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Bill: Investment Bill 3379
Details
Submitted by[?]: Old Whig Party
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: November 3380
Description[?]:
Proposal to reduce rate of Corporate Taxation from 40% to 10%. Allow foreign ownership of business. Both measures are intended to incentivise investment |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 40
Current: 9
Proposed: 10
Article 2
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors may invest in national companies, but may not get a majority share.
Current: Foreign investors need to obtain government approval for all investments in national companies.
Proposed: Foreign investors may freely invest in national companies.
Debate
These messages have been posted to debate on this bill:
Date | 19:56:55, October 13, 2012 CET | From | Party for Environmental Responsibility | To | Debating the Investment Bill 3379 |
Message | Mr Speaker Until balancing budget to the cuts we will not support but when you balance it we will vote for it Agatha Davisson MP, Leader of Her Majesty's Most Loyal Opposition |
Date | 00:12:44, October 14, 2012 CET | From | United Party | To | Debating the Investment Bill 3379 |
Message | Mr Speaker - We campaigned for decades to keep Hutorian business in the hands of our own citizens. We cannot support this. Cecilia Andrews MP, Finance Minister |
Date | 13:26:27, October 14, 2012 CET | From | Old Whig Party | To | Debating the Investment Bill 3379 |
Message | Mr Speaker, This cut will generate further investment so there'll be more corporations to pay the tax. There ought not be any concern for businesses no longer remaining in Hutorian hands, it will be more of a case of foreign companies coming here due to our generous tax regime. |
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Voting
Vote | Seats | |||
yes |
Total Seats: 54 | |||
no | Total Seats: 337 | |||
abstain | Total Seats: 0 |
Random fact: Selucia is Particracy's modern take on Ancient Rome, located on the continent of Majatra. |
Random quote: "Africa is poor because its investors and its creditors are unspeakably rich" - Naomi Klein |