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Bill: Corporation Tax Act
Details
Submitted by[?]: Cildanian Workers Coalition
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: May 2592
Description[?]:
| An Act to establish a rate of Corporation Tax at a level that both business and the public will sustain. This act will also work in tandem with the promised lowering and re-adjusting of Income Tax. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 40
Proposed: 3
Debate
These messages have been posted to debate on this bill:
| Date | 18:42:24, June 13, 2008 CET | From |  Cildanian Workers Coalition | To | Debating the Corporation Tax Act |
| Message | We are, of course, open to discussion but hope that all parties agree that direct taxation now needs to be lowered in line with the pledge that a majority of parties opted for. |
| Date | 18:52:52, June 13, 2008 CET | From | Progressive Liberal Party | To | Debating the Corporation Tax Act |
| Message | We follow the line of the CWC - direct taxation should only be used as an emergency measure in times of rampant deficit, and we recently overcame that. There is not need for this unfair measure. |
| Date | 19:00:21, June 13, 2008 CET | From | Cildanian Workers Coalition | To | Debating the Corporation Tax Act |
| Message | Are the PLP now saying that they are happy with the 4% basic rate of Tax? |
| Date | 19:10:24, June 13, 2008 CET | From | Progressive Liberal Party | To | Debating the Corporation Tax Act |
| Message | We are not "happy" with direct taxes, since we believe them to be less fair than indirect taxes - and "corporate tax" is also direct taxes, just to corporations. However, our current rate of "personal" income tax is sustainable and not oppressive. What cannot be sustained is a corporate tax level higher than the private income tax: citizens should not be discouraged from creating corporations! We would support token corporate tax leves of up to 3%, but we really believe that paperwork needed to make them work would nearly equal the money received. |
| Date | 20:02:05, June 13, 2008 CET | From | Cildanian Workers Coalition | To | Debating the Corporation Tax Act |
| Message | Again, we thank the PLP for their input in this matter. The CWC are open to lower corporate tax levels of 3% as, with the cut in the budget, we believe this may be sustainable. We shall keep this bill for now, however, we will try to get the budget cut through in order to make the tax levels sustainable. |
| Date | 10:34:44, June 14, 2008 CET | From | Communist Party (marxist-deleonist) | To | Debating the Corporation Tax Act |
| Message | We support this bill. |
| Date | 18:26:14, June 14, 2008 CET | From | Cildanian Workers Coalition | To | Debating the Corporation Tax Act |
| Message | As per discussions - we have lowered the rate to 3% |
| Date | 18:35:28, June 14, 2008 CET | From | Progressive Liberal Party | To | Debating the Corporation Tax Act |
| Message | We are lending our support on this issue, but as we stated before, this is pushing our beliefs to its limits - there should be no more new taxes from now on. |
| Date | 18:38:54, June 14, 2008 CET | From | Cildanian Workers Coalition | To | Debating the Corporation Tax Act |
| Message | we thank the PLP for their support in this matter and will work with them to, if this bill is passed, reduce direct taxation as much as the budget can sustain. |
| Date | 19:13:43, June 14, 2008 CET | From | New Socialist Left Party | To | Debating the Corporation Tax Act |
| Message | We also support this bill ! |
| Date | 21:04:59, June 14, 2008 CET | From | Cildanian Workers Coalition | To | Debating the Corporation Tax Act |
| Message | We thank the "opposition" alliance for this bill being passed. |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 104 | ||||||
| no | Total Seats: 71 | ||||||
| abstain | Total Seats: 0 |
| Random fact: It usually takes up to an hour for election results to generate. During this time, the "Next Election" date is put forward a month, which is confusing. Do not worry! In a short time, the election result will generate and the "Next Election" date will then correct itself. |
| Random quote: "I did not have sexual relations with that woman." - Bill Clinton |