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Bill: SDP-140: Reintroduction of the SDP’s “Tax Reform Act”
Details
Submitted by[?]: 葵花聯盟 (Sunflower Coalition) 🌻
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 4441
Description[?]:
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Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 1
Current: 20
Proposed: 4
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 1
Current: 0
Proposed: 5
Debate
These messages have been posted to debate on this bill:
| Date | 06:03:05, August 18, 2018 CET | From | 莲花党 (Lotus Party) 🌸 | To | Debating the SDP-140: Reintroduction of the SDP’s “Tax Reform Act” |
| Message | Mr. Speaker, While our party is in favour of increases to these tax rates, the increase needs to be slower and graduated, so as not to cause unnecessary harm to our economy. Prudence is especially important considering the economic downturn in Seleya. These changes represent a 400% change to our marginal corporate tax rate and a 300% change to the luxury tax rate. Our Party will be proposing a graduated increase to these tax rates by raising each by a single percentage point for H1 and another for H2 and so on. Dr. Li Xianglin Finance Critic Lotus Party |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 458 | ||
| no |
Total Seats: 210 | ||
| abstain | Total Seats: 0 |
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