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Bill: Luxury goods Tax Act
Details
Submitted by[?]: Unity Labour 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: December 4147
Description[?]:
Mr President, Honorable members I am hereby introducing this bill as another part of my tax reform plan to drive economic growth and prosperity. As Minister of finance, I have reduced taxes on salaries across the board so as to encourage spending as consumers then will have more purchasing power and thus encouraging the rich also to invest. Hence, it lead to a reduction of revenue for the state to which an increase in taxes on luxury goods will then be a buffer to assist in creating a surplus account for the state |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 11
Current: 25
Proposed: 20
Debate
These messages have been posted to debate on this bill:
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Vote | Seats | ||
yes | Total Seats: 194 | ||
no | Total Seats: 0 | ||
abstain |
Total Seats: 0 |
Random fact: In order for a Cabinet bill to pass, more than half of the legislature must vote for it and all of the parties included in the proposed Cabinet must support it. If your nation has a Head of State who is also the Head of Government, then the party controlling this character must also vote for the bill, since the Head of Government is also a member of the Cabinet. If any of these requirements are not met, the bill will not pass. |
Random quote: "Power corrupts. Absolute power is kind of neat." - Don Reagan |