Chris Luxon: Prime Minister stands firm against Labour's Capital Gains Tax - The Mike Hosking Breakfast

Chris Luxon is standing firm on his opposition to a capital gains tax.

A New Zealand Herald-Kantar Poll shows New Zealanders are evenly split on Labour's proposal for a tax on gains on commercial and investment properties.

Opposition is strongest in Auckland, while support for the CGT is stronger in every other region.

The Prime Minister told Mike Hosking Labour's proposal is ultimately a bad idea, that will harm businesses and leave everyone's KiwiSaver worse off.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.