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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

Debate

These messages have been posted to debate on this bill:

Date19:56:55, October 13, 2012 CET
From Party for Environmental Responsibility
ToDebating the Investment Bill 3379
MessageMr 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

Date00:12:44, October 14, 2012 CET
From United Party
ToDebating the Investment Bill 3379
MessageMr 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

Date13:26:27, October 14, 2012 CET
From Old Whig Party
ToDebating the Investment Bill 3379
MessageMr 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

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