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Bill: Corporate & VAT Increase 4380

Details

Submitted by^[?]: 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: April 4381

Description^[?]:

A bill to raise corporation tax to 25% and the basic rate of VAT to 21%

Proposals

Article 1

Proposal^[?] to change Tax percentage of the profit made by corporations.


Old value:: 23

Current: 18

Proposed: 25

Article 2

Proposal^[?] to change Sales tax on luxury goods.


Old value:: 20

Current: 15

Proposed: 21

Debate

These messages have been posted to debate on this bill:

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Voting

Vote	Seats
yes	Hosian People’s Party (171) Soul & Spirit (94) Co-operative Party (61) Labour Party (60) National Movement (51) Communist Party (49) Social Democratic Party (0) Total Seats: 486
no	Unity (114) Total Seats: 114
abstain	Total Seats: 0

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