Bill: Rejected Chestshop Tax Vibes Act

[HKE101]

A

BILL

TO


Fix the current Economic Crisis​

The people of Democracy Craft, through their elected Representatives in the Congress and the force of law ordained to that Congress by the people through the constitution, do hereby enact the following provisions into law:

1 - Short Title and Enactment
(1) This Act may be cited as the “Chestshop Tax Vibes”.
(2) This Act shall be enacted immediately upon its signage.
(3) This Act is proposed by Representative Hong_Kong_101
(4) This Act is co-sponsored by Senator Milqy
(5) This Act was drafted by Senator Milqy

2 - Reasons
(1) Currently banks are a tax haven for large businesses, allowing them to collect large amounts of funds, and never be taxed on them.
(2) This will allow these companies to still retain untaxed funds in banks, but be taxed on the profits that they make through the sales of items in their stores.

3 - Section 1: Chest Shop Tax
(1) Starting at the acceptance of this bill, the government shall implement a 1% tax on every chest shop sale that occurs.
(a) This tax can be changed and amended by the Commonwealth Reserve Board as they see fit.
(2) The tax from this chest shop tax bill will go to the DCGovernment account.

1. [11:46 AM]

 

[End]

Why not implement a tax at point of sale? We can do that through the plugin.

 

[HKE101]

Please contact Milqy for suggestions, since they wrote the bill.