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Bill: Act of Taxation, Trade and Commerce
Details
Submitted by[?]: Coalition for National Unity [CNU]
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: June 2609
Description[?]:
| An Act to make provision about the taxation system in the Federal Republic of Solentia, to make provision for the mordern Trade-State. This Act was written in the year of our Lord Twenty Six Hundred and eight and is proposed and approved by the Executive of the Conservative and Morality Party. Be it enacted by the Supreme President's most Excellent and Loyal approval, by and with the advice and consent of the Senators elected and their peers appointed, in this present Parliament assembled, and by the authority of the same, as follows___ -Shadow Secretary of State for Finance: Romano Tellini |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates large, national banks, but small community based private banks are allowed.
Current: All banks are privately owned.
Proposed: All banks are privately owned.
Article 2
Proposal[?] to change The government's policy concerning child labour.
Old value:: Child labour is forbidden.
Current: Child labour is allowed and unregulated; adult labour laws do not apply.
Proposed: Child labour is allowed, but with additional regulations to those of adult labourers.
Article 3
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 4
Current: 0
Proposed: 2
Article 4
Proposal[?] to change Energy regulation.
Old value:: Energy is provided by nationalised companies.
Current: Energy is provided by private companies which are not subject to any special regulations.
Proposed: Energy is provided by private companies which are not subject to any special regulations.
Article 5
Proposal[?] to change Employer's rights in regards to firing striking workers.
Old value:: Employers cannot fire workers who have gone on strike.
Current: Employers are free to fire workers who go on strike.
Proposed: Employers can fire workers who are deemed to have gone on strike without reasonable reasons.
Article 6
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors may invest in national companies, but may not get a majority share.
Current: Foreign investors need to obtain government approval for all investments in national companies.
Proposed: Foreign investors may freely invest in national companies.
Article 7
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The government subsidizes private enterprises that face bankruptcy.
Current: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Proposed: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Article 8
Proposal[?] to change Sales tax on luxury goods.
Old value:: 8
Current: 0
Proposed: 4
Debate
These messages have been posted to debate on this bill:
| Date | 15:56:31, July 20, 2008 CET | From | Solentian People Party | To | Debating the Act of Taxation, Trade and Commerce |
| Message | We agree with this bill which we believe will ensure a fairer economy, more affordable to the electorate and also less state intervention with markets and business which we beieve is always a good thing. Robert May, Shadow Finance Minister Nasrin Tunnet, Shadow Trade Minister |
| Date | 16:39:08, July 20, 2008 CET | From | Federal Independent Party | To | Debating the Act of Taxation, Trade and Commerce |
| Message | This will ruin the national budget and destroy Solentia's current trend of fiscal responsibility. By passage of this abomination, the only thing that will result is another string of years filled with failed CMP economics. FIP Minister of Finance Kenneth Levaeron |
| Date | 17:00:41, July 20, 2008 CET | From | Coalition for National Unity [CNU] | To | Debating the Act of Taxation, Trade and Commerce |
| Message | "The CMP lead one of the strongest ecomomic eras ever seen. Some failure." Matteo Trulli, Shadow Secretary of State for Finance |
| Date | 17:10:20, July 20, 2008 CET | From | Federal Independent Party | To | Debating the Act of Taxation, Trade and Commerce |
| Message | Yet again, more nonsense CMP propaganda that can quote no sources. Minister of Finance Kenneth Levaeron |
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Voting
| Vote | Seats | |||||||
| yes | Total Seats: 0 | |||||||
| no |
Total Seats: 304 | |||||||
| abstain | Total Seats: 0 |
| Random fact: Discuss flag designs at the Flag Designs thread: http://forum.particracy.net/viewtopic.php?f=5&t=37 |
| Random quote: "It would be nice if the poor were to get even half of the money that is spent in studying them." - Bill Vaughan |