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Bill: Introducing VAT
Details
Submitted by[?]: Telamon Social Democratic 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: October 2166
Description[?]:
| To broaden the base of taxation we should introduce value added tax on all commodities, not just luxury items. A broad tax base allows us to maintain lower level of taxation in individual taxes and thus distort individual incentives less than with a smaller number of high taxes. The level of VAT that we are proposing is also low enough not to cause problems for consumers (citizens), especially when combined with the lowering of income taxes that I propose. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 7
Proposed: 2
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||
| yes |
Total Seats: 142 | ||||
| no |
Total Seats: 113 | ||||
| abstain | Total Seats: 0 |
| Random fact: Once approved, players should copy Cultural Protocols into a bill in the debate section of their nation page, under the title of "OOC: Cultural Protocols". This bill should include links to the passed Cultural Protocol bill and the Moderation approval. |
| Random quote: "Man is by nature a political animal." - Aristotle |