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Bill: Senate Resolution 17: Corporate Taxes Modification Act
Details
Submitted by[?]: Federal Independent 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 2442
Description[?]:
| It is sad that we must raise taxes to level ourselves from the negativity of the deficit. However, this is an essential move that we must apply in order to trim the deficit that has grown rather hefty under the last regime. I propose to raise the Corporate Taxes level to 12%. I have a record as Minister of Finance's Assistant in Jakania under Liberal Democratic Party Finance Minister Adlai Stevenson, who was Minister of Finance for nearly 30 years. Under Mr. Stevenson, the Jakanian budget was erased from a 64 billion defict and brought to a comfortable surplus of 88 billion. However, I might add that the corporation tax in that situation was raised from 0% to 40%. The point is, after the taxes have done their duty, it is then that the government can restructure and mold the budget and financial wellbeing of the country. Alexander Bailen FIP Minister of Finance |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 8
Current: 0
Proposed: 12
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 6
Current: 0
Proposed: 4
Debate
These messages have been posted to debate on this bill:
| Date | 20:39:18, August 08, 2007 CET | From | Conservative Party of Solentia | To | Debating the Senate Resolution 17: Corporate Taxes Modification Act |
| Message | (OOC: Supported) (IC:) Yet another asinine attempt by the FIP to punish those better off for BEING better off. Corporations should not be forced to pay more because of our mistakes in the past. Julia Taylor, Inner Party Leader |
| Date | 02:50:11, August 09, 2007 CET | From | Conservative Party of Solentia | To | Debating the Senate Resolution 17: Corporate Taxes Modification Act |
| Message | And now, as the effects of the CPS' increased sales tax bill come to fruition, this is rendered unnecessary. Julia Taylor, Inner Party Leader |
| Date | 14:43:52, August 09, 2007 CET | From | Liberal Party of Solentia | To | Debating the Senate Resolution 17: Corporate Taxes Modification Act |
| Message | Although I said a proposal by the FIP in regards to finance would most likely be supported by the LPS; I fear another change to the system may destablise the economy. Supreme President Xavier Evans, Party Leader |
| Date | 20:09:04, August 10, 2007 CET | From | Federal Independent Party | To | Debating the Senate Resolution 17: Corporate Taxes Modification Act |
| Message | While the Essential Goods tax has lifted the nation out of the most recent deficit, a higher Corporation tax will replace part of the burden our citizens must spend on necessities. Taxing citizens for essential goods that they need is only a move that we should consider if every other option is null and void. The Corporation tax is rather low right now. It is the equivalent tax percentage of the citizens Non-Essential Goods tax. I still propose to raise the tax to at least 12%, which will give us room to cut part of the Essential Goods tax down by 4-6%. That way, should you be afraid of damaging the economy, these changes will not upset the balance too much. I can understand that some and or many of you may have hesitations, but I believe that you can trust in a Minister who has over 20 years of experience in the field of finance. FIP Minister of Finance Alexander Bailen |
| Date | 22:45:39, August 14, 2007 CET | From | Real Party | To | Debating the Senate Resolution 17: Corporate Taxes Modification Act |
| Message | heheheh funny act |
| Date | 03:34:35, August 16, 2007 CET | From | Federal Independent Party | To | Debating the Senate Resolution 17: Corporate Taxes Modification Act |
| Message | How is it funny? Quite clearly, I can't say the act is funny and there's nothing funny about it. Politics are rarely funny unless they're ironic. FIP Senator Vedrin Levish |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 171 | |||
| no |
Total Seats: 182 | |||
| abstain | Total Seats: 72 |
| Random fact: Did you know you can change the official name of your nation? All you need to do is draw up a new name that is in accordance with the Nation Renaming Guide, pass a bill proposing the name change with a two-thirds majority and then post a request to Moderation on the "Renaming Requests" thread. You can change city and region names in this way too. |
| Random quote: "Don't listen to what the Communists say, but look at what they do." - Nguyen Van Thieu |