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Bill: Corporate tax reduction
Details
Submitted by[?]: Ein Hunain 🧭
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 5119
Description[?]:
Due to our budget cuts we can now reduce our corporate tax rate. We have the funds to completely remove it and still retain our surplus. Instead of completely removing it however we want to decrease it by 8 percentage points. That way we will see more capital circulation which will increase domestic investment and reduce unemployment. This is the first step in the plan to reorganize our tax system. We will also propose a reduction in the sales tax which will help poor families who are struggling. - Ministry of finance, Joanne Temple (DR-R) |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 20
Current: 20
Proposed: 12
Debate
These messages have been posted to debate on this bill:
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Vote | Seats | |||||
yes |
Total Seats: 180 | |||||
no | Total Seats: 78 | |||||
abstain | Total Seats: 42 |
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