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Bill: Corporate tax proposal of June 3212

Details

Submitted by[?]: Progressive Conservatives

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: February 3213

Description[?]:

Our ministry suggests we expand the new flat 5% tax income plan to companies to encourage business and domestic spending.

Proposals

Debate

These messages have been posted to debate on this bill:

Date10:45:13, November 14, 2011 CET
FromSpréach
ToDebating the Corporate tax proposal of June 3212
MessageThere should be a graded system of taxation for corporations but 5% is far too low for a corporation to pay given its legal standing.

Date10:55:53, November 14, 2011 CET
FromProgressive Conservatives
ToDebating the Corporate tax proposal of June 3212
MessageWhy distinguish between incomes in the first place? Our government suggests a universal 5% tax on income since percentage means the higher the income, higher the contribution. A similar measure on income tax did two things: cut taxes for a large majority of citizens and actually boost revenue by more than 41 billion. This could serve an equal advantage in freeing up savings for companies to re-invest and pass on to the consumer.

Date10:56:52, November 14, 2011 CET
FromProgressive Conservatives
ToDebating the Corporate tax proposal of June 3212
MessageNot to mention making our businesses more competitive on an international scale.

Date15:43:03, November 14, 2011 CET
FromSpréach
ToDebating the Corporate tax proposal of June 3212
MessageBut what effect did that similar move have on the people on the bottom who likely had there tax bill raised considerably. 5% of very little is a lot more than 5% of a huge amount when you are trying to make ends meet.

Corporation which make a profit have a duty through taxes to the citizens of the state where they operate, they make great benefits from infrastructure, education, healthcare etc which taxes pay for.

In RL 5% would be one of the lowest corporation taxes in the world.

Date20:44:21, November 14, 2011 CET
FromProgressive Conservatives
ToDebating the Corporate tax proposal of June 3212
MessageOur ministry disagrees: the income tax plan did raise the lower bracket of 10,000 BEL from 1% to 5% but this amounts to a difference of just 400 BEL annually. When you consider our government's ever-increasing services to help low-income Beluzians, a low 400 BEL increase on 10,000 BEL per annum isn't a death sentence. We advocate basic economic theory: a low corporate tax will make our country more attractive to business, improve our economy, create a huge number of jobs and pass savings on to Beluzian consumers.

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Voting

Vote Seats
yes
 

Total Seats: 414

no
  

Total Seats: 86

abstain
 

Total Seats: 0


Random fact: Selucia is Particracy's modern take on Ancient Rome, located on the continent of Majatra.

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