Support for Levy on Financial Transactions

May 7, 2012

Q. A number of governments around the world and international organisations have argued for a financial transactions tax  – which is a small levy on large transactions of currencies, bonds and shares which could raise 480 billion euros (about $600 billion) globally. The idea behind this levy is that this would be a good way for the banking sector to contribute back to society for their part in the financial crisis.

Would you support or oppose such a levy?

 

Total

Vote Labor

Vote Lib/Nat

Vote Greens

Total support

59%

66%

57%

63%

Total oppose

16%

12%

22%

10%

Strongly support

20%

26%

15%

21%

Support

39%

40%

42%

42%

Oppose

10%

7%

13%

7%

Strongly oppose

6%

5%

9%

3%

Don’t know

25%

22%

21%

27%

 

59% supported the idea of a levy on large financial transactions and 16% opposed.

A majority of all demographic and voter groups supported the concept. Highest support came from Labor voters (66%) and men (65%).

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Flood Response

Feb 7, 2011

Q. The Federal Government has announced a one-off levy on tax-payers and cuts in spending to fund the damage from the recent floods across Australia. Do you agree or disagree with each of the following actions they have taken?

Total agree Total disagree Strongly agree Agree Disagree Strongly disagree Don’t know
A levy on taxpayers earning over $50,000 44% 50% 14% 30% 23% 27% 7%
Scrapped cash for clunkers (Grants for owners of old cars to buy new cars) 59% 29% 24% 35% 18% 11% 11%
Scrapped the Green Car innovation fund 43% 39% 16% 27% 25% 14% 17%
Deferred grants for development of carbon capture and storage technology 45% 40% 17% 28% 26% 14% 16%
Deferred or capped grants for solar energy programs 32% 56% 10% 22% 33% 23% 12%
Scrapped Higher Education Capital Development Pool (for building new tertiary education centres) 31% 51% 9% 22% 33% 18% 17%

Respondents were more likely to agree with the Government decisions to scrap cash for clunkers (59% agree/29% disagree), scrap the Green Car innovation fund (43%/39%) and defer grants for development of carbon capture and storage technology (45%/40%).

However, they tended to disagree with the levy on taxpayers earning over $50,000 (50% disagree/44% agree), defer or cap grants for solar energy programs (56%/32%) and scrap Higher Education Capital Development Pool (51%/31%).

70% of Labor voters agreed with the levy and 26% disagreed while Coalition supporters disagreed 69% to 24% agreed. Older respondents were more likely to agree with the levy – 50% of those aged 45+ agreed and 43% disagreed. For those aged under 45, 38% agreed and 53% disagreed.

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