Albanese Minister Responds to New Zealand PM's Critique of Capital Gains Tax Changes
Albanese minister's pointed message to New Zealand Prime Minister after he labelled capital gains tax a 'wrecking ball'

Image: Mail Online
Australian Minister Amanda Rishworth defended changes to the capital gains tax after New Zealand Prime Minister Christopher Luxon labeled it a 'wrecking ball.' Rishworth urged Luxon not to interfere in Australia's tax matters, emphasizing the differences between the two countries' tax systems.
- 01New Zealand PM Christopher Luxon criticized Australia's proposed capital gains tax (CGT) changes, calling it a 'wrecking ball.'
- 02Amanda Rishworth, Australia's Workplace Relations Minister, defended the CGT reforms, stating they aim to rebalance the tax system.
- 03Rishworth emphasized that Australia and New Zealand have different tax systems, making direct comparisons inappropriate.
- 04The Australian government's CGT changes were passed in the House of Representatives and are set for Senate debate in June.
- 05Rishworth asserted that the additional revenue from CGT changes will benefit workers in Australia.
Advertisement
In-Article Ad
Amanda Rishworth, Australia's Workplace Relations Minister, defended recent changes to the capital gains tax (CGT) after New Zealand Prime Minister Christopher Luxon described them as a 'wrecking ball.' Luxon's comments came during a meeting in Noosa, Queensland, where he expressed concerns about CGT's impact on New Zealand's economy, which does not have a comprehensive CGT. Rishworth responded on Sky News, suggesting Luxon should refrain from commenting on Australia’s domestic tax issues, highlighting the differences between the two countries' tax systems. She clarified that the Australian government is not increasing the CGT but rather recalibrating how it is calculated to ensure fairness and revenue generation. The changes, which include winding back CGT concessions, were recently passed in the House of Representatives and will be debated in the Senate in June. Rishworth reassured that the additional revenue will be redirected to benefit workers in Australia, reinforcing the government's commitment to improving the economic situation for its citizens.
Advertisement
In-Article Ad
The changes to the capital gains tax are expected to generate additional revenue, which will be redirected to support workers in Australia.
Advertisement
In-Article Ad
Reader Poll
What do you think about the proposed changes to the capital gains tax in Australia?
Connecting to poll...
Read the original article
Visit the source for the complete story.




&w=1200&q=75)