ANZ CEO endorses CGT on investment properties, PM Luxon opposes during recession, and Labour's McAnulty supports the case.

ANZ CEO Antonia Watson has publicly endorsed a capital gains tax (CGT) on investment properties in New Zealand, arguing it would promote fairness. In response, Prime Minister Christopher Luxon criticized her stance, asserting that taxing during a recession is misguided and urging her to focus on other solutions for New Zealanders' wellbeing. Labour's Kieran McAnulty suggested Watson's comments strengthen the case for a CGT, though the government has yet to finalize its tax policy.