CGT would be a ‘wrecking ball’ for Kiwi economy, NZ PM tells Albanese
The prime minister and his Kiwi counterpart have traded light-hearted barbs in Noosa, masking a deep divide over capital gains tax as both leaders face looming domestic battles.
New Zealand Prime Minister Christopher Luxon has warned Australian Prime Minister Anthony Albanese that a proposed capital gains tax would be detrimental to the New Zealand economy. The leaders discussed the issue during a meeting in Noosa, Australia, though the exchange was reportedly friendly. Luxon expressed concerns that such a tax would negatively impact investment and economic growth in New Zealand. The differing stances on capital gains tax come as both leaders prepare for significant domestic political challenges.
The differing economic policies between Australia and New Zealand on capital gains tax could impact cross-Tasman investment and economic relations.
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