Support for tax reforms

Apr 12, 2016

Q: Would you support or oppose the following tax reforms to raise more funds for Government services and infrastructure?

 
Total support
Total oppose
 
Strongly support
Support
Oppose
Strongly oppose
Don’t know
 
Support Jul 2015
Support Feb 2016
Stop companies and wealthy people using legal loopholes in minimise tax payments by sending funds offshore 86% 5% 65% 21% 3% 2% 8% na na
Force multinational companies to pay a minimum tax rate on Australian earnings 80% 9% 55% 25% 6% 3% 11% 79% 78%
Increase income tax rate for high earners 65% 23% 32% 33% 16% 7% 11% 63% 64%
Remove superannuation tax concessions for high earners 62% 25% 29% 33% 14% 11% 13% 59% 58%
Remove negative gearing 39% 35% 17% 22% 20% 15% 27% 37% 37%
Remove GST exemptions (e.g. on food, education) 37% 54% 13% 24% 22% 32% 9% 33% 32%
Replace stamp duty with land tax 33% 33% 10% 23% 19% 14% 35% 26% 26%
Increase the GST 27% 66% 6% 21% 29% 37% 7% 24% 23%

There was strong majority support for stopping companies and wealthy people using legal loopholes in minimise tax payments by sending funds offshore (86%), forcing multinational companies to pay a minimum tax rate on Australian earnings (80%), increasing income tax rate for high earners (65%) and removing superannuation tax concessions for high earners (62%).

There was strong majority opposition to increasing the GST (66%).

Tax reforms

Mar 31, 2015

Q. Would you support or oppose the following tax reforms to raise more funds for Government services and infrastructure?

  Total support Total oppose   Strongly support Support Oppose Strongly oppose Don’t know
Force multinational companies to pay a minimum tax rate on Australian earnings 76% 8% 43% 33% 5% 3% 15%
Increase income tax rate for high earners 65% 23% 27% 38% 17% 6% 12%
Remove superannuation tax concessions for high earners 55% 25% 26% 29% 17% 8% 20%
Remove negative gearing 33% 30% 12% 21% 18% 12% 37%
Replace stamp duty with land tax 24% 34% 4% 20% 19% 15% 43%
Remove GST exemptions (e.g. food) 36% 51% 15% 21% 25% 26% 13%
Increase the GST 19% 70% 4% 15% 33% 37% 11%
Tax on inheritances from wills 13% 74% 3% 10% 31% 43% 13%

There was strong majority support for forcing multinational companies to pay a minimum tax rate on Australian earnings (76%), increasing income tax rate for high earners (65%) and removing superannuation tax concessions for high earners (55%).

There was strong majority opposition to a tax on inheritances from wills (74%) and increasing the GST (70%).

Tax reform

Oct 3, 2011

Q.  For each of the following proposals around tax reform, please indicate whether you strongly support, support, oppose or strongly oppose the suggestion.

Total Support Total Oppose Strongly support Support Oppose Strongly Oppose Don’t know
Decreasing income tax for low income earners 81% 11% 34% 47% 8% 3% 7%
Improving tax breaks for small-medium business 76% 10% 20% 56% 7% 3% 13%
Increasing the mining tax 47% 37% 16% 31% 22% 15% 16%
Abolishing negative gearing on new property purchases 33% 37% 8% 25% 20% 17% 29%
Cutting the company tax rate 32% 41% 6% 26% 29% 12% 28%
Repealing the fringe benefits tax 30% 28% 7% 23% 19% 9% 42%
Increasing the carbon tax 19% 68% 5% 14% 21% 47% 13%
Introducing an inheritance tax 10% 75% 3% 7% 24% 51% 15%
Increasing the goods and services tax (GST) 9% 84% 1% 8% 31% 53% 7%

Decreasing income tax for low income earners has the strongest support from respondents, with 81% either strongly supporting or supporting the suggestion.   Improving tax breaks for small-medium business also attracted a similar amount of endorsement (76% total support).

Increasing the mining tax has a significant amount of support (47% total support).

Whilst the proposed reforms of abolishing negative gearing on new property purchases and cutting the company tax rate attracted a significant amount of support, more respondents are opposed to these measures than in favour of them: with 37% opposed to abolishing negative gearing and 41% opposed to cutting the company tax rate.

Strongest opposition is registered against the proposal to increase the GST, with 84% opposed to the idea and only 9% in favour of it.  Introducing an inheritance tax is similarly unpopular (75% total opposed).

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