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Bill: Private Industry Taxation and Investment Proposal
Details
Submitted by[?]: We Say So! 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: July 2265
Description[?]:
| In order to stimulate economic growth in the Private sector, and bring the Country closer in line with international standards, Industrial taxation will be reduced from 40% to 12.5%. In addition, foreign investment in Private Companies will no longer come under the control of Government and investors will be allowed in invest in Nationally based companies. Private investment in Publicly owned companies, whether said investment be from National or International sources, will continue to not be allowed. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 40
Current: 14
Proposed: 12.5
Article 2
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors need to obtain government approval for all investments in national companies.
Current: Foreign investors need to obtain government approval for all investments in national companies.
Proposed: Foreign investors may freely invest in national companies.
Debate
These messages have been posted to debate on this bill:
| Date | 08:46:18, July 23, 2006 CET | From | Federalist Party | To | Debating the Private Industry Taxation and Investment Proposal |
| Message | For the time being, We think it would be more prudent to bar foreign investors from obtaining a majority share in national companies while still allowing foreign investment. |
| Date | 03:15:09, July 25, 2006 CET | From | The Parties Party | To | Debating the Private Industry Taxation and Investment Proposal |
| Message | We support this bill. However, The Parties Party considers that some strategical areas of the national economy should be protected from foreign investment. |
| Date | 16:56:39, July 26, 2006 CET | From | Social Democratic Liberal Party | To | Debating the Private Industry Taxation and Investment Proposal |
| Message | We would propose that this bill, and any others proposing such significant tax cuts, be shelved until such a time when the Likatonia/Keymon situation is resolved, especially with the proposed increase to the defence budget. |
| Date | 00:21:26, July 27, 2006 CET | From | We Say So! Party | To | Debating the Private Industry Taxation and Investment Proposal |
| Message | We will accept that, for the time being at least, this bill will not be sent to vote. |
| Date | 16:29:49, August 05, 2006 CET | From | Capitalizt Party | To | Debating the Private Industry Taxation and Investment Proposal |
| Message | Est! Est! Est! |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 230 | |||
| no | Total Seats: 131 | |||
| abstain | Total Seats: 39 |
| Random fact: Moderation will not implement nation renaming requests where the proposed name does not comply with the requirements set out in the Nation Renaming Guide: http://forum.particracy.net/viewtopic.php?f=11&t=6364 |
| Random quote: "Victory attained by violence is tantamount to a defeat, for it is momentary." - Mahatma Gandhi |