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Bill: Corporate Taxation Act
Details
Submitted by[?]: Civic Republican League of Rutania
Status[?]: defeated
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 4187
Description[?]:
| ... |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 26
Proposed: 5
Debate
These messages have been posted to debate on this bill:
| Date | 03:27:15, March 28, 2017 CET | From | Rutania Party | To | Debating the Corporate Taxation Act |
| Message | Czeslaw Martin, RP: "The RP wishes to know the CLR's reason for raising corps rate tax. Is not the low tax causing shops to come and set up shop in Rutaina?" |
| Date | 04:26:10, March 28, 2017 CET | From | Civic Republican League of Rutania | To | Debating the Corporate Taxation Act |
| Message | "Yes, zero corporate taxes might attract foreign businesses, but where does Mr. Martin think all of those wonderful profits are going? They're not staying in Rutania, we can assure you. We are essentially letting a bunch of foreign businesses invade, exploit our infrastructure and steal our resources, and then send their stolen goods back to company HQ in Luthori or Beluzia. Moreover, no corporate taxes mean our wealthiest citizens can avoid paying their fair share indefinitely, as they can spirit away all of their earnings in their companies and avoid paying personal income tax. A 5% corporate tax rate is modest and more than reasonable, the vast majority of countries around the world have corporate taxes at 10% or above." --St. John Appleby, chief CRL economic spokesman |
| Date | 04:45:15, March 28, 2017 CET | From | Rutania Party | To | Debating the Corporate Taxation Act |
| Message | Czeslaw Martin, RP: "The RP agrees that that Mr. Appleby makes of fair points. However the RP will abstain on any action towards this bill for the time being." |
| Date | 21:46:19, March 28, 2017 CET | From | Whig Party | To | Debating the Corporate Taxation Act |
| Message | Elmer Clark, Whig Party chairman - The CRL seeks to extract wealth in anyway possible, just like their failed income tax from years ago. The businesses coming to Rutania are contributing, by providing jobs they help make Rutania a prosperous nation. The current tax policy also allows us to be one of the most attractive nations for entrepreneurs, besides the funds aren't needed, we have a budget surplus. Our current policy of no corporate tax makes Rutania a haven for social mobility if you are an entrepreneur. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 92 | |||||
| no |
Total Seats: 92 | |||||
| abstain |
Total Seats: 66 |
| Random fact: Players using inactive accounts and/or accounts from outside nations may only propose bills and/or contribute to discussions, whether IC (in-character) or OOC (out-of-character) with the general consent of the players in the nation. |
| Random quote: "Even when laws have been written down, they ought not always to remain unaltered." - Aristotle |