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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