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Bill: Corporation Tax Act of 3702
Details
Submitted by[?]: Hutorian Conservative Party
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 3703
Description[?]:
| Bill to lower the rate of corporation tax within Hutori. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 40
Current: 9
Proposed: 20
Debate
These messages have been posted to debate on this bill:
| Date | 01:59:20, July 28, 2014 CET | From | Hutorian Conservative Party | To | Debating the Corporation Tax Act of 3702 |
| Message | Rt Hon Harold Clarke, Hutorian Prime Minister, Mr Speaker, we propose this legislation on the basis that we believe a 40% tax rate on corporations is grossly unfair and puts Hutori at a distinct disadvantage within the world economy. Furthermore, we believe a 40% tax rate suffocates the potential growth and development of Hutorian businesses and Mr Speaker, our argument is that we need to have a competitive tax rate which allows Hutorian business to compete within the global market. A new corporation tax rate of 20% is the first step to what we believe will make the Hutorian economy more attractive to global investments which in turn will make our economy more competitive and develop, allowing Hutori to become a state where investors want to invest and this will provide a wide range of benefits to both the state and peoples of the state. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 749 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 0 |
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| Random quote: "I am thankful for the taxes I pay because it means that I'm employed." - Nancie J. Carmody |