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Bill: VAT Abolition Act 4987
Details
Submitted by[?]: White Rose
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 4988
Description[?]:
| An Act to abolish the essential rate whilst uplifting the luxuries rate. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 2
Current: 6
Proposed: 0
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 8
Current: 21
Proposed: 20
Debate
These messages have been posted to debate on this bill:
| Date | 19:08:52, August 25, 2021 CET | From | Liberal Party | To | Debating the VAT Abolition Act 4987 |
| Message | Mr. Speaker, The Liberal Party is against this legislation. This will put a heavy weight on those businesses which sell these "luxury goods" while those who can afford them will be deprived of their hard-earned money. The government should instead encourage the creation of new businesses. Simon Sambrook, MP. |
| Date | 22:34:40, August 25, 2021 CET | From | White Rose | To | Debating the VAT Abolition Act 4987 |
| Message | Mr Speaker, The former Prime Minister is wrong in his argument and assessment. This will not impact businesses as it will mean 3 things: the cost of a good goes up with no impact on the business directly, the abolition of the essential rate will free up more disposable income for families, and those who can afford luxuries en masse, can afford 12%. We will encourage new businesses with the Corporation Tax cut. Duke Michael Weston |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 197 | ||||||
| no | Total Seats: 103 | ||||||
| abstain | Total Seats: 0 |
| Random fact: "Kubrk" is a Jelbic word that has the colloquial meaning "old man" or "geezer". |
| Random quote: "In politics, madame, you need two things: friends, but above all an enemy." - Brian Mulroney |