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Bill: tax percentage of corporations: 65%
Details
Submitted by[?]: Debtors Party
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: March 4329
Description[?]:
I believe that the total tax burden of corporations shall be set to 65 not 20. Even though many people would see the tax burden of stocks set to 15% I believe that the current government taxes businesses a lot more than stock taxes (adding to something along the lines of a 50% taxation). I however believe that if we reach a little bit more we can obtain taxes similar to that of highly developed Socialist countries |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 20
Current: 9
Proposed: 80
Debate
These messages have been posted to debate on this bill:
Date | 05:11:25, January 05, 2018 CET | From | Debtors Party | To | Debating the tax percentage of corporations: 65% |
Message | *80% not 65% |
Date | 05:13:11, January 05, 2018 CET | From | Debtors Party | To | Debating the tax percentage of corporations: 65% |
Message | some people may believe that this percentage is too high but keep in mind that the tax code allows for certain expenditures such as land and labor to be considered before the tax comes into effect, so in reality this is still kept at a very acceptable rate of return |
Date | 20:52:24, January 05, 2018 CET | From | Liberal Party of Hutori | To | Debating the tax percentage of corporations: 65% |
Message | Mdm Speaker This is a highly destructive policy that will destroy Hutorian competitiveness as a place to do business. Despite the increased revenue we are adamantly against. Kayla Wright Minister of Finance |
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Voting
Vote | Seats | ||||
yes |
Total Seats: 0 | ||||
no |
Total Seats: 605 | ||||
abstain | Total Seats: 0 |
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