02-03-2026, 04:35 AM
Tax reforms and labour market reforms; Continuing the shift towards the free market.
--------------------------
December 9th, 5714
--------------------------
As the Aki Cabinet looks towards moving Seko towards the free market, and encouraging foreign investment, it's become clear that taxes and the labour market will need to be reformed into a more liberal direction, and so the State Diet was able to quickly pass the Tax Code and Labour Reform Act, which as the name says, looks to reform the labour market and it's regulations, and reform the tax code. As such, the first aspect is tax code. High taxes make it difficult to encourage investment, and the best way to encourage foreign and domestic investment, is with lowered corporate taxes. As such, corporate taxes will be lowered significantly. However as a compromise thanks to CDP lobbying, protections will be kept for small businesses, as well as small business grants, a simplification of licensing, and even a three year tax relief policy for new startups.
For the labour market however, fixed term contracts will be made more flexible, severance requirements will be gradually reduced over the span of 4 years, flexibility will be kept in overtime payments, and am expansion of private employment agencies. Despite SMP pressure, the only concession that they could secure in the bill was simply rural mobility grants. The goal is to ultimately give the private market more autonomy in the labour market and again, shift away from the state commanding things.
Next on the agenda, will likely be reforms to the financial sector, and regulatory reforms. These reforms will be quite valuable to the shift towards market liberalism and so far, the Aki Cabinet enjoys considerable public support.
--------------------------
December 9th, 5714
--------------------------
As the Aki Cabinet looks towards moving Seko towards the free market, and encouraging foreign investment, it's become clear that taxes and the labour market will need to be reformed into a more liberal direction, and so the State Diet was able to quickly pass the Tax Code and Labour Reform Act, which as the name says, looks to reform the labour market and it's regulations, and reform the tax code. As such, the first aspect is tax code. High taxes make it difficult to encourage investment, and the best way to encourage foreign and domestic investment, is with lowered corporate taxes. As such, corporate taxes will be lowered significantly. However as a compromise thanks to CDP lobbying, protections will be kept for small businesses, as well as small business grants, a simplification of licensing, and even a three year tax relief policy for new startups.
For the labour market however, fixed term contracts will be made more flexible, severance requirements will be gradually reduced over the span of 4 years, flexibility will be kept in overtime payments, and am expansion of private employment agencies. Despite SMP pressure, the only concession that they could secure in the bill was simply rural mobility grants. The goal is to ultimately give the private market more autonomy in the labour market and again, shift away from the state commanding things.
Next on the agenda, will likely be reforms to the financial sector, and regulatory reforms. These reforms will be quite valuable to the shift towards market liberalism and so far, the Aki Cabinet enjoys considerable public support.
"Yet I am here, and here I shall remain to behold the world in all it's beauty"
"The world is but a stage. Why cry, when you can laugh instead? For laughter is humanity's preserve. Laugh it all off, fret not, Let's just enjoy the moment."
"The world is but a stage. Why cry, when you can laugh instead? For laughter is humanity's preserve. Laugh it all off, fret not, Let's just enjoy the moment."