blaze and the casualties.
Why Prime Minister Mark Carney has described it as one of Canada's worst peacetime military tragedies.
How the emergency response unfolded as military and civilian crews battled the fire through the night.
SBS News in Depth is a news analysis podcast from SBS, going behind the headlines with reporting and interviews on the stories shaping Australia and the world.

Listen to more episodes of SBS News in Depth, and follow the show on the SBS Audio app, Apple Podcasts, Spotify or wherever you get your podcasts.

For the latest news from Australia and around the world, visit SBS News and follow us on YouTube, TikTok, Instagram, Facebook and X.

From torched buildings in France to housing protests in Portugal, rising living costs are fuelling anger across Europe.

An Afghan refugee in Australia helps women under Taliban rule earn an income through embroidery.

An Afghan refugee in Australia is helping women living under Taliban rule earn income through traditional embroidery. As the initiative grows, participants say it is helping families stay together. But behind every piece is a carefully managed operation working amid restrictions, risk and uncertainty.

In this episode
How a Sydney-based social enterprise grew from helping one widow to supporting more than 80 people in Afghanistan.

The powerful story of a family facing an impossible choice, and how embroidery changed their path.

Why earning an income can be both essential and risky for women living under Taliban rule.

The secretive network that delivers supplies, payments and finished works while protecting those involved.

What visitors to a Sydney exhibition discovered behind the intricate embroidery and the women who created it.

SBS News in Depth is a news analysis podcast from SBS, going behind the headlines with reporting and interviews on the stories shaping Australia and the world.

Listen to more episodes of SBS News in Depth, and follow the show on the SBS Audio app, Apple Podcasts, Spotify or wherever you get your podcasts.

For the latest news from Australia and around the world, visit SBS News and follow us on YouTube, TikTok, Instagram, Facebook and X.