Support for Levy on Financial Transactions
Q. A number of governments around the world and international organisations have argued for a financial transactions tax – which is a small levy on large transactions of currencies, bonds and shares which could raise 480 billion euros (about $600 billion) globally. The idea behind this levy is that this would be a good way for the banking sector to contribute back to society for their part in the financial crisis.
Would you support or oppose such a levy?
|
Total |
Vote Labor |
Vote Lib/Nat |
Vote Greens |
|
| Total support |
59% |
66% |
57% |
63% |
| Total oppose |
16% |
12% |
22% |
10% |
| Strongly support |
20% |
26% |
15% |
21% |
| Support |
39% |
40% |
42% |
42% |
| Oppose |
10% |
7% |
13% |
7% |
| Strongly oppose |
6% |
5% |
9% |
3% |
| Don’t know |
25% |
22% |
21% |
27% |
59% supported the idea of a levy on large financial transactions and 16% opposed.
A majority of all demographic and voter groups supported the concept. Highest support came from Labor voters (66%) and men (65%).
Flood Response
Q. The Federal Government has announced a one-off levy on tax-payers and cuts in spending to fund the damage from the recent floods across Australia. Do you agree or disagree with each of the following actions they have taken?
| Total agree | Total disagree | Strongly agree | Agree | Disagree | Strongly disagree | Don’t know | |
| A levy on taxpayers earning over $50,000 | 44% | 50% | 14% | 30% | 23% | 27% | 7% |
| Scrapped cash for clunkers (Grants for owners of old cars to buy new cars) | 59% | 29% | 24% | 35% | 18% | 11% | 11% |
| Scrapped the Green Car innovation fund | 43% | 39% | 16% | 27% | 25% | 14% | 17% |
| Deferred grants for development of carbon capture and storage technology | 45% | 40% | 17% | 28% | 26% | 14% | 16% |
| Deferred or capped grants for solar energy programs | 32% | 56% | 10% | 22% | 33% | 23% | 12% |
| Scrapped Higher Education Capital Development Pool (for building new tertiary education centres) | 31% | 51% | 9% | 22% | 33% | 18% | 17% |
Respondents were more likely to agree with the Government decisions to scrap cash for clunkers (59% agree/29% disagree), scrap the Green Car innovation fund (43%/39%) and defer grants for development of carbon capture and storage technology (45%/40%).
However, they tended to disagree with the levy on taxpayers earning over $50,000 (50% disagree/44% agree), defer or cap grants for solar energy programs (56%/32%) and scrap Higher Education Capital Development Pool (51%/31%).
70% of Labor voters agreed with the levy and 26% disagreed while Coalition supporters disagreed 69% to 24% agreed. Older respondents were more likely to agree with the levy – 50% of those aged 45+ agreed and 43% disagreed. For those aged under 45, 38% agreed and 53% disagreed.
Essential Report
Two Party Preferred: 20 May 2013
In this week's report:
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