Business mogul Donald Trump is pushing for a tax holiday for overseas investors to invest more in Australia, despite warnings from his own business advisers that the move could hurt his chances of success in his bid to win the US presidency.
“I think it’s a very smart thing for me to do,” Mr Trump told the ABC’s Insiders program.
“There’s a lot of great businesses and great investment opportunities in Australia.
I think it would be a great thing for Australia.”
Mr Trump bought media assets in China and has been lobbying to pass a tax break for the country in recent months.
Mr Trump is hoping to use his wealth and celebrity to win over voters in the US, the home of the world’s second-biggest economy.
Mr Christie said the tax holiday would boost tourism and boost business opportunities for investors who were currently moving money overseas.
“We have a very small number of foreigners coming in.
They have a large amount of money and they’re very comfortable,” he said.
“What they’re looking for is not just for a great return, but a good return.”
He said the investment opportunities could be lucrative for investors from overseas.
He said Mr Trump’s views on tax relief for overseas companies were similar to those of his son-in-law, Jared Kushner, who also wants a tax-free holiday for investors.
“My son- in-law’s views are similar to mine.
He thinks we should just take advantage of what’s there,” Mr Christie told Insiders.
“He’s in favour of a lot more taxes coming into the country.”
He added that Mr Kushner’s views were also similar to his own, as he has previously expressed concerns about the US’s relationship with China.
“You know, he’s an extremely intelligent person, a very thoughtful person,” Mr Kushner said.
Mr Kushner is not alone in his push for a holiday for foreign investors.
On Wednesday, Mr Christie’s wife Ivanka Trump said she would also push for tax relief in Australia to attract overseas investors.