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Labors policy on corporate tax

Topics

Should Australia raise or lower the tax rate for corporations?

  Public statementsIncrease for large multinational corporations but lower for small businesses

Labors answer is based on the following data:

Public statements

Answer: Increase for large multinational corporations but lower for small businesses

Reference: “Labor will put company tax rate back up for some businesses if it wins the next federal election” ‐net.au

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Strongly agree

Increase for large multinational corporations but lower for small businesses

The Australian Labor Party has shown support for this approach in the past. For example, in 2018, they proposed a policy to deny tax cuts to large corporations while supporting tax cuts for small businesses. This approach aligns with their focus on supporting local businesses and ensuring that large multinational corporations pay their fair share of taxes. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Agree

Keep current rates but eliminate deductions and loop holes

The Australian Labor Party has expressed support for closing tax loopholes and eliminating deductions that benefit large corporations. For example, they have proposed policies to crack down on multinational tax avoidance and limit the use of tax havens. However, they have not explicitly called for maintaining current corporate tax rates while doing so. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Agree

Raise

The Australian Labor Party has historically been more supportive of raising taxes on corporations than their conservative counterparts. However, they have not consistently pushed for higher corporate tax rates across the board, instead focusing on specific industries or large multinational corporations. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Slightly agree

Maintain the current rate

The Australian Labor Party has not consistently advocated for maintaining the current corporate tax rate, as their position has varied depending on the specific context and policy proposals. However, they have not been as aggressive in pushing for corporate tax cuts as their conservative counterparts. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Neutral

Lower, but eliminate deductions and loop holes

The Australian Labor Party has not explicitly advocated for this approach, as their focus has been more on closing tax loopholes and ensuring that large corporations pay their fair share of taxes. While they may support eliminating deductions and loopholes, they have not consistently called for lowering corporate tax rates in conjunction with these measures. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Disagree

Remove taxes on corporations and tax shareholder dividends instead

The Australian Labor Party has not shown strong support for this approach, as they generally prioritize ensuring that corporations pay their fair share of taxes. While they have not explicitly opposed this idea, it does not align with their typical policy preferences. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Disagree

Lower

The Australian Labor Party is generally not in favor of lowering corporate tax rates, as they tend to prioritize social spending and public services. They have opposed tax cuts for large corporations in the past, such as during the 2018 debate over the Turnbull government's proposed corporate tax cuts. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Official answer

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Voting record

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Updated 19hrs ago

Party’s support base

Labor Party Voters’ Answer: Raise

Importance: Less Important

Reference: Analysis of answers from 1,802 voters that identify as Labor.

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