September 8, 2023

New Zealand’s political stage is ablaze with controversy as the opposition National party unveils a bold, albeit controversial, plan to impose taxes on foreign property buyers. The plan, aimed at generating NZ$3 billion ($A2.7 billion) in revenue over four years, is raising eyebrows and sparking heated debates. Opposition Leader Chris Luxon took center stage in Auckland to kickstart his party’s election campaign on a sunny Sunday afternoon, with the looming October 14 election casting a long shadow. However, Luxon and finance spokeswoman Nicola Willis stumbled over a critical element of their tax policy. Their proposal involves lifting the ban on