Christopher Luxon brands CGT a ‘wrecking ball’ to NZ economy during Albanese meet

Sky News Australia

Sky News Australia

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June 6, 2026

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New Zealand Prime Minister Christopher Luxon says a capital gains tax would be a “wrecking ball” for the country's economy during a joint press conference with Prime Minister Anthony Albanese. “There’s been a long-running debate now for over 10 years about the merits of introducing a CGT or not,” Mr Luxon said. “We just think a CGT being introduced to New Zealand now would be a wrecking ball for our economy.”

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