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Bill: Corporate Tax Reinstatement Bill
Details
Submitted by[?]: Greenish Liberal Democratic Socialists
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: October 2575
Description[?]:
| Like it says.. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 12
Proposed: 15
Debate
These messages have been posted to debate on this bill:
| Date | 03:37:18, May 12, 2008 CET | From | Christian Communalist Party | To | Debating the Corporate Tax Reinstatement Bill |
| Message | We support. |
| Date | 04:33:48, May 12, 2008 CET | From | Judicial Union Party | To | Debating the Corporate Tax Reinstatement Bill |
| Message | No, this is foolish economic policy, which will return us to the days when we were a middling economy. Under the JUP's policies, we have grown to be an economic power, partly due to having no corporate tax. The corporation tax brings in almost no revenue in any case, but it does a lot to stifling business. There is no reason for it, unless your purpose is to decrease commerce and jobs. |
| Date | 11:31:31, May 12, 2008 CET | From | Greenish Liberal Democratic Socialists | To | Debating the Corporate Tax Reinstatement Bill |
| Message | Why shouldn't companies pay taxes while everybody else does? If you tax employees, you'll stiffle the labour market. If you tax goods and services, you'll stiffle the goods and services market. So, why not tax all markets a bit, in stead of taxing all kinds of stuff but letting big business run away with all the profit? |
| Date | 13:30:52, May 12, 2008 CET | From | Judicial Union Party | To | Debating the Corporate Tax Reinstatement Bill |
| Message | Let us take a pragmatic view of this. If companies are taxed, they have reduced profits. They accordingly must employ less people. Less people employed means less income tax. Indeed, taxing corporations will result in many multinationals leaving Tukarali to establish themselves in more tax-friendly countries, which will mean even less jobs and even less income tax. In the current climate, where jobs are in short supply, this would be extremely damaging. Taxing goods and services is the least disruptive to an economy, which is why we do it. Taxing income is worse, but we do it out of necessity, as consumption taxes will not raise enough revenue. Taxing corporations is by far the worst: it provides little revenue, and reduces revenue from other sources. It has a long term detrimental effect on the economy. These misguided notions of "fairness" are dangerous. We must look at the evidence: of the top 10 economies, 6 have zero or near-zero (2%) rates of corporation tax; in the bottom 10 economies only 1 does. This is only rough, but it is clear enough: there is an inverse correlation between corporate taxation and economic growth. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 79 | ||||
| no |
Total Seats: 421 | ||||
| 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: "To refuse political equality is to rob the ostracized of all self-respect." - Elizabeth Cady Stanton |