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.
@96TCBH72yrs2Y
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%
@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
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