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by Lamaredia » Sun Oct 20, 2013 11:03 am
by The Licentian Isles » Sun Oct 20, 2013 11:09 am
by Neo Rome Republic » Sun Oct 20, 2013 11:10 am
by Kamchastkia » Sun Oct 20, 2013 11:17 am
by Britanno » Sun Oct 20, 2013 11:23 am
by New Waterford » Sun Oct 20, 2013 11:28 am
by Next Washington » Sun Oct 20, 2013 11:43 am
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by The Nihilistic view » Sun Oct 20, 2013 11:44 am
Senate President pro Tempore wrote:Ainin wrote:I am invoking Clause 3.5 of the Proper Procedure and Unacceptable Behavior Act to request you withdraw your statements as per the following request by the Senate Secretary:
This remains in force upon Senator Boris Johnson, a withdrawal will remain sufficient.
by Mkuki » Sun Oct 20, 2013 11:48 am
John Rawls wrote:In justice as fairness, the concept of right is prior to that of the good.
by East Ormania » Sun Oct 20, 2013 11:59 am
by NSG Senate Administrators » Sun Oct 20, 2013 12:16 pm
The Nihilistic view wrote:Senate President pro Tempore wrote:
This remains in force upon Senator Boris Johnson, a withdrawal will remain sufficient.
And the link to the law that outlaws comment on a bill at vote that would make it an irregularity in debate or procedure is?
I have looked through the archives and can't find one. When there seems to be no official procedures bill passed then nothing can be an irregularity.
OFFICIAL NSG SENATE ADMINISTRATOR WARNING | Corresponding Party: Nihilistic View | Enforcing Administrator: Venaleria
You are hereby WARNED for disobeying admin enforced RP restrictions on the usage of comments in the senate chamber despite repeated attempts by several senators and RP officials to discontinue such actions. These requests have ultimately gone ignored in order to express discontent with this decision. As this is an admin ruling, bills or other articles created with the RP idea shall be disregarded.
Disclaimer: This decision is that solely of the NSG Senate Administrators, and its implications fall only within this RP. This decision does not reflect any stated opinion of the NS Moderation staff.
by HumanSanity » Sun Oct 20, 2013 12:26 pm
Sandaoguo wrote:HS is worth 100 times more than the insubstantial (to borderline non-existent) benefits the TNP-TSP “alliance” has created over the last several years.
by Battlion » Sun Oct 20, 2013 12:35 pm
Venaleria wrote:The vote has officially started on Miscellaneous Section B. Please cast your votes accordingly.
Just a quick reminder of no discussion whatsoever throughout the voting period unless it is an urgent, logistical point. Otherwise, go to the lobby.
by Skeckoa » Sun Oct 20, 2013 12:41 pm
by Cadicarrech » Sun Oct 20, 2013 12:57 pm
Economic: 2.88 Social: 0.00 |
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by Corenea » Sun Oct 20, 2013 1:05 pm
by Ainin » Sun Oct 20, 2013 1:31 pm
FOREWORD
Tabled by: The Hon Johnathan Kolen, Minister of Finance | With Contributions from: The Government of Aurentina and collaborators | SIMBEDS: Business and Finance | Urgency: Paramount
Sponsors: Alexander Ainin [NDP], James Brit [NDP], Branko Aleksic [RefP], Wulukuno Porunalakai [NDP], Max Roman [NDP], Jerry LeRow [NDP]
Honourable Senators of the Aurentine Commonwealth,
It is my great pleasure today to present to you Aurentina's 2013 Budget and Spending Plans, created through a multipartisan and cooperative atmosphere within the span of three governments, Our budget, built through compromise and negotiation, is a layout to increase social justice for all Aurentines. A truly progressive system the people can believe in and support, this work was created after months of negotiations between all sides.
With this said, I move to bring the Business and Finance SIMBEDS Category to the top of the queue.
The National Tax Act is struck out and rendered null and void.
VALUE-ADDED TAX
Essential Goods and Services, defined as basic groceries, prescription drugs, tuition fees, public transportation fares, housing (both purchases and rent) and medical devices and services shall not be taxed.
Basic Grocery is defined as fresh, frozen, canned and vacuum sealed fruits and vegetables, breakfast cereals, most milk products, fresh meat, poultry, grain products and fish, with further clarity to be affirmed by the Ministry of Commerce.
Prescription drug is defined as a drug prescribed by a licensed physician acting in official capabilities.
Tuition fee is defined as the cost of attending a pre-elementary, elementary, secondary, tertiary or other licensed educational facility.
Public transportation fare is defined as the charged price for using a bus, train, metro, tramway, LRT or minibus owned by a public transportation commission approved by the Transportation Ministry.
Medical service and device is defined as a healthcare-related expenditure or good, to be further defined by the Ministry of Health.
Secondary Goods and Services, defined as foodstuffs not included in "basic groceries" or "restricted products", street clothing, all consumer-targeted forms of gas and oil for commercial and fleet driving, electronics, entertainment devices, media and all other consumer-oriented products not covered by other categories, are taxed at 10% of selling price.
Gas and oil is defined as products obtainable at a standard gas station (petrol, diesel, etc.), natural gas, heating oil and cooking oil.
Street clothing is defined as clothing destined for everyday life.
Electronics are defined as electronic equipment intended for everyday use, most often in entertainment, communications and office productivity, and accessories thereof.
Entertainment devices are defined as machines used for consumer entertainment, and accessories thereof, to be further defined by the Ministry of Telecommunications.
Media is defined as services relating to the consumer entertainment industry, along with all forms of distribution of moving pictures, images, televised series, video, and the storage devices thereof.
Luxury Goods and Services, defined as items not needed for everyday life, such as designer clothing, jewellery, motor vehicles, hotel fees, residential property above the value of £2,000,000 and other products and services deemed so by the Ministry of the Exchequer are to be taxed at 15% of selling price.
Restricted Products, defined as firearms, explosives and pyrotechnic equipment, are to be taxed 25% of selling price.
Firearm is defined as a portable weapon releasing one or more rounds of ammunition when the trigger is pulled.
Explosive is defined as an item whose primary purpose is to cause an explosive reaction.
Pyrotechnic equipment is defined as items that cause self-sustained exothermic chemical reactions for the production of heat, light, gas, smoke and/or sound.
Recreational Drugs, defined as Category A, B and C drugs as per the Sale of Harmful Substances Act, shall be taxed 30% of selling price.
Tobacco (and products derived thereof) shall be taxed 5% of selling price, in addition to existing taxes.
CORPORATE TAX
Large businesses will get a corporation tax rate of 21% plus will have to pay a low employee tax similar to National Insurance in the UK. Newly-established businesses will have to pay less (0% Y1, 5% Y2-3, 10% Y4, 15% Y5). Small businesses and co-operatives will pay 18% corporation tax. There will be an electricity usage/pollution tax for businesses in particular, but companies that generate electricity from renewable sources will be able to claim this the other way round from the government. A fee-and-dividend scheme will be used for electricity generation, though other (now smaller) taxes will still exist for non-CO2 heavy industry pollutants/emissions.
INCOME TAX
Income Tax is set in a progressive bracket* method.
Tax brackets are the divisions at which tax rates change in a progressive tax system (or an explicitly regressive tax system, although this is much rarer). Essentially, they are the cutoff values for taxable income — income past a certain point will be taxed at a higher rate (More information)
£ 0.00-£ 15,000.00 0%
£ 15,000.00-£ 30,000.00 15.00%
£ 30,000.00-£ 40,000.00 30.00%
£ 40,000.00-£ 75,000.00 40.00%
£ 75,000.00-£ 200,000.00 45.00%
£ 200,000.00-£ 500,000.00 47.00%
£ 500,000.00-£ 1,000,000.00 50.00%
£ 1,000,000.00-£ 2,500,000.00 52%
£ 2,500,000.00+ 55%
IMPORT TARIFF
All import taxes will be as stated in the Market Protection Act.
REVENUES Personal Income: Tax Rates: Total income: Total tax revenue: £0,00-£ 15,000.00 0% 35,000,000,000.00 £15,000.00-£30,000.00 15% 55,350,000,000.00 8,302,500,000.00 £30,000.00-£40,000.00 30% 43,000,000,000.00 12,900,000,000.00 £40,000.00-£75,000.00 40% 42,000,000,000.00 16,800,000,000.00 £75,000.00-£200,000.00 45% 31,000,000,000.00 13,950,000,000.00 £200,000.00-£500,000.00 47% 23,000,000,000.00 10,810,000,000.00 £500,000.00-£1,000,000.00 50% 17,000,000,000.00 8,500,000,000.00 £1,000,000.00-£2,500,000.00 52% 16,550,000,000.00 8,606,000,000.00 +£2,500,000.00 55% 12,500,000,000.00 6,875,000,000.00 86,743,500,000.00 Corporate Income: Tax Rates: Total income: Total tax revenue: Large 21% 385,100,000,000.00 80,871,000,000.00 Small 18% 165,400,000,000.00 29,772,000,000.00 New variable 46,500,000,000.00 4,650,000,000.00 115,293,000,000.00 Value-Added Tax: Tax Rates: Total income: Total tax revenue: Secondary goods and services: 10% 202,000,000,000.00 20,200,000,000.00 Luxury goods and services: 15% 125,000,000,000.00 18,750,000,000.00 Restricted products: 25% 65,000,000,000.00 16,250,000,000.00 Recreational drugs: 30% 61,000,000,000.00 18,300,000,000.00 Tobacco: 5% 195,000,000,000.00 9,750,000,000.00 83,250,000,000.00 Revenues: Personal Income: 86,743,500,000.00 Corporate tax: 115,293,000,000.00 Value-Added tax: 83,250,000,000.00 Total tax revenue: 285,286,500,000.00 EXPENDITURES Department % of total expenditure Expenditure Interior 6,91 18,713,297,150.00 Foreign Affairs 0,18 513,515,700.00 Finance and the Treasury 0,07 199,700,550.00 Justice 4,21 16,024,036,900.00 Defence 5,14 14,663,726,100.00 Health 21,03 61,995,750,950.00 Education 17,73 47,581,296,450.00 Environment 0,71 2,025,534,150.00 Energy 5,32 15,177,241,800.00 Infrastructure and Transportation 8,89 24,354,483,600.00 Culture and Sports 0,53 1,512,018,450.00 Research and Astronomy 3,52 10,049,571,050.00 Labour 23,08 65,859,177,600.00 Telecommunications 0,82 2,339,349,300.00 Business Safety 0,07 199,700,550.00 International Development 1,78 4,078,099,700.00 Total expenditures: 100 285,286,500,000.00
by Senate President pro Tempore » Sun Oct 20, 2013 1:40 pm
by Venaleria » Sun Oct 20, 2013 1:42 pm
Senate President pro Tempore wrote:If the motion is approved I intend to have B&F A (all the other bills bar budget) voted on, then B&F B (Budget) and then returning back to Misc.
Although, not sure why we can't wait for Misc to finish considering we've one more section after this vote?
- Battlion
by Battlion » Sun Oct 20, 2013 1:43 pm
Venaleria wrote:Senate President pro Tempore wrote:If the motion is approved I intend to have B&F A (all the other bills bar budget) voted on, then B&F B (Budget) and then returning back to Misc.
Although, not sure why we can't wait for Misc to finish considering we've one more section after this vote?
- Battlion
If the motion passes, then your first method would be accurate and would by law, have to go through.
But if it doesn't your second would.
No more comments on this in the chamber please, with the exception of Battlion, Ainin, and me.
by New Zepuha » Sun Oct 20, 2013 2:33 pm
[13:31] <Koyro> I want to be cremated, my ashes put into a howitzer shell and fired at the White House.
by Phocidaea » Sun Oct 20, 2013 2:36 pm
by Fulflood » Sun Oct 20, 2013 2:51 pm
Straight male British apatheist pacifist environmentalist social liberal
by Lamaredia » Sun Oct 20, 2013 3:23 pm
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