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Bill: Corporate Taxation Bill
Details
Submitted by[?]: Alorian Public Union
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: August 2519
Description[?]:
| With the recent spending and budget compromises, the idea of this bill is to eventually replace income tax revenues with corporate tax revenues. PP will support income tax reductions if A) this bill passes and B) we are unable to raise government spending to the level we believe is adequate. Its a compromise. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 10
Current: 5
Proposed: 26
Debate
These messages have been posted to debate on this bill:
| Date | 23:29:56, January 19, 2008 CET | From | Liberal Social Democratic Republicans | To | Debating the Corporate Taxation Bill |
| Message | 26% is just too high given our current budget situation and the nature of the corporate tax. It is regressive, double-taxes capital, stifles entrepreneurship and investment, and presents businesses with substantial additional administrative burdens. |
| Date | 00:05:42, January 20, 2008 CET | From | Alorian Free Democrats | To | Debating the Corporate Taxation Bill |
| Message | It is too high. But it is necessary. This is a perfect example of where MLP lunacy is leading this nation. |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 282 | |||||
| no |
Total Seats: 468 | |||||
| abstain | Total Seats: 0 |
| Random fact: Real life-life nationalities, cultures or ethnicities should not be referenced in Particracy (eg. "German"). |
| Random quote: "It would be nice if the poor were to get even half of the money that is spent in studying them." - Bill Vaughan |