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Bill: Small Businesses Scheme
Details
Submitted by[?]: United Labour Party
Status[?]: defeated
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: October 2100
Description[?]:
| To create a progressive corporation tax for businesses, the following tax rate brackets will be used: Income under £250,000 or its equivalent: 15% Income over £250,000 or its equivalent: 30% Co-operatives: as agreed in the "Support Co-operatives" bill |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 10
Current: 5
Proposed: 22.5
Debate
These messages have been posted to debate on this bill:
| Date | 01:33:38, August 10, 2005 CET | From | Leviathan Party | To | Debating the Small Businesses Scheme |
| Message | The ULP should note that, after this recent law: http://82.238.75.178:8085/particracy/main/viewbill.php?billid=11327 all major industry is socially owned, which makes taxing these businesses fruitless. The only privately owned businesses that still exist are the afforementioned small businesses, which makes raising taxes on them also fruitless. We would also prefer the Ministry of Economic Affairs be empowered to make the decision as to whether an industry is major or 'small,' simply because these decisions need to be made on a case to case basis, something a national rule cannot do. |
| Date | 20:29:33, August 11, 2005 CET | From | United Labour Party | To | Debating the Small Businesses Scheme |
| Message | That depends on your definition of small businesses, because the description in that bill gave little information. There must be thousands of small, family businesses, so having one person assess each one individually would be impossible. |
| Date | 02:56:54, August 12, 2005 CET | From | Super Socialist II Turbo Party | To | Debating the Small Businesses Scheme |
| Message | i like your style. a very sensual bill. |
| Date | 06:18:26, August 12, 2005 CET | From |  Protectorate Party | To | Debating the Small Businesses Scheme |
| Message | We prefer to permit these smaller industries the freedom to operate. If they are indeed small, family buisnesses the profits are going to a few individuals and therefore taxed at that time. We dislike taxing those providing the base of our economy twice. |
| Date | 11:22:01, August 12, 2005 CET | From | Leviathan Party | To | Debating the Small Businesses Scheme |
| Message | We definately don't see the need to increase taxation on small business; remember, the only private businesses are this point are, in essence, small businesses. If the ULP wanted to open a discussion on how exactly they want to qualify what 'major industry' is, we welcome their input, but we don't see the need to tax small business as they are established right now. |
| Date | 20:22:51, August 12, 2005 CET | From | United Labour Party | To | Debating the Small Businesses Scheme |
| Message | Would you support a tax rate of 10% for small businesses as it is now, and a higher amount for larger businesses? And let me look at that definition of "small business". Well, at present, I would imagine that energy companies, most heavy industry companies, essential services, most information industries, building societies, etc. would be nationalised. Whereas something like a flower shop would not be deemed important enough to tax. But many small businesses form large industries: in the UK, to refer back to the flower shop, revenue from florists is worth $6 billion, almost as much as the music industry. Your economics minister has said that they will not increase public spending until there is more tax revenue, yet here is a great source of potential income, and progressive rates (when introduced) will increase equality of wealth. I don't believe the rates I have proposed are unfair, but if you feel they are, I'm open to improvements. |
| Date | 13:24:24, August 17, 2005 CET | From | Leviathan Party | To | Debating the Small Businesses Scheme |
| Message | Income that comes at the cost of revenue of local businesses. Money spent in local businesses circulates through the community eight to fifteen times before it leaves, while money spent in non-local business circulates only two or three times before leaving. Every Py we take as taxes from small businesses isn't just one Py, it's eight to fifteen Py that isn't spent in that community. If the government spends that Py, it's just one Py; if local businesses spend it, it's eight to fifteen Py. This is why we want to keep taxes on these small businesses low: to make sure that money stays in circulation in those communities. Government revenue for our major projects, healthcare etc, is guaranteed because those businesses are not run for profit, are owned by the people, and thus the cost is borne by those same people. |
| Date | 14:09:13, August 17, 2005 CET | From | United Labour Party | To | Debating the Small Businesses Scheme |
| Message | But the money the government spends is re-circulated into the economy anyway, surely? The tax rates I have proposed for small businesses are lower than in real life in the UK, so I don't think a 5% increase will make much difference. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 50 | ||||
| no |
Total Seats: 50 | ||||
| abstain | Total Seats: 0 |
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