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Bill: International Sustainable Industries Scheme
Details
Submitted by[?]: National People's Gang
Status[?]: passed
Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: September 2057
Description[?]:
| In order to maximise opportunities to attract multi-national companies to choose to invest in operations, or to extend their existing operation, or to relocate their base of operations, to Lodamun; furthermore, to encourage multi-national companies to operate sustainable practices in all areas of business, special terms of government levy, currently only available through International Social Corporate Responsibility Discounts to domestic companies with overseas operations, shall be made available. BENEFITS Upon validation they shall be eligible for appropriately scaled discounts, up to and including 100 per cent, of all levies normally imposed by the Lodamun government, for a period of six months. For each period of five years of continuous compliance and continuous operations within Lodamun, they shall receive an additional six months of discount benefits. COSTS AND CHARGES Member companies which withdraw from Lodamun, or from the scheme, are subject to a surcharge equal to the discount benefits they have received within the past five years. Companies signing up for the International Sustainable Industries Scheme shall bear the cost of validation and on-going monitoring procedures. TERMS Foreign companies applying for membership of the ISIS must pledge commitment throughout their world operations to: 1. The right to freedom of association 2. The elimination of child labour 3. The elimination of forced labour 4. The elimination of compulsory labour 5. The elimination of discrimination in employment 6. The sustainable use and management of natural resources 7. Minimal levels of environmental degradation 8. Pollution control and clean-up procedures 9. The non-proliferation of chemical, biological, nuclear, ballistic or personal weaponry. 10. Support and respect the protection of human rights and to ensure they are not complicit in human rights abuses. To achieve ISIS discounts companies must demonstrate that their operations provide: a. Fair wage levels b. Safe working conditions c. Adherence to the 10 pledge commitments ASSOCIATED LEGISLATION The ISIS is specifically subject to the following associated Acts: 1. Foreign Investment Law 2. International Corporate Social Responsibility DEFINITIONS I. “Demonstration of compliance” includes companies being open to monitoring by international non-governmental organisations compiling reports for government attention. ii. The term “safe working practices” shall be defined as being in accordance with the domestic laws of Lodamun. iii. “Fair wage levels” shall be defined as Lodamun equivalence calculated against the local cost of living in the relevant country. iv. “Sustainable use” includes minimising waste during extraction, processing and distribution. v. “Pollution control” is defined as capable of returning to conditions prior to development within a period of 12 months. vi. “Human rights” as defined by the domestic laws of Lodamun. |
Proposals
Debate
These messages have been posted to debate on this bill:
| Date | 17:56:09, May 20, 2005 CET | From | Cooperative Commonwealth Federation | To | Debating the International Sustainable Industries Scheme |
| Message | This is an excellent bill regarding foreign investors in Lodamun. The CCF would hope that a number of multinational corporations would choose Lodamun as thier base under this law, and we woujdl even be agreeable to offering a five-year initial tax holiday to companies that do so under the conditions stated. On the broader question of foreign investment in Lodamun's economy, we do have concerns that the government should not permit ownership of strategic industries to fall into foreign hands. We would prefer direct foreign ownership of Lodamunian industries to be banned altogether. At a minumim, we suggest a clause stating that foreign firms will not be permitted to gain majority ownership of strategic industries. |
| Date | 00:11:32, May 21, 2005 CET | From | CNT/AFL | To | Debating the International Sustainable Industries Scheme |
| Message | Very good piece of legislation you have there. We are with our colleagues in the CCF with respect to not allowing foreign corporations to gain a monopoly over particular industries. We are on the other hand, opposed to any sort of tax 'holiday'. |
| Date | 05:14:48, May 21, 2005 CET | From | Chorus of Amyst | To | Debating the International Sustainable Industries Scheme |
| Message | The Council is willing to support this bill if the CCF's condition is implemented in some fashion. |
| Date | 11:23:19, May 21, 2005 CET | From |  National People's Gang | To | Debating the International Sustainable Industries Scheme |
| Message | We believe the CCF's comment regarding strategic industries is extremely relevant. We're in discussions about how to implement it appropriately and will not bring this bill to vote until it's resolved. Regarding the CNT/AFL's concerns about a "tax holiday": In most cases this is inward investment, so we would not be receiving revenues prior to the agreement. In the cases of expansion, it is like the government collecting the tax and then funding employment schemes, urban renewal etc. By not collecting money which we weren't owed (ie these companies weren't even here) we could find Lodamun becomes a world centre of excellence for sustainable production, environmental care and pollution management. |
| Date | 18:14:14, May 21, 2005 CET | From | Cooperative Commonwealth Federation | To | Debating the International Sustainable Industries Scheme |
| Message | Following discussions with our colleagues in the Albert Party, the CCF will be drafting a bill to govern foreign investment. We continue to support this bill as a useful countpart to the ethical investment legislation already passed by parliament. |
| Date | 21:27:24, May 22, 2005 CET | From | MLTP (The Resistance) | To | Debating the International Sustainable Industries Scheme |
| Message | The MLTP suggests this be brought to a vote. |
| Date | 18:00:17, May 23, 2005 CET | From | National People's Gang | To | Debating the International Sustainable Industries Scheme |
| Message | We'll bring this to vote if there is agreement on the Foreign Investment Law, as this will need to make reference to it. |
| Date | 17:43:34, May 24, 2005 CET | From | Cooperative Commonwealth Federation | To | Debating the International Sustainable Industries Scheme |
| Message | Foreign investment is now in voting and based on debate should pass. As there is now a call for early elections, we suggest this be voted on soon. |
| Date | 18:27:14, May 24, 2005 CET | From | National People's Gang | To | Debating the International Sustainable Industries Scheme |
| Message | This clause has now been added: ASSOCIATED LEGISLATION The ISIS is specifically subject to the following associated Acts: 1. Foreign Investment Law 2. International Corporate Social Responsibility |
| Date | 23:01:57, May 24, 2005 CET | From | CNT/AFL | To | Debating the International Sustainable Industries Scheme |
| Message | This is excellent. With legislation like this, and the other two, Lodamun could become a world leader in progressive and efficient economic regulation. |
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Voting
| Vote | Seats | |||||||
| yes |
Total Seats: 87 | |||||||
| no | Total Seats: 0 | |||||||
| abstain | Total Seats: 0 |
| Random fact: Terra, the fictional world in which Particracy is set, consists of 8 continents: Artania, Dovani, Keris, Makon, Majatra, Seleya, Temania and Vascania. |
| Random quote: "Dictators ride to and fro upon tigers which they dare not dismount. And the tigers are getting hungry." - Winston Churchill |