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Global Business News

The Economic Times

Global Business / The Economic Times

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'Not cricket': documents reveal rare Australia-New Zealand diplomatic spat

New Zealand officials expressed strong disapproval of Australia's unilateral tax treaty changes. They described the action as poor form and not in the spirit of cricket. This dispute arose after Australia altered laws affecting New Zealand property investors. New Zealand ministers urged a stronger response to the treaty breach. Australia's Treasury stated they are engaging in treaty renegotiations with New Zealand.

28 Aug 2026 12:09 pm