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Bill: Economic Strengthening Act 3984
Details
Submitted by[?]: Social Democratic
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: January 3985
Description[?]:
| A Bill: To establish an economic environment that fosters maximum confidence from the business community, in order to ensure the sustained economic strength of the Federal Union of Gaduridos. (OOC: Just to let you guys now, the veteran players of Particracy have grouped nations into four categories in terms of economy. This is part of the Economic RP project over on the forums. The categories are High, Medium, Low, and Underdeveloped. Gaduridos falls into the Low category). |
Proposals
Article 1
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors need to obtain government approval for all investments in national companies.
Current: Foreign investors are not allowed to invest in national companies.
Proposed: Foreign investors may invest in national companies, but may not get a majority share.
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 25
Proposed: 22
Debate
These messages have been posted to debate on this bill:
| Date | 16:04:36, February 16, 2016 CET | From | All Progressive Party | To | Debating the Economic Strengthening Act 3984 |
| Message | This coalition government lacks consistency. How do we invite investors to an economy faced with tax changes almost too often? We need to maintain the current economic environment. Facilitate for more investment and policy implementation. |
| Date | 19:47:10, February 16, 2016 CET | From | Social Democratic | To | Debating the Economic Strengthening Act 3984 |
| Message | Mr Speaker, I cannot fathom what tax changes the All Progressive Party are referring to? The levelling of the playing field in the Income Tax arena; ensuring that people pay a fair tax on their wage? The reduction of a towering sales tax that was crippling our economy? Or is it the reduction of Corporation Tax as outlined in this bill? If the changes outlined have come to quickly for the All Progressive Party to keep up, then perhaps they should rescind their seats in the Senate, and allow us to move our country forward! |
| Date | 08:56:51, February 17, 2016 CET | From | National Labor Front | To | Debating the Economic Strengthening Act 3984 |
| Message | Mr Speaker, The National Labor Front cannot support a bill that simultaneously lowers our already dreadfully low corporate tax rates while allowing foreign investors into our nations markets. A bill like this simply allows other nations' monied interests to make successful investments hear easily while contributing nothing to our actual society. We heavily urge the currently ruling parties to reconsider all 'Yay' votes here. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 458 | ||||
| no | Total Seats: 0 | ||||
| abstain |
Total Seats: 292 |
| Random fact: "Kubrk" is a Jelbic word that has the colloquial meaning "old man" or "geezer". |
| Random quote: "The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant." - Maximilien Robespierre |