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Bill: Corporate Tax Increase
Details
Submitted by[?]: Impériale Avant-garde d'Alduria
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: May 3487
Description[?]:
| Increasing Corporate Tax. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 18
Current: 25
Proposed: 25
Debate
These messages have been posted to debate on this bill:
| Date | 00:05:41, May 17, 2013 CET | From | Progress Party | To | Debating the Corporate Tax Increase |
| Message | Monsieur le président, At present, the average corporate tax rate around Terra is 22.1% - a whole 4% higher than Alduria. Our government reduced the tax rate from 25% to 18% in order to make our economy more dynamic, more competitive and more attractive to international investment after we opened up the economy to transnational corporations. A tax hike of such huge proportions would be devastating to small and medium sized businesses, and encourage large multinationals to move their operations out of their country. We will not support a measure that raises our corporate tax threshold to or above 22% - it is important that the rate remain below the global average in order to make our nation more attractive to global investors. Namo Camus Leader of the Progress Party |
| Date | 01:52:14, May 17, 2013 CET | From | Democratic Socialist Party | To | Debating the Corporate Tax Increase |
| Message | We believe in increasing corporate taxes even beyond this. We fully support this move. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 363 | ||
| no |
Total Seats: 239 | ||
| abstain | Total Seats: 13 |
| Random fact: RP laws follow the same passing rules as in-game variable laws. Laws that are not of a constitutional nature require a simple majority "Yes" vote from active parties currently holding seats. Laws that are of a constitutional nature require a 2/3 majority "Yes" vote from active parties currently holding seats. RP laws may be abolished a simple majority vote this applies to ANY RP law. |
| Random quote: "Politics is for the present, but an equation is for eternity." - Albert Einstein |