Liberals heartland rejects PM’s company tax and renewables agenda

New polling conducted by ReachTEL for The Australia Institute of the electorates represented by Malcolm Turnbull and Tony Abbott reveals strong opposition for cutting the tax rate, particularly for larger companies.

Both electorates registered more support for increasing the company tax rate than cutting it.

In the Prime Minister’s electorate of Wentworth 43% supported an increase of company taxes, 33% supported a cut and 14% said keep rates the same.

There was high support for cutting the tax rate for small companies (46%), but only 17% support for a cut for all businesses in Wentworth and 20% in Warringah. 

“The economic as case for company tax cuts is not convincing. Estimates of a growth dividend have not been made and even the Prime Minister’s own electorate is not convinced,” Executive Director of The Australia Institute, Ben Oquist said.

“The plan to give $50 billion dollars in cuts is electoral poison. This research shows that even in blue ribbon Liberal seats, voters think that companies don’t pay enough tax.

“Significantly, there is support for cuts to small business rates. When that option was put to those surveyed as an option, support for cuts to all business, including larger companies, collapses to just 17% in the Prime Ministers electorate,” Oquist said.

“The reality is there are far better ways of allocating $50 billion that would benefit the economy, jobs and future prosperity. The public knows this too,” Oquist said.

Polling Results (723 in Warringah, 750 residents of Wentworth conducted 1 February 2017):

Warringah

Question: Do you think companies and corporations should be paying more or less company tax in Australia?

 

Total

Female

Male

18 – 34

35 – 50

51 – 65

65+

More

39.4%

45.7%

32.5%

65.0%

30.4%

41.9%

36.7%

Less

34.4%

26.0%

43.9%

23.3%

33.9%

33.5%

38.3%

About the same

18.5%

18.6%

18.4%

8.3%

26.2%

16.5%

17.7%

Don’t know or not sure

7.6%

9.7%

5.3%

3.3%

9.5%

8.1%

7.3%


Question:
Thinking about the overall company tax rate in Australia which is currently 30% for larger businesses and 28.5% for small business. Do you think the company tax rate should?

 

Total

Female

Male

18 – 34

35 – 50

51 – 65

65+

Increase

10.8%

11.6%

9.9%

18.3%

8.3%

11.3%

10.1%

Stay the same

22.6%

21.1%

24.3%

20.0%

21.4%

23.4%

23.4%

Be cut for all businesses

20.9%

14.2%

28.4%

13.3%

15.5%

24.6%

23.0%

Be cut only for small businesses

45.7%

53.2%

37.4%

48.3%

54.8%

40.7%

43.5% 


Wentworth

Question: Do you think companies and corporations should be paying more or less company tax in Australia?

 

Total

Female

Male

18 – 34

35 – 50

51 – 65

65+

More

43.0%

48.0%

37.8%

46.5%

48.1%

38.2%

35.7%

Less

33.2%

23.1%

43.5%

25.2%

33.3%

36.3%

40.3%

About the same

13.7%

12.6%

14.9%

10.9%

11.4%

19.1%

15.6%

Don’t know or not sure

10.1%

16.3%

3.8%

17.3%

7.2%

6.4%

8.4%


Question:
Thinking about the overall company tax rate in Australia which is currently 30% for larger businesses and 28.5% for small business. Do you think the company tax rate should?

 

Total

Female

Male

18 – 34

35 – 50

51 – 65

65+

Increase

16.6%

17.1%

16.0%

25.7%

13.5%

14.6%

11.8%

Stay the same

19.9%

15.8%

24.1%

12.4%

20.7%

22.2%

26.1%

Be cut for all businesses

17.2%

11.3%

23.3%

13.9%

15.6%

18.4%

22.9%

Be cut only for small businesses

46.3%

55.8%

36.6%

48.0%

50.2%

44.9%

39.2%


Wentworth polling in attachment. For Warringah polling contact mail@tai.org.au

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