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.
64% Raise |
18% Lower |
54% Raise |
14% Lower |
10% Keep current rates but eliminate deductions and loop holes |
3% Lower, but eliminate deductions and loop holes |
0% Remove taxes on corporations and tax shareholder dividends instead |
See how support for each position on “Corporate Tax” has changed over time for 62k Australia voters.
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See how importance of “Corporate Tax” has changed over time for 62k Australia voters.
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Unique answers from Australia users whose views extended beyond the provided choices.
@9HM6Y6D4mos4MO
Put more focus on taxing capital gains than corporate taxes, but in general keep corporate taxes the same rate but eliminate loop holes.
@9HKY3774mos4MO
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
@96J6PQY2yrs2Y
Keep current rates but eliminate loopholes and progressively lower deductions on non-renewables.
@96FVK5J2yrs2Y
Lower, and set a flat tax at 20%
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