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Bill: Tax Assistance, eXemption, and Elimination of Strain (TAXES) Act of 4436

Details

Submitted by[?]: New Liberal Party of Hutori

Status[?]: passed

Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.

Voting deadline: June 4437

Description[?]:

Section 1: Corporate tax will be 3 percent for any company whose chief executive officer is resident in Hutori for at least 180 days. Resident status will be determined by the Ministry of Finance.

Section 2: The government will supply tax credits of 1 HLR for every 2 HLR spent by corporations on training and continuing education for their staff members.

Section 3: The government will supply tax credits of 1 HLR for every 1 HLR spent by corporations in primary, secondary, and college and university tuition assistance programs for employees and their dependents.

Section 4: The government will supply tax credits of 2 HLR for every 5 HLR spent by corporations in healthcare spending by corporations on their employees' health and welfare.

Section 5: The government will supply tax credits of 1 HLR for every 1 HLR spent by corporations in provincial and local taxes.

Section 6: This bill will only go into effect if the national corporate tax rate exceeds 5 percent. If it does not exceed 5 percent, sections 1 through 5 do not apply.

Proposals

Debate

These messages have been posted to debate on this bill:

Date12:49:44, August 09, 2018 CET
From New Liberal Party of Hutori
ToDebating the Tax Assistance, eXemption, and Elimination of Strain (TAXES) Act of 4436
MessageMr. Speaker,

We hope this bill satisfies the concerns of the Member for Acton Centre. We look forward to comment and questions, and are very happy to add additional tax credits as suggested by members of the opposition and government.

Jack Hill
Chancellor

Date18:29:37, August 09, 2018 CET
From Ultrackian Communist Party
ToDebating the Tax Assistance, eXemption, and Elimination of Strain (TAXES) Act of 4436
MessageMr speaker

Could article 1 be changed to not nullify our tax bill

Date23:21:23, August 09, 2018 CET
From New Liberal Party of Hutori
ToDebating the Tax Assistance, eXemption, and Elimination of Strain (TAXES) Act of 4436
MessageMr. Speaker,

Article 1 doesn't nullify the tax bill. It allows exemptions for truly Hutorian companies. We will basically tax those companies who want to do business in our country but not actually invest in it.

Jack Hill
Chancellor

Date23:54:42, August 09, 2018 CET
From New Liberal Party of Hutori
ToDebating the Tax Assistance, eXemption, and Elimination of Strain (TAXES) Act of 4436
MessageMr. Speaker,

As the opposition has chosen not to weigh in on this bill and the USPH corporate tax increase seems likely to pass, we will bring this bill to a vote so as not to have any time of higher tax rates for the companies described in Article 1.

Jack Hill
MP for Wrightstown Centre
Chancellor of Hutori

Date23:57:56, August 09, 2018 CET
From New Liberal Party of Hutori
ToDebating the Tax Assistance, eXemption, and Elimination of Strain (TAXES) Act of 4436
MessageOOC: So IRL, this bill would mean that Canada would tax Nike at 20 percent, but Roots at 3 percent. Nike could then get tax credits for paying for employee's kids to go to college, for paying for healthcare, and get to offset all provincial taxes. AND if the tax rate goes below 5 percent again (and it surely will) then the whole thing becomes null and void.

Date03:04:23, August 10, 2018 CET
From Liberal Party of Hutori
ToDebating the Tax Assistance, eXemption, and Elimination of Strain (TAXES) Act of 4436
MessageMr. Speaker

While we disagree with the Corporate Tax increase which made this Bill necessary we appreciate that the Chancellor and his Party are trying to reestablish business confidence in Hutori which we appreciate.

Rose McHale
Shadow Minister of Trade & Industry
MP for Bekenial Riverside

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Voting

Vote Seats
yes
      

Total Seats: 241

no
 

Total Seats: 68

abstain
 

Total Seats: 96


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