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Bill: Profit Tax
Details
Submitted by[?]: Social Democracy 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: September 3751
Description[?]:
| The Social Democracy Party proposes the taxation of the profits made by corporations. We expect that if accepted the tax will allow the people of the Republic to all benefit from the profits of the corporations in its territory, not only their already rich owners and shareholders. We have now also added taxation of religious profit, since from a secular point of view many times religious organizations work as corporations. Exception being made for charitable purposes. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 15
Proposed: 30
Article 2
Proposal[?] to change
Taxation of religious institutions.
Old value:: Religious taxation policy is left to the local governments.
Current: Religions are treated as companies, and all profit is taxed, however, charitable donations are not taxed.
Proposed: Religions are treated as companies, and all profit is taxed, however, charitable donations are not taxed.
Debate
These messages have been posted to debate on this bill:
| Date | 03:10:42, October 25, 2014 CET | From | AM Radical Libertarian Party | To | Debating the Profit Tax |
| Message | We fully support article 2, however we cannot support the double taxation suggested in the first article. It would only be acceptable if income from stocks and bonds, having been taxed at the corporate level, were exempt from personal taxation. |
| Date | 05:47:14, October 25, 2014 CET | From | Social Democracy Party | To | Debating the Profit Tax |
| Message | We are willing to compromise on Article 1 by either halving the proposed profit tax or increasing it by 5% but ending government regulation of stock exchanges. |
| Date | 06:02:21, October 26, 2014 CET | From | AM Radical Libertarian Party | To | Debating the Profit Tax |
| Message | It is not the regulation of stock exchanges we oppose, but the double taxation of corporate income distributed as dividends. If dividend distribution were to be a deductible expense in determining taxable profit, we would support this. If income received from dividends were deductible on a personal level, we would also support this. Barring either of those alternatives, we mus dissent. |
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Voting
| Vote | Seats | |
| yes | Total Seats: 0 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 250 |
| Random fact: "Doxxing", or the publishing of personally identifiable information about another player without permission, is forbidden. |
| Random quote: "In heaven all the interesting people are missing." - Friedrich Nietzsche |