Bill: Rejected Tax Reform Act

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HKE101

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Representative
Construction & Transport Department
Oakridge Resident
Hong_Kong_101
Hong_Kong_101
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A

BILL

TO



Reform Property Taxation and Tax Evasion


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 Tax Evasion Reform Act.
(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 Overloard of Peonys
(5) This Act was drafted by Representative Hong_Kong_101

2 - Reasons
(2) The current definition of tax evasion technically includes all people who run and deposit in banks.

4 - Revision
The contents of section 4 of the Taxation Act, as entitled below,

4 - Tax Evasion
(1) “Tax Evasion” shall be defined as: “Any means by which an individual or company manages monetary assets with the intent to avoid taxation.”
(2) No entity shall be charged with “Tax Evasion” unless found guilty of such crime in Court.
(3) No registered company shall be deregistered on the basis of Tax Evasion unless found guilty of such in Court.
(4) The punishment for “Tax Evasion” shall be not less than $100 and not more than $10,000. The Court may also recommend that the DEC deregister companies on the basis of a guilty verdict.
(5) Any lawyer or the State may sue any individual or company whom they suspect has committed Tax Evasion.


Will be changed to:

4 - Tax Evasion
(1) Tax Evasion will be defined as the avoidance of taxation by a legal entity through that entity knowingly and intentionally employing means that are otherwise illegal, such as fraudulent reporting.
(a) Because balance and property taxes are collected automatically, simple avoidance of balance or property taxes in game will not be considered tax evasion unless otherwise criminal means are used in the course of avoidance.
(b) Tax Evasion will be considered a criminal offense, and as such, no person may be charged with Tax Evasion except by an employee of the Department of Legal Affairs acting in an official capacity, and no person may be convicted of Tax Evasion except through a trial held by the Federal Court or any higher court.
(c) The penalty for a count of Tax Evasion will be a fine of up to $15,000 and/or a jail term of not greater than 30 minutes.
(d) Use of accounts in credit unions and banks will not be considered Tax Evasion or any connected offense.
(e) The operation of a credit union or bank will not be considered Tax Evasion or any connected offense.
(f) All cases of (d) and (e) occurring prior to the passage of this amendment to the Taxation Act will retroactively be made legal.
 
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