Multiple Australian outlets report that New Zealand is encouraging Australian startups and entrepreneurs to consider setting up or structuring their businesses in New Zealand, amid concern about upcoming changes to Australia’s capital gains tax (CGT). The articles say the pitch is aimed at founders who fear the effect the reforms could have on investments, exits and gains made through companies or other assets.
The reporting characterises the effort as a competition for entrepreneurial activity across the Tasman, with New Zealand positioning itself as a more favourable jurisdiction for certain business and tax outcomes. While the articles frame the advice as a way to “do it in NZ” to potentially reduce or avoid CGT impacts for Australian residents and investors, they do not indicate that such moves are guaranteed to eliminate tax obligations in all cases.
Overall, the sources describe a push by New Zealand to attract Australian business founders looking for tax certainty or improved outcomes as Australia’s CGT changes approach.
