Less than third support business tax cuts

Disclosure Statement: Durand Financial Services Pty Ltd and its advisers are authorised representatives of Fortnum Private Wealth Ltd ABN 54 139 889 535 AFSL 357306. General Advice Warning: The information contained within this website does not consider your personal circumstances and is of a general nature only. You should not act on it without first obtaining professional financial advice specific to your circumstances.

(Australian Associated Press)

Half of Australians are against the Turnbull government’s planned business tax cut, with many believing money could be better invested in schools and hospitals.

Less than a third (30 per cent) of respondents in an Essential Research poll support the tax cuts which would take the corporate tax from 30 per cent to 25 per cent over the next decade.

A similar amount agree with the government the cut would bring the tax rate into line with other nations and attract investment needed to create more jobs, but 46 per cent believe it would simply deliver business $50 billion more in profits when the money could be better spent on vital services.


Like This

Categories: Tax