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Nº30
SENSIBLE TAXATION ACT
PROPOSAL BY:
Vice Consulate-General Francis Augustine Erama
The Metadynamist Forum of City 24 - Regional Branch
DATE:
18/10/2021
OBJECTIVE / PREAMBLE Under Metadynamist doctrine, the State is not funded by collectivistic draining of the working class, but by its own activity. In this light, Legislation Nº30 seeks to bring common sense tax reform to Industrial 24 and, hopefully, City 24. For the good of the city, as well as its further economic development, it is imperative that the currently stagnant tax laws be immediately subject to revision and further correction. It is thus in the interest of both the business owner and the citizen to significantly lower sales tax. |
ARTICLE I> §1. Upon passing this bill, the Civil Administration and its underlying Ministries and Unions will take the steps to revise the existing set sales tax, lowering it to a preferable 5%. This is mainly reflected on establishments that make use of the POS device. §2. The Civil Administration and its underlying Ministries and Unions will take the steps to change the set credit transfer tax to 5%. This is mainly reflected for professional credit transfers done via Civil Terminal between two parties. |
ARTICLE II> §1. The Consular-Presidium, in conjunction with the Department of Business and Central Reserve Firm, will take steps to revise the current policies regarding the current rent rates on permits, with the goal of lowering them to at least half of their standing amount across the board. |
THIS ACT SHALL IMMEDIATELY TAKE EFFECT UPON PASSAGE
Signed dutifully by
Signed dutifully by
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