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Bill: Reforming Tax and Facilitating Investment Act
Details
Submitted by[?]: Wrnuké Staté Prta
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: August 4217
Description[?]:
| As we all know, the best tax plans are the simplest. This proposal would be both effective and fair, as the richer pay a bit more but without discouraging investment and enterprise. In eliminating corporation tax, we create the conditions for business which allow them to prosper and become the driving forces behind our economic growth. Should this legislation be successful, the Ministry of Finance will submit a spending plan for the next three years. Wim Kleinhuismink Minister of Finance |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 5
Current: 14
Proposed: 0
Article 2
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 |
| > 10,000 VAN | 25% | 218,869,000,000 VAN |
| > 25,000 VAN | 35% | 251,604,000,000 VAN |
| > 50,000 VAN | 40% | 195,384,000,000 VAN |
| > 100,000 VAN | 55% | 65,544,000,000 VAN | Total | 731,401,000,000 VAN |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes |
Total Seats: 118 | ||
| no | Total Seats: 50 | ||
| abstain | Total Seats: 57 |
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