Senate, Fix Taxes
Day 1,607, 19:09
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Published in Australia 
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by
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by Majester
Let us all agree that there is no real economy outside of selling to the bot in eRepublik. Once you accept this, you may think how to optimise revenue for Australia.
Income Tax: 1%
This allows communes to flourish, reduces the cost of exports, and generally makes everyone happy. Past tax fiddling have shown that Income Tax contribute negligible amounts to the Treasury anyway - why not maximise the sexiness of our local economy?
Import Duty: 1%
There is a single currency. No matter how hard we try to build an internally strong economy, there is but a single customer. Remove all barriers so that the world can sell to our local bot. The more people who do, the more we free money we generate from:
VAT: 20%
This is the sole tax that generated money for the government. It is equal on local producers and imports, it has no effect on our exports, and is impossible to by-pass except via direct donations. And if you do directly donate to bypass the tax, then you are clearly not selling to our number 1 consumer: the eRepublik bot.
Remember that Raw Materials are exempt from VAT, so with no import duty, it means we are actively moving Australians from a resource economy to a manufacturing economy.
Let's tax eRepublik and win for Australia.
Play the game, play the system.
Discussion: http://community.auserepublik.com/index.php?topic=18555.0
Yours,
Survior of Australia
TL
😉R Kill Income & Import Tax and tax eRepublik to win for Australia.
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Comments
no problems with that at all.
I suddenly feel inclined to agree.
I suddenly feel inclined to agree. x2
A sound plan. VAT at 20% will be more than we can spend but lets build a massive bank and see what happens.
If we set VAT to 20% then the government will lose revenue massively. There is a larger market with a smaller tax elsewhere and that is where people will sell. No sale in Australia, no revenue for the government.
20% VAT ? lol!!!!
...australia will lose many citizens
We have only one customer. Its name is hidden in the article - even the tl;dr version.
Read, digest, agree.
the erep bot^
I want to know more about economy and how it works. Where can i find info about it?
yeah, I'm inclined to agree as well at least as a test. I understand why Wingfield is concerned but my guess looking into the economy is that it will end up as a non issue.
The bot isn't paying import tax. The Import Tax will disappear. So changing Import Tax is unnecessary in my opinion.
If someone is uncertain we could always change to 99% import Tax. Those who are exporting to Australia will just change their price. Instead of selling Q5 weapons for 32.25 they will change to 53.922. Where 25.8 will go to the exporter and the rest to Australia.
I've only heard rumors of this and I cannot say it's true. But it sounds credible.
I almost agrree, we need 99% import tax. Basically due to the above comment.
Import Tax has a range of 1%-50%. Been like that for over a year now. Even at 99% it misses the point. We want as many people as possible to sell to our only customer... from everywhere in the world. Because regardless of who or where the goods come, our only customer still pays the VAT.
Again, know who the customer is.
Read, digest, agree.
I would ask for 50% VAT - but we need baby steps first as proof of concept and scale up to a program where we "reimburse" our real and young citizens.
Indeed.
If communes are doing things properly, income tax should be irrelevant to them.
I suddenly feel inclined to agree. x51923
Canada changed VAT from 10% to 20% 15 days ago. 5 days later they changed VAT to 12%
I tried to watch it a little (someone from Canada would know more) and it seemed like the bot quit buying at 20%.
I know the bot was on a few months ago when we were at 15% here in Aus. I think 15% would be a safer step.
do it the easier way each term increase by 1% until bot no longer wants to play with us. power to the communes
It's intersting, but one thing is clear is that we must either put in practise the idea or observe it's effects in other countries with similar economies to see whether or not it will work...
(Though personally I believe low taxation is key to a nations success, we should make sure if the vast majority of Australians are owners of their own indrustries for max. effectivity to adapt towards the free market).
The other thing is I don't think the bot is fully understood and when it is, Plato will change it. When the majority of people start doing something (buying 100 Q4 WRM), then Plato has to change it (lowering RM bot price) to keep the game a challenge.
Even with this, the tax we earn can subsidise the new players with food and weapons.
Not to burst the bubble but more tax doesnt really mean we can buy more. The amounts of goods available is governed by the productive capacity of the companies, incl manager work etc. More cash gnerally means more deflation for the same consumption.
I think you miss the point of your own article. It doesn't matter what the import tax and VAT are set to. I sell products in 10 different countries with taxes ranging from 1% to 99% (Bolivia) The bot buys my products regardless of where I sell them. In bolivia the grad total of the taxes are 124% for me to sell products there. So I charge and sell for instance Q5 food there for 5.78 when the price the bot buys at here is only 2.58 so that means I still make my 2.58 and Bolivia gets the rest. A true bot foriegn Market seller doesn't look at the taxes other than to calculate what to sell their product at. The bot will buy at around the price +taxes. You will occasionally have to change the prices by 1 or 2 cents here and there but they sell regardless.
Also your argument regarding helping the customer is irrelevant, since the introduction of an global currency, its silly to buy products in your own country unless they are the cheapest in the world. The best places to buy not on the black market are the larger countries. One just need look through all the different market places to see where the cheapest products are and simply travel there to buy them.
You miss the point. Regardless of who is selling, all good sold here generate VAT for Aus. The more people who sell here, the more VAT we generate. Australians can happily buy in other markets - they are not our customer any more. Ezekiel, read the article (and comments) again. Think about it - who is our only customer?
Try it for a week. Watch tax income. If it fails, change taxes back. No risk, government has a huge surplus to tide us over.