A poll has found voters think it’s unlikely corporate tax cuts will be passed on as higher wages.More than two-thirds of voters think it’s unlikely that corporate tax cuts will be passed on in higher wages for workers, a new poll shows.
The ReachTel poll for Sky News showed 68 per cent of voters thought big businesses were not likely to pass on a potential tax cut.
But a quarter of respondents thought a tax cut would lead to wage growth.
It also shows Labor ahead of the coalition 54 per cent to 46 per cent on a two-party preferred basis.
Forced to choose who would make the better prime minister, 51 per cent of respondents said Malcolm Turnbull, while 48 per cent said Bill Shorten.
The Sky News poll also asked voters if Tony Abbott should return as Liberal leader after the next election, and 64 per cent said ‘no’.
That included 58 per cent of Liberal voters, while just 29 per cent of Liberals wanted Mr Abbott back.
Meanwhile, former Business Council of boss Tony Shepherd said the government should undertake wider tax reform than simply a corporate tax cut.
His comments mirrored those of independent senator Tim Storer, who is holding off on supporting the tax cut legislation until the government agrees to broad reform.
Mr Shepherd, who also led the former Abbott government’s commission of audit, said a bolder reform plan is needed.
“But unlike the Henry review, it should include the GST and it should include reform of state taxes,” he told Sky News on Thursday.
“Ninety per cent of the revenue in is collected from 10 per cent of the taxes … any fool can see that that is very inefficient and in some cases, it is quite inequitable.”
However, he said the business tax cut to 25 per cent should go ahead to ensure n firms can compete in the global market.
He hoped Labor, which has vowed to scrap the tax cut, would renege on its promise after the election.