Australia's latest government Budget has prompted some strong reactions.

A recent headline in The Australian newspaper declared: Budget increases New Zealand's appeal as a tax haven.

It said, with no capital gains tax, no stamp duty or land tax, and the opportunity to negatively gear, business owners and property investors in Australia were looking across the Tasman with "genuine envy".

But how do the tax systems compare? Are New Zealanders getting a better deal? And is that actually a good thing?

Australia's latest government Budget has prompted some strong reactions.