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Bill: Corporate Taxation Reduction Act 4482
Details
Submitted by[?]: Hutori 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: September 4482
Description[?]:
| This act shall reduce the corporate tax rate from 30% to 10% |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 30
Current: 9
Proposed: 10
Debate
These messages have been posted to debate on this bill:
| Date | 15:31:00, November 08, 2018 CET | From | Hutori Party | To | Debating the Corporate Taxation Reduction Act 4482 |
| Message | Mr Speaker, Hutori is in a great fiscal position due to our current budget surplus of more than 34 billion Lira. Unfortunately, that surplus has been built by over taxing corporations for a very long time. We could completely eliminate the corporate tax and still have a surplus in our budget. However, we are not asking for a complete abolition of the corporate tax, we are simply asking for a massive reduction to bring Hutori back to being a business friendly nation. With this high of a tax rate, we have seen corporations leave Hutori, or raise the prices of goods and/or reduce the wages of their employees. After passage of this bill, we will still hold a surplus of more than 14 billion Lira, which is still a fantastic surplus which will still allow us from time to time to make strategic investments in the things that matter most to Hutorians. We hope our coalition partners and all parties in this house can support this measure. Zachary Houston MP for Glentingham Centre Minister of Finance |
| Date | 17:14:32, November 08, 2018 CET | From | Ultrackian Communist Party | To | Debating the Corporate Taxation Reduction Act 4482 |
| Message | Mr. speaker By bringing this bill to vote the party opposite has shown once again that they care only far there bourgeoisie masters and not for the working Hutorian, although I don’t believe much new information has come from this, as they have shown the same thing time and time again without thought or care for the proletariat. Altarius Smith, Head of the USPH |
| Date | 17:58:35, November 08, 2018 CET | From | Hutori Party | To | Debating the Corporate Taxation Reduction Act 4482 |
| Message | Mr Speaker, By reducing corporate taxation, we give hutorian businesses the ability to grow, and attract foreign companies to do business here. This in turn creates good jobs for the Hutorian people. What does the member opposite not understand about that? Hon. Zachary Houston MP for Glentingham Centre Minister of Finance |
| Date | 00:36:53, November 09, 2018 CET | From | Sutton Nationalist Party | Labour Party | To | Debating the Corporate Taxation Reduction Act 4482 |
| Message | Mr Speaker, Per the Crown Dependency treaty, the SNP generally abstains from taxation policy matters unless we have caucused with a party that requires it as part of the caucus agreement. We will be abstaining on this bill until further notice. However, if a vote on this bill is required to finally provide Sutton with its own budget as required by the Crown Dependency treaty, we will take a stand. Andrew Macalester Foreign Minister Grand Representative MP and MC for Sutton |
| Date | 17:57:33, November 09, 2018 CET | From | Sutton Nationalist Party | Labour Party | To | Debating the Corporate Taxation Reduction Act 4482 |
| Message | Mr Speaker, We have reached out to the Prime Minister and offered our support on this bill, if he promises a new budget for Sutton. Should he fail to do so, we will renege our support. We believe in our friend the Prime Minister, and see no reason why we would have to take such drastic measures. Andrew Macalester Foreign Minister Grand Representative MP and MC for Sutton |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 96 | |||
| no | Total Seats: 68 | |||
| abstain | Total Seats: 41 |
| Random fact: Did you know you can change the official name of your nation? All you need to do is draw up a new name that is in accordance with the Nation Renaming Guide, pass a bill proposing the name change with a two-thirds majority and then post a request to Moderation on the "Renaming Requests" thread. You can change city and region names in this way too. |
| Random quote: "What we are doing to the forests of the world is but a mirror reflection of what we are doing to ourselves and to one another." - Gandhi |