Essential Report
Tax reforms to reduce debt from Covid-19
Q. To what extent do you support or oppose the following suggested tax reforms to help reduce any debt Australia may have, as a result of the Covid-19 stimulus packages?
NET: Support | NET: Oppose | Strongly support | Somewhat support | Neither support nor oppose | Somewhat oppose | Strongly oppose | |
Prevent companies who are registered in offshore tax havens (such as Switzerland) from accessing Covid-19 government support | 64% | 9% | 43% | 20% | 20% | 5% | 4% |
Simplify the taxation system to a flat tax rate | 43% | 18% | 16% | 27% | 27% | 10% | 8% |
Removal of franking credits | 32% | 16% | 15% | 17% | 27% | 10% | 16% |
Removal of negative gearing | 32% | 25% | 14% | 19% | 30% | 12% | 13% |
Implement a tax on the value of property or money passed on when someone dies | 18% | 49% | 5% | 12% | 22% | 16% | 33% |
NET: Support | Gender | Age Group | |||||
Total | Male | Female | 18-34 | 35-54 | 55+ | ||
Prevent companies who are registered in offshore tax havens (such as Switzerland) from accessing Covid-19 government support | 64% | 66% | 61% | 48% | 61% | 80% | |
Simplify the taxation system to a flat tax rate | 43% | 48% | 38% | 40% | 39% | 48% | |
Removal of franking credits | 32% | 36% | 28% | 36% | 32% | 28% | |
Removal of negative gearing | 32% | 36% | 22% | 34% | 32% | 32% | |
Implement a tax on the value of property or money passed on when someone dies | 18% | 23% | 13% | 27% | 17% | 10% | |
Base (n) | 1,054 | 526 | 528 | 343 | 332 | 379 | |
- Participants most support preventing companies who are registered in offshore tax havens from accessing Covid-19 government support (64%) and are least supportive of implementing an inheritance tax (18%) to reduce any debt as a result of the Covid-19 stimulus.
- Those aged over 55 are most likely to oppose removal of franking credits (39%), negative gearing (33%) and inheritance tax (63%), however they are most likely to support preventing companies registered in offshore tax havens from accessing Covid-19 government support, (80%).

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