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Bill: Corporate Tax Readjustment Act of 3511
Details
Submitted by[?]: Social Democratic People's 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: February 3512
Description[?]:
| With the corporate tax rate currently set at 5% (NNKLF #14), the government receives 5,554,942,265 KAF (roughly 1,110,988,454 KAF per region). The government currently has a revenue of approximately 464,367,570,726 KAF. Due to government expenditures amounting to 460,000,000,000 KAF, the government has a net revenue (surplus) of approximately 4,367,570,726 KAF. With the proposed increase in corporate taxes to 10%, the government can more than double the surplus to 9,922,512,991 KAF, allowing for increased government investment in domestic and foreign markets, commodies, etc. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 5
Current: 25
Proposed: 10
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes | Total Seats: 111 | ||
| no | Total Seats: 539 | ||
| abstain | Total Seats: 0 |
| Random fact: Real-life places should not be referenced in Particracy. |
| Random quote: "Socialism failed because it couldn't tell the economic truth; capitalism may fail because it couldn't tell the ecological truth." Lester Brown, Fortune Brainstorm Conference, 2006 |