2024 Corporate Tax Act

The 2024 Corporate Tax Act is a piece of legislation which was introduced by Chester Pansire during the silly Ministry. This act sets out taxes for businesses.
== Sections Contained Within The Bill ==
* A new progressive tax will be created for corporations in the Cool Server, divided into tax brackets: 
** Corporations earning up to £50,000 after deductions annually will be taxed 8% of their net income. 
** Corporations earning £50,000 - £200,000 after deductions annually will be taxed 20% of their net income. 
** Corporations earning £200,000 - £500,000 will be taxed 25% of their net income. 
** Corporations earning over £500,000 after deductions annually will be taxed 35% of their net income.
Category:Legislation of The Cool Server Republic