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Bill: CENTRAL Act of 4384
Details
Submitted by[?]: New Liberal Party of Hutori
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: August 4384
Description[?]:
| The Comprehensive Enterprise National Tax Reform Adjustment Legislation (CENTRAL) Act attempts to achieve comprehensive tax reform on behalf of the Hutorian people. The CENTRAL Act would: - Increase our global competitiveness by reducing corporate tax from 16 percent to 15 percent. - Increases the luxury good tax from 20 to 22 percent, in order to maintain fiscal responsibility and offset losses from a lower corporate tax rate. - Eliminate taxation on charitable donations to religious institutions. - Removes the state from the provision of cryptocurrencies, leaving their maintenance to individuals and to select private organizations. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 16
Current: 9
Proposed: 15
Article 2
Proposal[?] to change Government policy on cryptocurrency.
Old value:: Cryptocurrency is legal and regulated, the state will issue it's own cryptocurrency.
Current: The government has no policy on cryptocurrency
Proposed: Cryptocurrency is legal and regulated, select private institutions can issue cryptocurrency.
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 20
Current: 27
Proposed: 22
Article 4
Proposal[?] to change
Taxation of religious institutions.
Old value:: All religious income, despite the use, is taxed.
Current: Religions are treated as companies, and all profit is taxed, however, charitable donations are not taxed.
Proposed: Religions are treated as companies, and all profit is taxed, however, charitable donations are not taxed.
Debate
These messages have been posted to debate on this bill:
| Date | 23:32:44, April 25, 2018 CET | From | New Liberal Party of Hutori | To | Debating the CENTRAL Act of 4384 |
| Message | Mr. Speaker, It is my pleasure to introduce the New Liberals' plan for Tax Reform, a bill we are calling the "The Comprehensive Enterprise National Tax Reform Adjustment Legislation" Act or "CENTRAL Act" for short. We believe that this bill maintains support for the impoverished, while also reducing the tax burden on our nation's job creators and charitable institutions. Furthermore, it gets the government out of the cryptocurrency game. This bill DOES NOT: - Increase taxes on the poor, as it does not raise our 0 percent tax rate on essential products. - Create a national debt, as it raises taxes on luxury item purchases in order to lower taxes on corporations. This bill DOES: - Reduce the tax burden on individuals by allowing charitable donations to religious and other institutions to go untaxed, including - if I'm not mistaken - those non-profit research universities with religious ties who push forward the frontiers of science every day. - Increase Hutori's global competitiveness by keeping our tax rate squarely in the bottom 20 of all nations - Allow investors new choices in currency by removing the state monopoly on cryptocurrencies. - Promote fiscal responsibility by remaining debt neutral. We hope parties on both sides of the aisle will see benefits in this bill to all Hutorians, and look forward to a vigorous debate ahead. Russell Selwyn Lord Mayor of Sutton Leader of the New Liberal Party of Hutori |
| Date | 23:54:57, April 25, 2018 CET | From | Ultrackian Communist Party | To | Debating the CENTRAL Act of 4384 |
| Message | I will vote yes only if article 1 is removed and article 2 is changed so that the state can still issue crypto currency |
| Date | 00:51:47, April 26, 2018 CET | From | Hutori Party | To | Debating the CENTRAL Act of 4384 |
| Message | Mr Speaker, The Conservative Party fully supports these changes and will vote in favour. Pascale Rousseau Leader of the Conservative Party MP for Anslem Centre |
| Date | 01:26:08, April 26, 2018 CET | From | New Liberal Party of Hutori | To | Debating the CENTRAL Act of 4384 |
| Message | Mr. Speaker, The New Liberals are pleased with provisional support for this measure! We are unwilling to budge on the corportate tax cut but would entertain the Ultrackian Socialist leader's suggestion that we drop Article 2 on cryptocurrencies, if - and only if - my right honourable friend, the member for Anslem Centre and his Conservative Party would still support the bill without Article 2. Russell Selwyn Lord Mayor of Sutton Leader of the New Liberal Party of Hutori |
| Date | 01:50:37, April 26, 2018 CET | From | Ultrackian Communist Party | To | Debating the CENTRAL Act of 4384 |
| Message | After much descusion we will vote yes |
| Date | 01:52:54, April 26, 2018 CET | From | New Liberal Party of Hutori | To | Debating the CENTRAL Act of 4384 |
| Message | Mr. Speaker, The New Liberals are excited to hear this news from our right honourable friend Ultrackius. We will move the bill to the floor without change as approved by both the Ultrackian Socialists and the Conservative Party. Russell Selwyn Lord Mayor of Sutton Leader of the New Liberal Party of Hutori |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 355 | |||||
| no |
Total Seats: 195 | |||||
| abstain | Total Seats: 55 |
| Random fact: Once approved, players should copy Cultural Protocols into a bill in the debate section of their nation page, under the title of "OOC: Cultural Protocols". This bill should include links to the passed Cultural Protocol bill and the Moderation approval. |
| Random quote: "America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves." - Abraham Lincoln |