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Bill: Bill 392
Details
Submitted by[?]: Urban Party of Rutania
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: April 3672
Description[?]:
| A bill that will begin a 20 year process of lowering the corporate tax back to 0%. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 26
Proposed: 10
Debate
These messages have been posted to debate on this bill:
| Date | 16:50:42, May 22, 2014 CET | From | Urban Party of Rutania | To | Debating the Bill 392 |
| Message | Mr. Speaker, We ask that Solidarity support allowing the corporation tax revert back to 0%. As it stands right now, Rutania is tied for 8th out of the 13 countries in Artania in terms of corporation taxes. Countries like Ibutho (0%), Luthori (10%) and Aloria (13%) have lower rates than we do and we cannot compete with them. Thus, we propose lowering the corporation tax over a twenty year period via increments of 5 percent every 10 years as a way to slowly adjust to the changes. In doing so, this means Rutania would also have to lower its spending in order to ensure it doesn't have a budget deficit, although this can be discussed and worked out at any time. Robert Clark Interim UPR Congressional Leader |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 269 | ||
| no |
Total Seats: 286 | ||
| abstain | Total Seats: 0 |
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