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Bill: Economic Reform Law
Details
Submitted by[?]: Qayimat al-Wifaq al-Watanii
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: February 4881
Description[?]:
X |
Proposals
Article 1
Proposal[?] to change Central Bank oversight and regulation (if a central bank exists)
Old value:: The central bank is underneath the direct oversight of the Ministry of Finance.
Current: The government appoints the head of the central bank and an executive board to manage the central bank and can interfere with its operations.
Proposed: The central bank is underneath the direct oversight of the head of state.
Article 2
Proposal[?] to change Collective bargaining
Old value:: Only public sector employees have the right to collectively bargain
Current: Public and private sector employees have the right to collectively bargain
Proposed: Public and private sector employees have the right to collectively bargain
Article 3
Proposal[?] to change Policy on the charging and collection of interest on loans
Old value:: Charging interest on loans is illegal
Current: Banks and financial institutions charge interest on loans and are regulated
Proposed: Charging interest on loans is illegal for religious purposes
Article 4
Proposal[?] to change Energy regulation.
Old value:: Energy is provided by nationalised companies.
Current: Energy is provided by nationalised companies.
Proposed: Energy is provided by private companies but the prices they can charge are regulated.
Article 5
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The state owns the commanding heights of the economy and all major industries, but private ownership is allowed in the minor industries.
Current: Certain industries are owned by the state, all others are under private ownership.
Proposed: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Article 6
Proposal[?] to change Sales tax on luxury goods.
Old value:: 23
Current: 25
Proposed: 15
Article 7
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 9
Current: 10
Proposed: 8
Article 8
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 30
Current: 25
Proposed: 25
Article 9
Proposal[?] to change Government policy on Democratic Workers' Councils.
Old value:: Democratic Workers' Councils are not permitted to run a business.
Current: The government does not intervene in the marketplace with regards to Democratic Workers' Councils.
Proposed: The government encourages the formation of Democratic Workers' Councils through subsidies and tax exemptions.
Debate
These messages have been posted to debate on this bill:
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Vote | Seats | |
yes | Total Seats: 165 | |
no | Total Seats: 0 | |
abstain | Total Seats: 0 |
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