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Bill: Cabinet meeting on Tax reform
Details
Submitted by[?]: Unity Labour Party
Status[?]: defeated
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: March 4279
Description[?]:
| Recently, Malivia's economy has grown from 649 bill- 651 billion with a surplus of 5 billion dollars. It is my belief as Head of Government that we should encourage a tax system where it encourages consumers to spend and invest in order for the economy to grow. Thus, we are proposing a progressive tax for wages while slightly increasing VAT (essential goods) and decrease tax on luxury goods. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 5
Proposed: 20
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 8
Current: 0
Proposed: 15
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 50
Current: 25
Proposed: 40
Article 4
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 |
| > 250 MCR | 20% | 2,851,000,000 MCR |
| > 500 MCR | 20% | 2,851,000,000 MCR |
| > 750 MCR | 20% | 2,851,000,000 MCR |
| > 1,000 MCR | 25% | 7,127,000,000 MCR |
| > 1,500 MCR | 25% | 7,127,000,000 MCR |
| > 2,000 MCR | 25% | 7,127,000,000 MCR |
| > 2,500 MCR | 30% | 8,552,000,000 MCR |
| > 3,000 MCR | 30% | 8,552,000,000 MCR |
| > 3,500 MCR | 30% | 8,552,000,000 MCR |
| > 4,000 MCR | 30% | 8,552,000,000 MCR |
| > 4,500 MCR | 30% | 8,467,000,000 MCR |
| > 5,000 MCR | 50% | 167,879,000,000 MCR | Total | 240,488,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
| Date | 03:13:08, September 26, 2017 CET | From | Unity Labour Party | To | Debating the Cabinet meeting on Tax reform |
| Message | Recently, Malivia's economy has grown from 649 bill- 651 billion with a surplus of 5 billion dollars. It is my belief as Head of Government that we should encourage a tax system where it encourages consumers to spend and invest in order for the economy to grow. Thus, we are proposing a progressive tax for wages while slightly increasing VAT (essential goods) and decrease tax on luxury goods. In looking at wages, we believe that persons making below 800 dollars should not be taxed and that this also shows an indicator of 800 dollars being minimum wage for Malivias. Thus, the wages that are taxed are subject to change after we have our discussion. However, I am proposing these changes in the other taxes on goods and businesses. I hereby invite comments on the agenda for this meeting. |
| Date | 07:38:39, September 26, 2017 CET | From | Liberal Alliance | To | Debating the Cabinet meeting on Tax reform |
| Message | We in the Freedom Party like a tax decrease, so we support article 1 and 3, but we still won't vote yes on this bill due to article 2. Remove article 2 and you have our support. |
| Date | 08:50:43, September 26, 2017 CET | From | Fatherland Front | To | Debating the Cabinet meeting on Tax reform |
| Message | Yes after deliberation the FF approves. OOC ULP shouldn't you remove the 250, 500 and 750 brackets from taxation for the tax system to be compliable? |
| Date | 14:03:39, September 26, 2017 CET | From | Unity Labour Party | To | Debating the Cabinet meeting on Tax reform |
| Message | FFP Yes I should and I will when I create the new bill. This is to simply get the debate, the only changes that were made were for essentials, corp and luxury. i'll await WOC and PPP input |
| Date | 15:03:44, September 26, 2017 CET | From | Unity Labour Party | To | Debating the Cabinet meeting on Tax reform |
| Message | Noted TFP!! |
| Date | 15:41:07, September 26, 2017 CET | From | Fatherland Front | To | Debating the Cabinet meeting on Tax reform |
| Message | OOC ULP If you remove article 2 we are gonna project a negative balance. |
| Date | 15:47:29, September 26, 2017 CET | From | Wind of Change | To | Debating the Cabinet meeting on Tax reform |
| Message | Sorry, we can't let you pass this. Indirect taxes as the VAT or non luxury goods tax are unfair. This is a tax reform for the rich people. |
| Date | 23:45:38, September 26, 2017 CET | From | People's Progressive Party | To | Debating the Cabinet meeting on Tax reform |
| Message | we like alot of the changes but believe essential tax should not be increased. we will still support either way. |
| Date | 04:20:58, September 27, 2017 CET | From | Unity Labour Party | To | Debating the Cabinet meeting on Tax reform |
| Message | FFP I don't Plan to remove Article 2. What I'll do however is push these bills in phases |
| Date | 04:26:54, September 27, 2017 CET | From | Unity Labour Party | To | Debating the Cabinet meeting on Tax reform |
| Message | I hereby adjourn this meeting and made a final decision.I believe that out of the 13 members in cabinet, only 4 opposed the proposal specifically pertaining to essential (VAT) and luxury tax. Thus, we will move ahead with the proposal. I am simply putting this bill in voting procedure simply to have it archived but not to pass anything so vote no. |
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Voting
| Vote | Seats | ||||||
| yes | Total Seats: 0 | ||||||
| no |
Total Seats: 261 | ||||||
| abstain | Total Seats: 0 |
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