Building Bridges

## Bulding Bridges

Building Bridges is a governmental coalition between For a better Tomorrow , Liberal Democratic Union , Liberal Nyrmod Nationalism and Liberal Unitarist Party. It was formed to form the first government in Nyrmod.

The coalition does not have a specific ideology, however it is known that the party is pro-European, unlike its rival - Alternative for Nyrmod.

The coalition has a majority in both National Assembly and Senate, with around 60% seats in both.

The coalition agrees on Nyrmodian membership of EU, though some oppose joining NATO. All 6 parties agree on same sex marriage, abortion, green energy, etc.

The coalition currently does not have a official HQ, however it could be said that it has offices in capital Eridu, Ahiyawa, Harrapa and Corinth.

Building Bridges was de facto abolished on 06.05.2021 after a new government was formed.

## BILLS PASSED

* Central Bank Creation Act
* Nyrmod Research Centre Act
* Ministerial Reform
* Help Thy Neighbor Act
* Judicial Conduct and Civil Procedure Act
* Equalities Act
* Nationwide Ban on Automatic Weapons Act
* Rules for the National Assembly of Nyrmod
* House Rules Amendment
* Pension System Act
* Firefighters Act
* Fracking Ban Act
* Sovereign Wealth Fund
* Police Act
* Free Healthcare Act
* Education Act
* Fishing Regulations Act
* Gender Reassignment Act
* Nyrmod Nationalization Act (Vetoed in Favor of the Green Nationalization Act)

## Taxes and Fiscal Policy of Building Bridges

### The Budget

50 Billion NYK

* 15 billion NYK: Ministry of Home Affairs and Health (30%)
* 9 billion NYK: Ministry of Environment, Energy and Agriculture (18%)
* 7 billion NYK: Ministry of Education, Research and Digitalization (14%)
* 5 billion NYK: Ministry of Economic Affairs and Labour (10 %)
* 4 billion NYK: Ministry of Transport, Infrastructure and Tourism (8%)
* 2 billion NYK: Ministry of Defense and Civil Protection (4%)
* 1 billion NYK: Ministry of Justice (2%)
* 1 billion NYK: Ministry of Foreign Affairs and Trade (2%)
* 6 billion NYK: National Reserves (12%)

### Taxes

#### Income Taxes

* >195,000NYK Per Year-0%
* Between 195,000-5,000,000NYK Per Year-20%
* <5,000,000NYK Per Year-35%

#### Value Added Taxes

* 15% VAT on all Non-Essential Goods
* 5% VAT on all Essential Goods (Food, Water, Pharmaceuticals)

#### Corporation Tax

* Local Businesses-8%
* Medium Businesses-12%
* Large and International Business-20%

#### Exceptions

* Local Businesses may be exempt from corporation tax with the following restrictions:
* The money must be invested back into the Business as a whole;
* A medium sized businesses tax rate may be lowered to 6%, with the same restrictions as applies to section 7
* A Large or International businesses tax rate may be lowered to 10%, with the same restrictions contained within section 7.
* A medium sized business must invest no less than 25% of the money saved into its employees.
* A Large or International Corporation must invest no less than 50% of the money saved into its employees.
* Buybacks with the saved funds are strictly prohibited;
* Any Corporation found to be in contravention of s6 shall be liable for the full rate of corporation tax and shall be prohibited from utilizing this section permanently.