That is an OOC thread. This thread is used for IC actions that take place inside the chamber. Members can whisper, debate, and anything else IC.
Advertisement
by Martune » Mon Jul 08, 2019 10:39 am
by Vienna Eliot » Mon Jul 08, 2019 10:40 am
by The Archipelago Territory » Mon Jul 08, 2019 11:00 am
by Martune » Mon Jul 08, 2019 11:02 am
The Archipelago Territory wrote:Austin sees the speaker leave and runs to the chamber.
“Order, order! I will preside as Acting speaker until someone else would like to take on the role”
by The Archipelago Territory » Mon Jul 08, 2019 11:02 am
by Lamaredia » Mon Jul 08, 2019 11:04 am
The Archipelago Territory wrote:Austin sees the speaker leave and runs to the chamber.
“Order, order! I will preside as Acting speaker until someone else would like to take on the role”
by The Archipelago Territory » Mon Jul 08, 2019 11:05 am
by Lamaredia » Mon Jul 08, 2019 11:11 am
Rational Taxation Scheme Act
Author: Marius Forsman (C-P)
Sponsors: Viktoria Ljungstrand (SLP:R), Lisa Forss (GR), James Penta (GR)
To improve on the system of taxation in Saint Hilda, for the betterment, prosperity, and liberty, for all.
BE IT THEREFORE ENACTED, as follows:
§1 - Amendments
- All existing taxes imposed on Saint Hilda previous to independence shall be abolished.
§2 - Definitions
- Monetary values should be taken as USD, or their equivalent value in any local currency.
- Income, for the sake of corporate taxation, shall be considered as net profit after expenses.
§3 - Income Tax
- There shall be a progressive income tax, including a negative income credit model.
- The tax exemption cutoff shall be at $15,000.
- The income subsidy rate shall be 75%.
- The tax rate for income from $15,000 to $30,000 shall be 20%.
- The tax rate for income from $30,001 to $50,000 shall be 25%.
- The tax rate for income from $50,001 to $100,000 shall be 30%.
- The tax rate for income from $100,000 upwards shall be 40%.
- Income for the sake of this tax includes that of capital gains made from sales during that year.
§4 - Corporate Tax
- The income of corporations shall be taxed at a rate of 40%.
- Corporations with a total income of less than $200,000 shall receive a tax rate reduction of 10%.
- Corporations which move to relying entirely on sustainably generated electricity shall receive a five year tax rate reduction of 10%.
- Corporations which increase their number of employees by at least 50% shall receive a five year tax rate reduction of 10%.
§5 - Excises and Duties
- There shall be a per-unit excise on tobacco products, of $20.
- There shall be a per-unit excise on alcoholic products, of $10.
§6 - Absentee Property Tax
- Residential properties that are uninhabited for more than one half of a year in total shall be subject to a tax of 20% of property value for that year.
- Commercial or industrial properties that are not utilized or rented by owners for more than one half of a year in total shall be subject to a tax of 20% of property value for that year.
- In such cases where properties are shown to be unfit for habitation or use for the aforementioned periods, no such tax shall apply.
§7 - Office of Taxation
- There shall be established an Office of Taxation, with responsibility to organize and enforce the taxes of Saint Hilda.
- The Office of Taxation shall be lead by a Director, appointed by the Cabinet Minister assigned to the responsibility of finances.
- The Office of Taxation shall have the right to hire employees and enter into contracts, and occupy and rent office spaces, independently. The government of Saint Hilda is responsible for accrued expenses.
by Zurkerx » Mon Jul 08, 2019 11:14 am
by New Lindale » Mon Jul 08, 2019 11:23 am
Zurkerx wrote:Jonathon stands up.
"The Country is in desperate need of a tax code. While I have some qualms with the current bill, it is vital we set up a tax system. From there, we can change the system."
by Nova Anglicana » Mon Jul 08, 2019 11:24 am
Zurkerx wrote:Jonathon stands up.
"The Country is in desperate need of a tax code. While I have some qualms with the current bill, it is vital we set up a tax system. From there, we can change the system."
by New Lindale » Mon Jul 08, 2019 11:32 am
by Lysone » Mon Jul 08, 2019 11:35 am
by The Archipelago Territory » Mon Jul 08, 2019 11:37 am
New Lindale wrote:As for I have mentioned previously, I have quite a few problems with this bill, and it is primarily we do not have any data regarding what the income rates of the citizens are. Also, I would like to point out several other issues with the bill in its entirety. Aside from my opinion of the corporate tax rate should at least start at 25%, there are several other policies that are not specific, therefore making it difficult to determine where one would be applied.
To begin with, what makes one eligible to the subsidy, there are no indicators to this allocation. For corporate taxes, what is the starting period of said tax breaks? When the business begins the practice, or when this bill is passed? On the duty on tobacco and alcohol, what is the unit that will determine the initial total duty, and if the rates are determined by local governments, under what jurisdiction? And finally, what occurs in this scenario:
If a person has a home that is severely damaged for more than a year, and they must live somewhere else temporarily, would said person be taxed even if his home is being repaired during this period?
by The Archipelago Territory » Mon Jul 08, 2019 11:38 am
Lysone wrote:"Has this government, in its first piece of legislation, decided it is too lazy to come up with a tax code it actually supports? Or is it really just happy to trade off any beliefs it may have in return for the Centre-Progressive votes it needs to stay in office?"
by Kowani » Mon Jul 08, 2019 11:39 am
Lysone wrote:"Has this government, in its first piece of legislation, decided it is too lazy to come up with a tax code it actually supports? Or is it really just happy to trade off any beliefs it may have in return for the Centre-Progressive votes it needs to stay in office?"
by Agarntrop » Mon Jul 08, 2019 11:46 am
by Zurkerx » Mon Jul 08, 2019 11:47 am
New Lindale wrote:Zurkerx wrote:Jonathon stands up.
"The Country is in desperate need of a tax code. While I have some qualms with the current bill, it is vital we set up a tax system. From there, we can change the system."
So are you saying we have to pass the bill now and fix it later? I find that extremely problematic. Although I agree a tax system is necessary, we cannot just pass it on this basis. As you mentioned, you have qualms, and looking back there are quite a few individuals with issues with this bill.
by Lamaredia » Mon Jul 08, 2019 11:52 am
by The Archipelago Territory » Mon Jul 08, 2019 12:01 pm
Agarntrop wrote:"I would like to ask the acting speaker where and how we can propose amendments to this bill"
by Lamaredia » Mon Jul 08, 2019 12:12 pm
Agarntrop wrote:"I would like to ask the acting speaker where and how we can propose amendments to this bill"
by Lysone » Mon Jul 08, 2019 12:23 pm
Kowani wrote:Lysone wrote:"Has this government, in its first piece of legislation, decided it is too lazy to come up with a tax code it actually supports? Or is it really just happy to trade off any beliefs it may have in return for the Centre-Progressive votes it needs to stay in office?"
“I believe it is less about laziness and more about lack of funds. Nothing runs without money.”
by The Archipelago Territory » Mon Jul 08, 2019 12:37 pm
Lysone wrote:Kowani wrote:“I believe it is less about laziness and more about lack of funds. Nothing runs without money.”
"If the government doesn't like the proposed tax code, it is capable of writing another one that allows it to raise revenue. It is choosing not to do this, and openly admitting to voting for legislation it doesn't support, because its members are willing to entirely forget their beliefs for the sole purpose of staying in office."
by Lysone » Mon Jul 08, 2019 12:42 pm
The Archipelago Territory wrote:“Is that not how politics works?”
by The Archipelago Territory » Mon Jul 08, 2019 12:47 pm
Advertisement
Return to Portal to the Multiverse
Users browsing this forum: Dragos Bee, Honghai
Advertisement