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Tax measures

18 Oct 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.’

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