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Bill: Budget and business friendly tax proposal
Details
Submitted by[?]: Vanguard for Virtue & Righteousness
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: November 3687
Description[?]:
| Since the proportion of sales tax and corporate tax of capitalist alliance will lead to slight deficits we propose this version that is still less in both taxes then originally but is calculated to have a small surplus and is more encouraging of business growth. It should be noted that corporate taxes to some extent get passed unto the consumer in the form of higher prices to recoup losses, so this kills two birds with one stone since prices will still be lower then originally through tax cuts and less recoup costs. (Remember sales tax is a bigger revenue item and that it used to be 45 not so long ago) |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 15
Proposed: 15
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 40
Current: 31
Proposed: 43
Debate
These messages have been posted to debate on this bill:
| Date | 23:43:35, June 26, 2014 CET | From | Vanguard for Virtue & Righteousness | To | Debating the Budget and business friendly tax proposal |
| Message | Ooc: for those wanting to stick it to corporations, it should be noted corporate taxes are a horrible way to do this. Case and point the USA has the highest corporate tax in the world but is notably corporate dominated... |
| Date | 00:17:52, June 27, 2014 CET | From | Kirlawa Liberal Party | To | Debating the Budget and business friendly tax proposal |
| Message | We do in the end want corporate tax to be at 15%, but we want luxury sales tax to be at 30%, this will mean major budget cuts which we are ready for since the government has gone threw major privatization in the past years we will support this bill. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 401 | ||||
| no |
Total Seats: 316 | ||||
| abstain | Total Seats: 0 |
| Random fact: To see what other nations are up to and to actively involve yourself in international activities: check the Roleplaying section on the forum! Don't be shy to make a news post about your party's recent achievements. |
| Random quote: "Capitalism and communism stand at opposite poles. Their essential difference is this: the communist, seeing the rich man and his fine home, says: 'No man should have so much.' The capitalist, seeing the same thing, says: 'All men should have as much.'" - Phelps Adams |