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Bill: Corporation Tax Review
Details
Submitted by[?]: Capitalist Party
Status[?]: passed
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: August 2088
Description[?]:
35% is way too high a tax rate and will stifle competition and discourage businesses from operating here. Businesses will be attracted to lower tax rate countries. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 35
Current: 30
Proposed: 20
Debate
These messages have been posted to debate on this bill:
Date | 02:41:17, July 30, 2005 CET | From | Liberty Party | To | Debating the Corporation Tax Review |
Message | The Liberty Party is in full agreement with this proposal. A tax rate of 35% is indeed too high and has the potential to discourage business. Moreover, it is good economic sense - lots of businesses paying a low rate of tax will raise at least much revenue for the exchequer than a few businesses paying a high rate while at the same time increasing employment. The Liberty Party strongly recommends a YES vote on this proposal. |
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Voting
Vote | Seats | |||
yes |
Total Seats: 316 | |||
no | Total Seats: 12 | |||
abstain |
Total Seats: 199 |
Random fact: Bill descriptions must be in English, or at least include a full English translation. Bill titles may appear in a language that is appropriate to the nation and are not required to be translated into English. |
Random quote: "They should rule who are able to rule best." - Aristotle |