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Tuesday, November 23, 2004

Proposal: Proposal: No Tax Evasion [Trivial]

If there is a Budget rule,

  • In the Budget rule, Change:

    At any time, a Lord may transfer as much of the Budget he controls to any other Lord.

    to

    At any time, a Lord may transfer as much of the Budget he controls to any other Lord, provided that the value transferred is not potentially taxable by the Chancellor of the Exchequer.

  • In the Cabinet rule, change

    Within the period of 24 hours after a Lord’s Budget was increased, if that increase was not consequence of a transfer from other Lord, the Chancellor of the Exchequer may transfer to himself, to the Prime Minister or to the High Lord, from the Lord whose budget was increased up to 10% of that increase.

    to

    Within the period of 24 hours after a Lord’s Budget was increased, if that increase was not consequence of a transfer from other Lord, the Chancellor of the Exchequer may Tax that increase by transfering to himself, to the Prime Minister or to the High Lord, from the Lord whose budget was increased up to 10% of that increase.

This is to close a minor loop-hole in the Budget Proposal, where a Lord could evade taxation by immediately transferring away a Budget increase.

20-0 Knightking's votes doubled because of Committee membership. Reached Quorum (6). Enacted by Chronos