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Bill: Income Tax Proposal (March 2958)
Details
Submitted by[?]: Verhovnyĭ Diktatorskogo Rezhima
Status[?]: passed
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: November 2958
Description[?]:
| The Verhovnyĭ Diktatorskogo Rezhima propose to adjust the government's income tax policy to better address the economic situation of the Likatonian Narodnyĭ Diktatura. |
Proposals
Article 1
Proposal[?] to change The government's policy on advertising
Old value:: All advertising is permitted.
Current: All advertising is permitted.
Proposed: Only governmental organisation advertising is permitted.
Article 2
Proposal[?] to change The banking system.
Old value:: The government operates a central bank and all other banks are private.
Current: The government operates a central bank and all other banks are private.
Proposed: The government operates and owns all banks.
Article 3
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 15
Proposed: 48
Article 4
Proposal[?] to change The government's policy towards daily working hours.
Old value:: The government has no policy concerning daily working hours.
Current: The government has no policy concerning daily working hours.
Proposed: Daily working hours are regulated by the government.
Article 5
Proposal[?] to change The nation's defence industry.
Old value:: Defence industries are privately owned but subsidised by the state.
Current: The state owns all defence industries.
Proposed: The state owns all defence industries.
Article 6
Proposal[?] to change Energy regulation.
Old value:: Energy is provided by private companies which are not subject to any special regulations.
Current: Energy is provided by private companies but the prices they can charge are regulated.
Proposed: Energy is provided by nationalised companies.
Article 7
Proposal[?] to change Employer's rights in regards to firing striking workers.
Old value:: Employers can fire workers who are deemed to have gone on strike without reasonable reasons.
Current: Employers are free to fire workers who go on strike.
Proposed: Government approval is needed before strikers can be fired.
Article 8
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors may freely invest in national companies.
Current: Foreign investors may freely invest in national companies.
Proposed: Foreign investors need to obtain government approval for all investments in national companies.
Article 9
Proposal[?] to change The right to gamble.
Old value:: Gambling is legal, but only in private homes and casinos with special licences.
Current: Gambling is legal across the nation, no regulation whatsoever.
Proposed: Gambling is legal across the nation, no regulation whatsoever.
Article 10
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Current: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Proposed: All industry is owned and operated by the state.
Article 11
Proposal[?] to change Sales tax on luxury goods.
Old value:: 20
Current: 12
Proposed: 50
Article 12
Proposal[?] to change The nation's policy on minimum wage regulation.
Old value:: There is no provision for a minimum wage.
Current: There is no provision for a minimum wage.
Proposed: There shall be a minimum wage at a level that a full time worker on it can support a family of four without falling under the poverty line.
Article 13
Proposal[?] to change The government's policy concerning phone services.
Old value:: There are no regulations on phone service.
Current: There are no regulations on phone service.
Proposed: Telephone lines are provided free of charge to all citizens.
Article 14
Proposal[?] to change Secondary strike action.
Old value:: Secondary strike action is illegal. Workers and unions can only go on strike for their own pay and conditions.
Current: Any trade union can go on a sympathy strike in support of other striking workers.
Proposed: Any trade union can go on a sympathy strike in support of other striking workers.
Article 15
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are allowed but are regulated.
Current: Stock exchanges are allowed but are regulated.
Proposed: Stock exchanges are banned.
Article 16
Proposal[?] to change Government policy on Democratic Workers' Councils.
Old value:: The government does not intervene in the marketplace with regards to Democratic Workers' Councils.
Current: The government does not intervene in the marketplace with regards to Democratic Workers' Councils.
Proposed: Democratic Workers' Councils are not permitted to run a business.
Article 17
We propose to alter income tax brackets to the following setup. Information about the current income tax system can be found here.
| Bracket | Tax | Estimated Revenue |
| > 100 LIK | 2% | 1,264,000,000 LIK |
| > 1,200 LIK | 18% | 39,286,000,000 LIK |
| > 5,000 LIK | 37% | 210,390,000,000 LIK |
| > 24,000 LIK | 41% | 20,831,000,000 LIK |
| > 30,000 LIK | 58% | 22,670,000,000 LIK | Total | 294,441,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes | Total Seats: 75 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: Particracy has been running since 2005. Dorvik was Particracy's first nation, the Dorvik Social Democrats the first party and the International Greens the first Party Organisation. |
| Random quote: "Sometimes it is said that man cannot be trusted with the government of himself. Can he, then, be trusted with the government of others?" - Thomas Jefferson |