We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
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. |
subscribe to this discussion - unsubscribe
Voting
| Vote | Seats | ||||
| yes |
Total Seats: 428 | ||||
| no | Total Seats: 127 | ||||
| abstain | Total Seats: 0 |
| Random fact: Players have a responsibility to make a reasonable effort to be accurate when communicating the rules to other players. Any player who manipulatively misleads another player about the rules will be subject to sanction. |
| Random quote: "You will win, but you will not convince. You will win, because you possess more than enough brute force, but you will not convince, because to convince means to persuade. And in order to persuade you would need what you lack, reason and right in the struggle." - Miguel de Unamuno |