Search results for "corporate tax"
Feb 26, 2019
Essential Research

Tax Policy

Q. From what you know, which of the following tax policies would you be more likely to support?

  Total Male Female 18-34 35-54 55+
Cut corporate tax and maintain tax concessions for investors and retirees 27% 32% 22% 20% 25% 35%
Close tax concession and loopholes and insert the money into schools, hospitals and other social programs 53% 51% 54% 57% 54% 48%
Unsure 20% 17% 24% 23% 21% 17%

Over half of respondents said they would be more likely to support the closing of tax concessions and loopholes, including a majority of males, females, and all age groups except for overs 55’s (though 48% of this age group supported still supported the measure, as opposed to the 35% who supported maintain tax concession for investors and retirees.

  Total Labor Liberal + National Greens NET: Other
Cut corporate tax and maintain tax concessions for investors and retirees 27% 15% 46% 17% 26%
Close tax concession and loopholes and insert the money into schools, hospitals and other social programs 53% 69% 35% 63% 54%
Unsure 20% 16% 19% 20% 20%

 The closing of tax concessions and loopholes was very strongly preferred by Labor voters (69% prefer) and Greens voters (63% prefer), though more Coalition voters supported the alternative measures of cutting corporate tax and maintaining tax concessions, with only 35% supporting closing concession and loopholes.

Oct 18, 2016
Essential Research

Tax measures

Q. Would you support or oppose the following measures?

  Total  support Total oppose   Strongly support Support Oppose Strongly oppose Don’t know
Cut corporate tax for small businesses with annual revenue/turnover of less than $2million (90% of trading companies). 60% 17%   18% 42% 12% 5% 23%
Cut corporate tax for larger companies, those with annual revenue/turnover of $2million or more (top 10% of trading companies). 20% 61%   5% 15% 32% 29% 20%
Change the definition of small business to give a tax cut to some companies with revenue of more than $2 million per year, putting them in the top 10% biggest (trading) companies in Australia. 26% 41%   5% 21% 25% 16% 33%

Amongst the measures listed, ‘Cut corporate tax for small businesses with annual revenue/turnover of less than $2million (90% of trading companies)’ was the only one with majority (60%) support.

A large number of Australians (61%) were opposed to ‘cutting the corporate tax for larger companies, those with annual revenue/turnover of $2million or more (top 10% of trading companies)’.

More Australians were opposed (41%) than supported (26%) changing  ‘the definition of small business to give a tax cut to some companies with revenue of more than $2 million per year, putting them in the top 10% biggest (trading) companies in Australia.’

Oct 18, 2016
Essential Research

Tax measures: by vote

Q. Would you support or oppose the following measures?

  Total  support Labor support Lib/Nat support Greens support other support
Cut corporate tax for small businesses with annual revenue/turnover of less than $2million (90% of trading companies). 60% 52% 72% 56% 61%
Cut corporate tax for larger companies, those with annual revenue/turnover of $2million or more (top 10% of trading companies). 20% 15% 31% 9% 20%
Change the definition of small business to give a tax cut to some companies with revenue of more than $2 million per year, putting them in the top 10% biggest (trading) companies in Australia. 26% 23% 37% 17% 24%

Cutting the corporate tax for small businesses with annual revenue/turnover of less than $2million (90% of trading companies) was popular amongst all four voting groups, with 72% of Lib/Nat voters, 56% of Greens, 52% of Labor voters and 61% of other voters supporting this measure.

The other two measures were less popular, even amongst Lib/Nat voters; just 31% support cut corporate tax for larger companies, those with annual revenue/turnover of $2million or more, and just 37% support changing the definition of small business to give a tax cut to some companies with revenue of more than $2 million per year.

Mar 13, 2018
Essential Research

Economic measures

Q. Would you support or oppose each of the following?

  Total support Total  oppose   Strongly support Support Oppose Strongly oppose Don’t know
Reduce corporate tax to stimulate investment 42% 39% 11% 31% 24% 15% 19%
Increase the Newstart allowance to increase consumer spending 52% 32% 18% 34% 21% 11% 16%
Regulate energy prices to reduce cost of living pressures 83% 7% 49% 34% 5% 2% 10%
Create a partnership between business, unions and government to better share the benefits of economic growth 66% 11% 18% 48% 7% 4% 23%

There was majority support for regulating energy prices (83%), creating a partnership between business, unions and Government (66%) and increasing the Newstart allowance (52%). Respondents were divided on reducing corporate tax (42% support/39% oppose).

61% of Liberal National voters support reducing corporate tax while 52% of Labor voters and 60% of Greens voters oppose.

Mar 13, 2018
Essential Research

Benefits of economic measures

Q. Who do you think would benefit from each of these measures?

  Big business Small business Workers People on low incomes The economy overall None of them Don’t know
Reduce corporate tax to stimulate investment 52% 29% 21% 14% 27% 2% 14%
Increase the Newstart allowance to increase consumer spending 10% 19% 18% 53% 24% 11% 14%
Regulate energy prices to reduce cost of living pressures 20% 35% 47% 59% 43% 3% 9%
Create a partnership between business, unions and government to better share the benefits of economic growth 28% 29% 30% 19% 37% 9% 23%

A majority think that big business will benefit from corporate tax cuts but only 21% think workers will benefit.

53% think people on low incomes will benefit from increasing the Newstart allowance.

Those most likely to benefit from regulating energy prices were thought to be people on low incomes (59%), workers (47%) and small business (35%).

The benefits of a partnership between business, unions and government were spread between big business (28%), small business (29%) and workers (30%).

Actions of most benefit to the economy overall were reducing energy prices (43%) and creating a partnership between business, unions and government (37%). Only 27% think reducing corporate tax will benefit the economy overall.

Feb 13, 2018
Essential Research

Economic statements

Do you agree or disagree with the following statements?

  Total agree Total dis-agree   Strongly agree Agree Dis-agree Strongly dis-agree Don’t know
A corporate tax cut will lead to higher wages 30% 42% 8% 22% 28% 14% 29%
Cutting penalty rates will encourage employers to hire more workers 38% 46% 10% 28% 28% 18% 16%
Increasing migration creates economic growth by building demand 33% 50% 8% 25% 28% 22% 17%
Free trade agreements benefit Australian workers 45% 28% 10% 35% 19% 9% 28%
Personal income tax cuts will generate economic growth 65% 16% 16% 49% 12% 4% 19%
Increasing workers’ wages will mean fewer jobs 29% 55% 6% 23% 41% 14% 16%

 
There was majority agreement (65%) that “Personal income tax cuts will generate economic growth” and majority disagreement that “Increasing workers’ wages will mean fewer jobs” (55% disagree) and “Increasing migration creates economic growth by building demand” (50%).

Respondents were more likely to disagree that “A corporate tax cut will lead to higher wages” (42% disagree) and “Cutting penalty rates will encourage employers to hire more workers” (46%).

Full-time workers were more likely to agree that “Personal income tax cuts will generate economic growth “ (71%) and part-time workers were more likely to disagree that “Cutting penalty rates will encourage employers to hire more workers” (52%).

 

  Total agree Total dis-agree   Full-time worker agree Full-time worker dis-agree Part-time worker agree Part-time worker dis-agree
A corporate tax cut will lead to higher wages 30% 42% 35% 43% 26% 44%
Cutting penalty rates will encourage employers to hire more workers 38% 46% 37% 48% 35% 52%
Increasing migration creates economic growth by building demand 33% 50% 35% 49% 36% 46%
Free trade agreements benefit Australian workers 45% 28% 45% 32% 41% 27%
Personal income tax cuts will generate economic growth 65% 16% 71% 15% 60% 18%
Increasing workers’ wages will mean fewer jobs 29% 55% 29% 58% 29% 58%

 

 

 

Apr 27, 2016
Essential Research

Budget measures

Q: Would you support or oppose the following measures being included in the Federal Budget?

  Total support Total oppose   Strongly support Support Oppose Strongly oppose Don’t know
Tighten tax exemptions for capital gains tax 52% 19%   19% 33% 14% 5% 29%
Limit negative gearing 48% 24%   17% 31% 17% 7% 27%
Reduce superannuation tax concessions for high earners 60% 22%   27% 33% 14% 8% 18%
Increase tax on cigarettes 67% 21%   36% 31% 11% 10% 13%
Cut corporate tax 22% 57%   6% 16% 28% 29% 21%
Cut personal income tax 63% 19%   23% 40% 15% 4% 17%
Increase funding to health 83% 7%   47% 36% 5% 2% 10%
Increase funding to education 80% 10%   42% 38% 7% 3% 11%

 

The most supported budget measures were increasing funding to health (83%), increasing funding to education (80%) and increasing tax on cigarettes (67%). A majority (57%) opposed cutting corporate tax.

Labor voters were more likely to support tightening tax exemptions for capital gains (58%) and limiting negative gearing (55%).

Liberal/National voters were more likely to support increasing tax on cigarettes (75%), cutting corporate taxes (31%) and cutting personal income tax (76%).

Oct 14, 2014
Essential Research

Government financial actions

Q. The government is considering savings and taxing options to pay for the war in Iraq, lower commodity prices and its inability to pass savings from its May budget this year. Would you approve or disapprove of the following actions it might take?

 

Total approve

Total dis-approve

 

Strongly approve

Approve

Dis-approve

Strongly dis-approve

Don’t know

Higher corporate tax

68%

22%

26%

42%

15%

7%

10%

Abandon its paid parental leave scheme

56%

31%

31%

25%

17%

14%

12%

Cuts to tax concessions in areas like superannuation

21%

67%

4%

17%

33%

34%

13%

Higher income taxes

21%

69%

5%

16%

31%

38%

10%

Cuts to social services, health or education

12%

81%

2%

10%

26%

55%

7%

A majority approve of higher corporate tax (68%) and abandoning the paid parental leave scheme (56%) to pay for the war in Iraq, lower commodity prices and the Government’s inability to pass savings from its May budget this year.

A majority would disapprove of cuts to social services, health or education (81%), higher income taxes (69%) and cuts to tax concessions in areas like superannuation (67%).

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