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Bill: Tax Reforms - 3286
Details
Submitted by[?]: Beluz Democratic Karavist Party
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: September 3286
Description[?]:
| Count Kristov I proposes to adjust the government's income tax policy to better address the economic situation of Beluzia. A more defined taxation system allows more revenue, despite having lower tax rates. We should also consider lowering tax on corporations, to allow more businesses to come to Beluzia to provide more employement. While the BLSP is in favour of high corporation tax, it is not the best idea for the current state of the economy. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 10
Proposed: 10
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 1
Current: 0
Proposed: 5
Article 3
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: Certain industries are owned by the state, all others are under private ownership.
Proposed: Certain industries are owned by the state, all others are under private ownership.
Article 4
Proposal[?] to change Sales tax on luxury goods.
Old value:: 20
Current: 10
Proposed: 25
Article 5
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 |
| > 10,000 BEL | 10% | 40,139,000,000 BEL |
| > 20,000 BEL | 15% | 24,627,000,000 BEL |
| > 30,000 BEL | 20% | 12,820,000,000 BEL |
| > 40,000 BEL | 25% | 7,488,000,000 BEL |
| > 50,000 BEL | 30% | 3,361,000,000 BEL |
| > 60,000 BEL | 35% | 208,000,000 BEL | Total | 88,643,000,000 BEL |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes |
Total Seats: 439 | ||
| no |
Total Seats: 311 | ||
| abstain | Total Seats: 0 |
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