Should Australia raise or lower the tax rate for corporations?
Australia’s corporate tax rate is currently 30%. Due to loopholes and offshore headquarters many companies in Australia pay significantly less with 1/3rd of major corporations paying no taxes at all. Some economists argue that the tax should be abolished in place of higher taxes on certain high earning individuals and stock market transactions.
@9HM6Y6D3mos3MO
Put more focus on taxing capital gains than corporate taxes, but in general keep corporate taxes the same rate but eliminate loop holes.
Not lower across the board, but proportional on a case-by-case (or industry) basis judging the pre-tax benefit to the economy this business has
@97TH62W1yr1Y
Higher on "big business", lower on small business and crackdown on loopholes, deductions and evasions.
@96TCBH71yr1Y
Raise for certain corporations over a certain threshold
@96J6PQY1yr1Y
Keep current rates but eliminate loopholes and progressively lower deductions on non-renewables.
@96FVK5J1yr1Y
Lower, and set a flat tax at 20%
@93YB4MP2yrs2Y
Depends how much money said corporation has
@93WXL5W2yrs2Y
There are too many different circumstances to generalise and give an accurate answer so in the middle
@93T2S8W2yrs2Y
Keep things they are, raising tax might make things more expensive
@93FNCN5Independent2yrs2Y
Stamp out Corporate Tax evasion
@934L7Q32yrs2Y
Abolish and introduce a transaction tax which applies to any business trading in Australia regardless of their headquarter location
Tax companies that run their businesses overseas
@933Q8KL2yrs2Y
Increase for large multinational corporations but lower for small businesses and remove loopholes.
@932MZ4Z2yrs2Y
Increase for large multinational corporations but lower for small businesses but eliminate deductions and loop holes
@932DRBT2yrs2Y
Should remove all taxes and implement a consumption tax. Everyone who spends pays
@92ZDPT62yrs2Y
keep current rate but remove all loopholes etc
Lower but eliminate loopholes. They still have to have deductions for genuine expenses.
@98YDX2R1yr1Y
Lower the tax rate for not-for-profit-corporations, however, slightly raise the tax rate for-profit corporations.
Increase taxes on corporations and lower or eliminate taxes for individuals
Raise, and eliminate deductions and loopholes for large multinational corporations and companies that create harm to the environment
@92SZ42J2yrs2Y
Increase for large multinational corporations but lower for small businesses AND introduce a much lower rate eg 10% for microbusinesses with a turnover of less than $500,000
@92SYBWX2yrs2Y
Reinvent taxation and wealth redistribution for the digital economy
Keep a flat rate percentage for all businesses
@92SRJCK2yrs2Y
Increase for large multinational corporations systematically but lower for small businesses
@92SGBP92yrs2Y
Maintain flat rate for all corporations no loopholes,
@92DKHTJLiberal Democrat2yrs2Y
Decrease to size and scope of the Government so in the future they don't grant special government privileges to corporations especially big businesses and tycoons like Donald Trump & Vladimir Putin.
@8ZS7N4Z2yrs2Y
Raise cost of loop holes
The corporate tax rate should be lowered to a more competitive rate compared to international tax rates of other countries, whilst some loop holes and exploitable deductions should be closed off where sensible.
@8ZJJN3HIndependent2yrs2Y
Lower, but eliminate deductions and loop holes and enable employees to opt for shares/part ownership of the company
Give tax incentives to corporations that produce goods in Australia and/or can demonstrate a benefit to the Australian economy.
Raise on large corporations and close loopholes and eliminate deductions.
@8Y5MZQQ2yrs2Y
Change it from taxing profits, to taxing cashflow
@8WGL7H3Independent2yrs2Y
Remove all business taxes. Include any monetary value gains from shares ECT as personal income and tax the richer higher, also tax any money leaving Australia by 50%, keeping money domestic also remove the repatriation tax.
@8TSMMHPLiberal Democrat3yrs3Y
Abolish "corporations" that get their riches unfairly (NIKE sweatshops, Medical Business with IP, etc) and reform them as worker co-ops if possible, or abolish them completely. Taxation is always extortion.
@92DPRNZ2yrs2Y
Keep it the same, find a solution for the major corporations that pay no taxes at all. They should contribute
@929XYHK2yrs2Y
Increase for large multinational corporations and keep it the same for small businesses
Raise, and focus on closing loopholes, tax evasion and taxing shareholders and stock holders.
@8ZWXJKG2yrs2Y
Introduce a special economic zone north of the Tropic of Capricorn that lowers corporation tax to 19%.
@8THSFT73yrs3Y
Same Flat tax rate for individuals and companies of any size. Fair for all.
@8T9CP9P3yrs3Y
Increase as well as remove loopholes.
@8RNB2VV3yrs3Y
Raise the Corporate tax rate, and reduce, if not eliminate tax loopholes and deductions.
@8HNWSXB3yrs3Y
many business owned and operated in Australia should receive a lower tax rate then any international company
@8F953DT3yrs3Y
Reform - simplify, remove tax avoidance loopholes and introduce a fixed percentage on earnings. (Dividends should be taxed in the same manner.)
@8W2J3QVOne Nation2yrs2Y
Taxes should be abolished
@8G3ZL2Y3yrs3Y
Keep the current rates and start taxing churches that function as religious corporations.
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