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Bill: Bill C-208: Budget 5092 - Taxation
Details
Submitted by[?]: Progressive Conservative Party of Hutori
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: June 5092
Description[?]:
| This budget will implement the following taxation changes: Luxury Goods Tax - Increase by 8%, new rate shall be 18%. Estimated revenue increase - 46.1 Billion Lira. Corporate Tax - Decrease by 13%, new rate shall be 2%. Estimated revenue loss - 13.4 Billion Lira Previous Budget Surplus: 3.7 Billion Lira Projected New Surplus: 4.4 Billion Lira |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 9
Proposed: 2
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 10
Current: 27
Proposed: 18
Debate
These messages have been posted to debate on this bill:
| Date | 23:25:28, March 20, 2022 CET | From | National Hutori Liberation Front | To | Debating the Bill C-208: Budget 5092 - Taxation |
| Message | Mr. speaker 2% corporate tax? this is insane, we aren't trying to become a tax heaven. and the increase on luxury goods will only make consumption of those goods go down, so profit will most likely be minimal. yours truly James Leader of the NHLF |
| Date | 23:29:06, March 20, 2022 CET | From | Progressive Conservative Party of Hutori | To | Debating the Bill C-208: Budget 5092 - Taxation |
| Message | Mr. Speaker, Hutori has a long history of imposing no corporate tax at all, which attracted foreign companies to set up here and create millions of good paying jobs for Hutorians. While our party wished to move to that policy, we found compromise with our government partners. And I would like to take a moment, Mr. Speaker, to thank my friends in the Liberal and Republican parties for their hard work and cooperation in crafting this budget. When parties with differing views work together, Hutorians reap the benefits. Hon. Alexander Houston MP for Glentingham East Minister of Finance |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 131 | |||||
| no | Total Seats: 74 | |||||
| abstain |
Total Seats: 0 |
| Random fact: After 3 days (72 hours) your account will be inactivated by Moderation. If you want to be reactivated you can request reactivation located here: http://forum.particracy.net/viewtopic.php?f=11&t=4360 |
| Random quote: "Liberty means responsibility. That is why most men dread it." - George Bernard Shaw |