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Bill: Proposal to Lower the Luxury Sales Tax and Abolish the Corporation Tax
Details
Submitted by[?]: The Organization for Economic Freedom
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: November 2529
Description[?]:
| The Luxury Goods Sales tax has been determined by the authors of this legislation to be an undue burden upon the citizenry of the Great Commonwealth of Rutania. The money removed from Rutania's dynamic, strong economy works to the overall detriment of the country through its expenditure on pork-barrel projects and un-needed, outdated government programs. In addition, the Luxury Goods Sales Tax discourages the overall consumption of Luxury Goods, and thus is detrimental to the country's Gross Domestic Product. Healthy Corporations are a vital part of any sucessful economy. Taxing these corporations impedes overall national economic progress. At the time of the proposal of this bill, the corporate tax provides 1% of the revenues accrued by the Government of Rutania. This trivial amount of money ought to be in the hands of those most capabable of ensuring its exponential growth in the form of investment in business endeavors. This bill proposes that the Corporation Tax be lowered to 0%. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 1
Current: 26
Proposed: 0
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 5
Current: 33
Proposed: 2
Debate
These messages have been posted to debate on this bill:
| Date | 12:34:03, February 09, 2008 CET | From |  Freedom Party | To | Debating the Proposal to Lower the Luxury Sales Tax and Abolish the Corporation Tax |
| Message | This is really getting annoying, the repeat proposals. Furthermore, these types of bills do nothing to raise your visibility |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 0 | |||
| no |
Total Seats: 306 | |||
| abstain | Total Seats: 113 |
| Random fact: By default the head of government is the ultimate authority within a national government. In general terms, heads of government are expected to consult with cabinet colleagues (including those from other parties) before making significant decisions but they remain responsible for government action. |
| Random quote: "Whenever the people are well informed, they can be trusted with their own government; that whenever things get so far wrong as to attract their notice, they may be relied on to set them to rights." - Thomas Jefferson |