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Bill: Excise and Corporation Tax Amendment 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: July 4288
Description[?]:
| As minister of Finance i think this is the best course of action to kick start the economy after the turmoil the previous government have us in with a 35 billion deficit which was reduced by 7 billion since we took office and replace that incompetent government as they created a deficit of 42 billion and now have us also with a debt of 59 billion dollars. Mr Speaker the debt of 65 billion is calculated as follows. Since it's 5 real days ago the then government passed some new tax codes that resulted in us having a 42 billion deficit which is now 35 billion, we then suggest that the deficit + 24 months = debt since govt pays interest of lowest 1% on loans as we had to borrow to cover expenses as we had/ have no surplus 5 real days =2.6 game days(30 months). thus deficit + months loan not repayed (30 months/30%) ( 35 bill+30 bill)=65 Bill |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 40
Current: 5
Proposed: 27
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 15
Current: 25
Proposed: 36
Debate
These messages have been posted to debate on this bill:
| Date | 20:45:02, October 15, 2017 CET | From | Unity Labour Party | To | Debating the Excise and Corporation Tax Amendment Act |
| Message | i hope this bill passes so that we have less corp tax that will encourage investment and increased employment to stir economic activity along with increased excise taxes to lessen the deficit also |
| Date | 08:04:19, October 16, 2017 CET | From | Wind of Change | To | Debating the Excise and Corporation Tax Amendment Act |
| Message | It should be higher but OK |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 114 | |||
| no | Total Seats: 81 | |||
| abstain | Total Seats: 0 |
| Random fact: Particracy does not allow real-life fictional references (eg. Gandalf, Harry Potter, Luke Skywalker). |
| Random quote: "Every month we do not have an economic recovery package, 500 million Americans lose their jobs." - Nancy Pelosi |