Essential Report

Support for tax measures

Mar 27, 2018

Would you support or oppose the following tax measures?

  Total support Total oppose   Strongly support Support Oppose Strongly oppose Don’t know
Making multi-national corporations pay their fair share of tax 84% 5% 59% 25% 4% 1% 11%
Stopping people with family trusts from splitting their income to avoid tax 58% 20%   20% 38% 15% 5% 22%
Capping the maximum tax deduction for managing tax affairs, such as payments to lawyers or accountants, at no more than $4,000 for individuals 53% 17% 17% 36% 13% 4% 31%
Limiting negative gearing to investments in newly built properties and halving the capital gains tax concession 46% 24%   17% 29% 17% 7% 31%
Cutting the company tax rate to 25% 40% 30% 11% 29% 20% 10% 31%
Limiting the amount of tax-free superannuation contributions individuals can make 34% 42%   10% 24% 28% 14% 25%
Cutting the tax rate for the top income tax bracket while the budget is still in deficit 28% 50% 9% 19% 27% 23% 24%
Increasing the tax rate for workers earning under $87,000 a year 19% 65% 6% 13% 28% 37% 16%

Tax measures with majority support were –

  • Making multi-national corporations pay their fair share of tax (84% support)
  • Stopping people with family trusts from splitting their income to avoid tax (58%)
  • Capping the maximum tax deduction for managing tax affairs, such as payments to lawyers or accountants, at no more than $4,000 for individuals (53%)

Tax measures with majority opposition were –

  • Increasing the tax rate for workers earning under $87,000 a year (65% oppose)
  • Cutting the tax rate for the top income tax bracket while the budget is still in deficit (50%)

Cutting the company tax rate to 25% had 40% support and 30% opposed.

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