Essential Report

Tax measures

Oct 18, 2016

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.’

COVID-19 RESEARCH

Read Essential's ongoing research on the public response to Covid-19.

Sign up for updates

Receive the Essential Report in your inbox.
  • This field is for validation purposes and should be left unchanged.