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Bill: Tax Reform
Details
Submitted by[?]: Satanailische Volkspartei
Status[?]: passed
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: March 3937
Description[?]:
| The Satanailische Volkspartei propose to adjust the government's income tax policy to better address the economic situation of the Gemenebest van Narikaton en Darnussia/Gemeinwesen auf Narikaton und Darnussia. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 5
Current: 10
Proposed: 30
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 16
Current: 0
Proposed: 8
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 7
Current: 40
Proposed: 10
Article 4
We propose to alter income tax brackets to the following setup. Information about the current income tax system can be found here.
| Bracket | Tax | Estimated Revenue |
| > 1,000 DAR | 8% | 30,047,000,000 DAR |
| > 7,500 DAR | 18% | 125,003,000,000 DAR |
| > 20,000 DAR | 19% | 142,059,000,000 DAR |
| > 40,000 DAR | 23% | 76,330,000,000 DAR |
| > 60,000 DAR | 25% | 63,001,000,000 DAR |
| > 1,000,000 DAR | 1% | 0 DAR | Total | 436,440,000,000 DAR |
Debate
These messages have been posted to debate on this bill:
| Date | 06:58:43, November 12, 2015 CET | From | National Party (NP) | To | Debating the Tax Reform |
| Message | Dear colleagues, we are the first wanting a lower fiscal pressure on our corporations, but maybe this reduction it's too drastic. We are already fighting some social clashes (closed minded people), but we can't make such an hazard on economics, we must think on the long term of our nation/government. What about a 8% on corporations and not 3? The rest it's nice. - Kalus Achterop, Pres. Of NP |
| Date | 07:05:35, November 12, 2015 CET | From | Satanailische Volkspartei | To | Debating the Tax Reform |
| Message | Our calculations predict this tax reform will encourage investment and economic growth. If passed along with our budget proposal, we will not run a deficit. |
| Date | 11:16:45, November 12, 2015 CET | From | Satanailische Volkspartei | To | Debating the Tax Reform |
| Message | We concur. The tax rates proposed have been adjusted to an 8% corporate tax, the revenue will be used to lower the sales tax. |
| Date | 11:18:08, November 12, 2015 CET | From | Satanailische Volkspartei | To | Debating the Tax Reform |
| Message | (from the original proposal). |
| Date | 16:57:23, November 12, 2015 CET | From | Demokrat Konservativen Partei (DKP) | To | Debating the Tax Reform |
| Message | Dear colleagues, If this bill isn't accompanied by some compensation measure, we cannot support it. |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 210 | ||
| no | Total Seats: 191 | ||
| abstain | Total Seats: 0 |
| Random fact: Bill descriptions must be in English, or at least include a full English translation. Bill titles may appear in a language that is appropriate to the nation and are not required to be translated into English. |
| Random quote: "Global warming is indeed a scam, perpetrated by scientists with vested interests, but in need of crash courses in geology, logic and the philosophy of science." - Dr. Martin Keeley |