Tax reform

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

	Total support	Total oppose		Strongly support	Support	Oppose	Strongly oppose	Don’t know
Stop companies and wealthy people using legal loopholes in minimise tax payments by sending funds offshore	86%	8%		58%	28%	5%	3%	7%
Force multinational companies to pay a minimum tax rate on Australian earnings	82%	9%		48%	34%	6%	3%	9%
Introduce the “Buffett Rule” – which means that very high earners cannot reduce their income tax rate below 30%.	71%	12%		34%	37%	8%	4%	17%
Increase the income tax rate for high earners	61%	27%		26%	35%	21%	6%	11%
Remove superannuation tax concessions for high earners	54%	30%		22%	32%	18%	12%	15%
Cap deductions for tax accounting fees to $3000	52%	18%		21%	31%	13%	5%	30%
Stop people using Family Trusts to split income among family members	51%	25%		23%	28%	18%	7%	24%
Limit negative gearing and capital gains property investments	50%	27%		19%	31%	17%	10%	22%
Increase the GST	25%	65%		4%	21%	30%	35%	10%
Introduce an inheritance tax on deceased estates	15%	69%		4%	11%	29%	40%	16%

All tax reforms were supported by a majority of respondents, except for introducing an inheritance tax (69% oppose) and increasing the GST (65% oppose). The most supported reforms were stopping minimizing tax by sending funds offshore (86% support), forcing multinational companies to pay a minimum tax rate (82%) and introducing the “Buffet Rule” (71%).

	Total support		Vote Labor	Vote Lib/Nat	Vote Greens	Vote Other
Stop companies and wealthy people using legal loopholes in minimise tax payments by sending funds offshore	86%		87%	86%	86%	89%
Force multinational companies to pay a minimum tax rate on Australian earnings	82%		84%	85%	80%	83%
Introduce the “Buffett Rule” – which means that very high earners cannot reduce their income tax rate below 30%.	71%		71%	71%	79%	77%
Increase the income tax rate for high earners	61%		70%	53%	68%	65%
Remove superannuation tax concessions for high earners	54%		56%	57%	54%	58%
Cap deductions for tax accounting fees to $3000	52%		52%	58%	61%	50%
Stop people using Family Trusts to split income among family members	51%		55%	53%	50%	46%
Limit negative gearing and capital gains property investments	50%		54%	50%	61%	47%
Increase the GST	25%		18%	37%	13%	27%
Introduce an inheritance tax on deceased estates	15%		17%	14%	15%	11%