WA General Assembly Vote: "Ban on Double Taxation"

[Allama]

GENERAL ASSEMBLY RESOLUTION AT VOTE

Ban on Double Taxation

A resolution to reduce barriers to free trade and commerce.

Category: Free Trade

Strength: Strong

Proposed by: Christian Democrats

Description: The General Assembly,

Seeking to promote international commerce and economic well-being,

Recognizing that many people and companies earn incomes and profits in foreign countries,

Believing it is wrong for one set of earnings to be taxed by multiple countries,

Wishing to protect people and companies from unfair foreign taxes,

Concerned that member states, by levying foreign taxes, can harm employment in other member states,

1. Defines the following terms for use in this resolution:

• Company: any business, nonprofit organization, or similar entity that may be taxed by a government separately from the individuals who own it, hold membership in it, or are otherwise involved in it;
• Domestic taxation policy: a tax levied only against the domestic earnings of residents or companies;
• Earning: anything of value that an individual, family, or company receives;
• Family: a group of two or more individuals legally related for tax purposes and taxed as a single unit;
• Individual: a single natural person considered apart from other people;

2. Bans the levy of income taxes on the earnings of individuals and families who are neither de jure nor de facto residents;

3. Prohibits the levy of company taxes on the earnings that a company makes in foreign member states, unless all the member states in which that particular company operates have a tax treaty or tax treaties with one another to the contrary;

4. Declares that no company, under the exception of Section 3, shall be forced to pay more in company taxes than it would pay if all its earnings were coming from the member state in which it operates in which its company tax obligation would be highest;

5. Encourages member states, in their pursuits to promote commerce and the welfare of their citizens, to sign and ratify tax treaties and double taxation avoidance agreements regarding other kinds of taxes besides income taxes and company taxes;

6. Affirms that this resolution has absolutely no effect on domestic taxation policies; and

7. Grants the World Assembly Trade Commission ultimate authority to issue official and binding rulings interpreting this resolution whenever actual disputes arise between member states or between member states and those who are taxed by them.

Don't forget to cast your own vote on "Ban on Double Taxation"!

[Allama]

Voting has closed at 3 For, 4 Against, 2 Abstain.

I have therefore voted AGAINST the WA General Assembly proposal "Ban on Double Taxation".

[Allama]

According to the General Assembly records:

"Ban on Double Taxation" was defeated 8,755 votes to 2,802.