We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: LP - Corporate Tax Reform
Details
Submitted by[?]: Liberal Party of Malivia
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: June 2430
Description[?]:
| «It is absolutely instrumental for the purpose of balancing the economic vitality and social justice in Malivia, that corporations contribute their fair share in taxes» - Paul Krugman, Minister of Finance. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 5
Proposed: 10
Debate
These messages have been posted to debate on this bill:
| Date | 04:46:59, July 17, 2007 CET | From |  Protectorate Party | To | Debating the LP - Corporate Tax Reform |
| Message | Why does income need to be taxed twice? First as it enters the corporation, second when it is paid to the owners. Corporation can do two things with their money, invest it or pay it out to the shareholders. If it is paid out it is taxed as income, if it is invested it leads to more earning potential, more jobs, more economic progress. |
| Date | 05:27:00, July 17, 2007 CET | From | Liberal Party of Malivia | To | Debating the LP - Corporate Tax Reform |
| Message | If the PP understood the first thing about taxation policy, it would surely understand that corporate tax is not only an incentive for reinvesting corporate wealth, but it is also not a double tax, since it levies revenue that is collected by an impersonal organisation that has neither been invested nor covered by income tax. |
| Date | 05:36:06, July 17, 2007 CET | From | Protectorate Party | To | Debating the LP - Corporate Tax Reform |
| Message | It would really depend on what was exempted from the taxes now wouldn't it. This revenue has two streams as stated earlier, reinvestment or dividends to the shareholders. Reinvestment is clearly desired by both parties and not taxed according to your policy, and dividends are taxed as income of the shareholder. |
| Date | 18:11:02, July 17, 2007 CET | From | Radical Labor Confederation | To | Debating the LP - Corporate Tax Reform |
| Message | The RSM would like for the percentage to be higher, but this can be considered progress. |
subscribe to this discussion - unsubscribe
Voting
| Vote | Seats | |||||
| yes |
Total Seats: 146 | |||||
| no | Total Seats: 54 | |||||
| abstain | Total Seats: 0 |
| Random fact: "Game mechanics comes first." For example, if a currently-enforced bill sets out one law, then a player cannot claim the government has set out a contradictory law. |
| Random quote: "I refuse to accept the view that mankind is so tragically bound to the starless midnight of racism and war that the bright daybreak of peace and brotherhood can never become a reality.... I believe that unarmed truth and unconditional love will have the final word." - Martin Luther King, Jr. |