Tax promises are cheap, but the bill is coming

Christopher Luxon in a fireside chat with Fran O'Sullivan at the Trans-Tasman Business Circle. (Image: Dileepa Fonseka/BusinessDesk)

Dileepa Fonseka

Mon, 26 May 2025

The words “no new taxes” never passed Prime Minister Christopher Luxon’s lips on Friday, but likely only because the soundbite never occurred to him.“That sounds like a Labour Party policy, doesn't it? Which is spend more, a lot of it on wasteful spending, borrow more, and tax more,” the PM said to media after a Trans-Tasman Business Circle lunch in response to a question around more taxes.“We don't think that's the right way forward. We think the right way forward is to incentivise growth and, as...

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