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Bill: Corporation Tax Act
Details
Submitted by[?]: The Liberal 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 2620
Description[?]:
| This bill will: 1) Raise the corporation tax to 25%. 2) Raise the luxury tax to 20%. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 30
Proposed: 25
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 17
Current: 25
Proposed: 20
Debate
These messages have been posted to debate on this bill:
| Date | 17:55:52, August 11, 2008 CET | From | Holy Eliyahu Confession | To | Debating the Corporation Tax Act |
| Message | how cute. this is going to have to be followed by tax increases to sustain lowered spending. |
| Date | 19:00:17, August 11, 2008 CET | From | The Liberal Party | To | Debating the Corporation Tax Act |
| Message | OOC: Do you mind explaining what you meant? It doesn't make sense. Tax increases to sustain lowered spending? |
| Date | 19:46:29, August 11, 2008 CET | From | Holy Eliyahu Confession | To | Debating the Corporation Tax Act |
| Message | OOC: that increased luxury taxes will lead to lowered spending, which will cause you to run another deficit which you will either try to alleviate by proposing higher income taxes or higher luxury taxes rather than cutting spending. |
| Date | 20:26:53, August 11, 2008 CET | From | The Liberal Party | To | Debating the Corporation Tax Act |
| Message | OOC: Oh, now I understand, consumer spending, I thought you meant government spending. IC: We will not run into any more deficit. As you can see, we currently have a 1.5 billion LOD surplus (the minimun we always must have, that's our policy) and it is going to keep increasing. |
| Date | 21:59:14, August 11, 2008 CET | From |  National Business Party (NBP) | To | Debating the Corporation Tax Act |
| Message | "I remember when Article #2 was proposed by the Progress Party in Lodamun, they were heavily critized for it being a punishment. This was critizism from the one who currently proposes it." -Sean Martinson, Party Chairman. |
| Date | 23:06:36, August 11, 2008 CET | From | The Liberal Party | To | Debating the Corporation Tax Act |
| Message | Mr. Martinson, time changes. And now, it is the time to increase them. It has been a long time since your party proposed that bill. Jonathan Keylar National Chairman of the Liberal Party |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 72 | |||
| no | Total Seats: 26 | |||
| abstain | Total Seats: 5 |
| Random fact: "Jezvraljogadsrlji" means "Social" in the Jelbic languages. |
| Random quote: "An extremely credible source has called my office and told me that Barack Obama’s birth certificate is a fraud." - Donald Trump |