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@ISIDEWITHQuestionsEconomyStarted 12yrs agoActive 8mos ago

Should the government raise or lower the tax rate for corporations?

Should New Zealand raise or lower the tax rate for corporations?

The U.S. currently levies a 21% tax rate at the federal level and an average tax of 4% at the state and local level. The average corporate tax rate worldwide is 22.6%. Opponents of argue that raising the rate will discourage foreign investment and hurt the economy. Proponents argue that the profits corporations generate should be taxed just like citizen’s taxes.

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Answer Overview

Response rates from 8k Christchurch voters.

64%
Raise
15%
Lower
53%
Raise
12%
Lower
11%
Keep current rates but eliminate deductions and loop holes
2%
Lower, but eliminate deductions and loop holes
0%
Remove taxes on corporations and tax shareholder dividends instead

Historical Support

Trend of support over time for each answer from 8k Christchurch voters.

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Historical Importance

Trend of how important this issue is for 8k Christchurch voters.

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Other Popular Answers

Unique answers from Christchurch voters whose views went beyond the provided options.

 @B77ZPKFanswered…8mos8MO

It's not as simple as should it be raised or lowered, it should be done pragmatically by lowering or raising rates based on what would be most meaningful given the current situation rather than ideological raises or lowerings

 @B764696answered…8mos8MO

Increase only for multinational cooperations and decrease for small local businesses. Also, elementary deductions and loopholes

 @9HK9YD6 answered…2yrs2Y

Multiple increase and small bussiness tradestaff legs seats legend former US president Donald Trump and former UK Prime Minister Boris Johnson left students dramatic

 @9G5S5WGanswered…3yrs3Y

Lower if there is proof that staff are paid fairly and that a certain percentage of profits are being invested back into the business to provide more jobs and perhaps a certain percentage could be required to be donated to the community in which they operate to help fund the building of more housing and infrastructure for the workers they need

 @9FFPXK8answered…3yrs3Y

Increase for large corps but no increase for small business AND reduce deductions AND eliminate loopholes

 @9F6DPQ6answered…3yrs3Y

Raise. There is no reason an individual should be taxed more than company profits

 @9F4VFF7answered…3yrs3Y

Raise but increase rightoffs for things that improve society

 @9DY7BMSanswered…3yrs3Y

Start taxing profit making charities

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