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Bill: Industry Regulation Reduction Act
Details
Submitted by[?]: Liberal Future Party of Kirlawa
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: September 3006
Description[?]:
| There are many regulations for every corporate and business activity. This can make national economy very vulnerable to external crisis. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 58
Current: 15
Proposed: 45
Article 2
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors are not allowed to invest in national companies.
Current: Foreign investors need to obtain government approval for all investments in national companies.
Proposed: Foreign investors may invest in national companies, but may not get a majority share.
Article 3
Proposal[?] to change The banking system.
Old value:: The government operates large, national banks, but small community based private banks are allowed.
Current: The government operates a central bank and all other banks are private.
Proposed: The government operates a central bank and all other banks are private.
Article 4
Proposal[?] to change Energy regulation.
Old value:: Energy is provided by nationalised companies.
Current: Energy is provided by nationalised companies.
Proposed: Energy is provided by private companies but the prices they can charge are regulated.
Article 5
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The state owns the commanding heights of the economy and all major industries, but private ownership is allowed in the minor industries.
Current: Certain industries are owned by the state, all others are under private ownership.
Proposed: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Debate
These messages have been posted to debate on this bill:
| Date | 17:39:12, September 26, 2010 CET | From | Liberal Future Party of Kirlawa | To | Debating the Industry Regulation Reduction Act |
| Message | Let's promote business opportunity in Kirlawa |
| Date | 20:06:16, September 26, 2010 CET | From | Urban Party of Kirlawa | To | Debating the Industry Regulation Reduction Act |
| Message | You have the UPK's support. |
| Date | 02:00:50, September 27, 2010 CET | From | Kirlawan People's Justice Party | To | Debating the Industry Regulation Reduction Act |
| Message | We welcome the Liberal Future Party to Kirlawa :) but unfortunately KPJP cannot support this bill as a whole. We're open to compromise; if proposed separately, we could support individual articles such as "The government operates a central bank and all other banks are private." |
| Date | 02:49:50, September 27, 2010 CET | From | Liberal Future Party of Kirlawa | To | Debating the Industry Regulation Reduction Act |
| Message | Thank u for ur support UPK. KJPJ, we agree that more discussion can be needed, so we will propose some articles separately. Please, tell us ur opinions on each article. We think that Article 1: Corporate Tax is too height to maintain regular operations of many companies except few big companies. Article 2: Foreign investors are necessarily required to grow our economy continuously. Article 3: U could support that. Article 4: Nationally monopolized company has ineffectiveness in their business activity. so people in Kirlawa should pay more than original cost. Article 5: Markets are distorted by goverment intervention, so this can erode our growth potential. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 251 | ||
| no | Total Seats: 466 | ||
| abstain | Total Seats: 0 |
| Random fact: Once approved, players should copy Cultural Protocols into a bill in the debate section of their nation page, under the title of "OOC: Cultural Protocols". This bill should include links to the passed Cultural Protocol bill and the Moderation approval. |
| Random quote: "Liberalism is the transformation of mankind into cattle." - Friedrich Nietzsche |