We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: Progressive Income 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: October 4169
Description[?]:
| The aims of objectives of this bill is to encourage real economic growth as consumers will have the purchasing power to buy goods and services as their income are taxed at a very low level ,below 10%. My party believes that the lowering of corporation tax will in return result in more production of goods at a cheaper rate this consumers will buy more and their standard of living will improve. Moreover it can push corporations to increase employment as they will hire more person's because more profits will be accumulated. Additionally the increase in both VAT tax (essential goods) and luxury goods is to provide more revenue for both the state and businesses. All this is an initiative taken in my ministry, the ministry of finance that will see the country's GDP increase from current 582 bill, which increased from 572 and 400 billion, to our projected target of 600 billion. I do hope that all political parties can support this bill as it is the key that will unlock our economic potential. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 45
Current: 5
Proposed: 35
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 10
Current: 0
Proposed: 15
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 20
Current: 25
Proposed: 35
Debate
These messages have been posted to debate on this bill:
| Date | 13:27:38, February 19, 2017 CET | From | Unity Labour Party | To | Debating the Progressive Income Tax Act |
| Message | I hereby move a motion that this bill be read title by title and passed |
| Date | 13:55:41, February 19, 2017 CET | From | Malivian People's Party | To | Debating the Progressive Income Tax Act |
| Message | The MPP hate the idea of tax on essentials goods such as food and clothing. Noone can live without food, its not an option. But as we have stated before, we have absolute confidence in your financial plan for Malivia and will continue to support your bills relating to finance. |
| Date | 14:16:53, February 19, 2017 CET | From | Unity Labour Party | To | Debating the Progressive Income Tax Act |
| Message | I understand. I guess because your party will see it as a means of preventing those who already cannot afford these essential goods will be placed further into poverty. That's why I lessen the taxes for those who receive income of less than 5K and those especially who are low income earners pay 3% tax. Also that's why I lessen corporate taxes so that the price for goods will decrease. Therefore it won't be surprising that reality,the taxes for essential goods will increase by a mere 2% given those factors. Additionally the government assist families who are poor through welfare. But I do understand your concerns. |
| Date | 14:23:37, February 19, 2017 CET | From | Unity Labour Party | To | Debating the Progressive Income Tax Act |
| Message | http://classic.particracy.net/viewvariables.php?nationid=14 Poor families are protected under welfare act. These initiatives were proposed and passed by my party during my earlier years. |
subscribe to this discussion - unsubscribe
Voting
| Vote | Seats | |||||
| yes |
Total Seats: 415 | |||||
| no | Total Seats: 0 | |||||
| abstain |
Total Seats: 285 |
| Random fact: When it comes to creating a Cultural Protocol in a Culturally Open nation, players are not necessarily required to provide a plausible backstory for how the nation's cultural background developed. However, the provision of a plausible backstory may be a factor in whether Moderation approves the Cultural Protocol if players in surrounding nations question its appropriateness for their region of the game map. |
| Random quote: "If we were to wake up some morning and find that everyone was the same race, creed and color, we would find some other causes for prejudice by noon." - George Aiken |