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Bill: Corporation Tax Reform
Details
Submitted by[?]: Capitalist Party
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: August 2109
Description[?]:
| As we can assume, right now, that an income tax exists; we know that income is taxed as it is paid by corporations to shareholders, entrepreneurs, workers, and other individuals. Therefore it can be shown that money earned by corporations is taxed twice, first by corporate taxes, then by income taxes as what remains is distributed. We propose to reduce this needless complexity and unfair tax structure by a sharp reduction in corporate taxes. Any revenue lost by this measure shall be recovered by other methods of taxation, along with misc. reductions in spending, but given that other methods of taxation do not currently exist in the game, this basically stands alone. The forseeable goal of this bill is to encourage investment and economic growth. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 20
Current: 30
Proposed: 10
Debate
These messages have been posted to debate on this bill:
| Date | 20:11:04, September 10, 2005 CET | From |  Liberty Party | To | Debating the Corporation Tax Reform |
| Message | We support this bill, although we maintain that this should be a stepping-stone to abolishing corporate income tax, both for the reason described by TCP (i.e., that it is effectively double-taxation on successful wealth generation) and also because taxes on income are inferior to taxes on consumption. |
| Date | 00:48:25, September 11, 2005 CET | From | Corporatism Party | To | Debating the Corporation Tax Reform |
| Message | Agree for reasons described by the Liberty party. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 428 | ||||
| no | Total Seats: 127 | ||||
| abstain | Total Seats: 0 |
| Random fact: It is possible for a player to transfer ownership of a character or a royal house to another player. This should be done in a public way, such as on the Character Transfers thread, so that if a dispute arises in the future, Moderation can be pointed towards evidence of the transfer. |
| Random quote: “Human rights means doing whatever the fuck you want” - Benji Benandez, former Dranian politician |