Saul Eslake: Australian independent economist on the claims that the Budget is turning NZ into an Australian tax haven
Following the release of last week's Budget, there's growing claims that Australians are looking across the Tasman with 'genuine envy'.
A recent article in The Australian claimed that with no capital gains tax, no stamp duty or land tax, and the opportunity to negatively gear, business owners and property investors have taken more interest in New Zealand as a result.
Australian independent economist Saul Eslake says this is likely just wishful thinking as a response to the recent Budget.
"People look over the ditch and see that New Zealand's top rate of 39 is lower than our top rate of…
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