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Bill: New Corporation Tax Act
Details
Submitted by[?]: Rutanian Democratic Forum
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: May 2562
Description[?]:
| Taxes as investments in society. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 2
Current: 26
Proposed: 6
Debate
These messages have been posted to debate on this bill:
| Date | 00:21:31, April 13, 2008 CET | From | Socialist Green Party | To | Debating the New Corporation Tax Act |
| Message | hmm tax on the heart of capitalism we most definitly support |
| Date | 02:17:52, April 15, 2008 CET | From | Federal Rutanian Libertarian Union | To | Debating the New Corporation Tax Act |
| Message | What in the world, this tax will cripple the corporations and have ripple effects on their employees. We will not support. |
| Date | 14:40:49, April 15, 2008 CET | From | Rutanian Democratic Forum | To | Debating the New Corporation Tax Act |
| Message | O really? It will cripple them? If they earn, lets say, 100 000 000 RUT per year (which is not very much), they would have to pay 6 % of its profit- that means 6 000 000 RUT. It doesn't alter their profit significantly, and for that money they get well educated people, healthier people and similar. |
| Date | 02:51:33, April 16, 2008 CET | From | Commonwealth Party | To | Debating the New Corporation Tax Act |
| Message | Employers use their profits to expand their businesses and improve the workplace and wages and other benifits without the government intervening, increasing the corporate tax can hurt economic growth and usually can increase unemployment in some cases. Remember there are small corporations that we have to think about in which 6% tax can really hurt them. We do believe in raising the corporate tax but probably up to 4%, the highest it should ever be would have to be 5% in the CP's opinion. And yes a 1% difference makes a big difference. |
| Date | 13:11:11, April 16, 2008 CET | From | Rutanian Democratic Forum | To | Debating the New Corporation Tax Act |
| Message | But we agree that we need rebudgeting? How would you do it? For RDF, it is more easily to tax corporations than ordinary citizens. 6 % on 100 000 000 may be not so much, but 6 % on 3000 RUT is much more. We believe that corporation tax should not be lower than income tax. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 79 | |||
| no | Total Seats: 221 | |||
| abstain | Total Seats: 299 |
| Random fact: Hundreds of vessels were lost while traversing the cold waters of the Sea of Lost Souls. It is located between Seleya and Majatra. |
| Random quote: "Politics have no relation to morals." - Niccolo Machiavelli |