Brief discussion on House Tax
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by wingfield
[EDIT: Action and proposal suspended in light of the national crisis]
[2nd edit: Coup attempt beaten - proposal now submitted]
I suggested in Congress that the house market is flooded with imports. It costs more to produce the things here than we get for them. I said that it is time for a corrective, such as a 10% import tax on houses.
In Congress, Huey presented some figures suggesting that eUK producers might get some benefit from a tax at this level. If foreigners want to keep selling here, we won't complain about the extra tax collected. It would represent less that we'd be ripping off from the workers.
Anyway, some time tomorrow, I'll put up a proposal.
Disclaimer: I produce Q5 houses (quite slowly), so I do have an interest to declare!
As for the other issue of contention in recent days, it would appear that the Work Tax level has settled for now, with the 2% level holding.
Nothing else is happening in Congress, other than routine MPP proposals, which are straight common sense!
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1er
Could this please be shared in both congress threads?
I understand your interest in getting the proposal going, but could you please hold off until more then half congress have had a chance at discussing this?
I don't have access to the other thread and so I am not going to wait more than the TWO DAYS I've had to wait already.
Sounds reasonable to me
and where are these Q5 houses you build actually made?
No House pollution in UK so I guess you make outside UK and what you are asking is prefernetial access to the market when you pay 0% tax to UK to make.
Also cheap Q1 housing is a major boon to young players and you should try keep low along with tax under 4%
This from a person who:
1. Is not an eUK citizen any more;
2. Committed High Treason when he was with COs to fight against the eUK and a campaign hero against us; and
3. Did enough damage to our markets dumping products.
1. Racist
2. Unable to find 'High Treason' in eRepublik wiki please explain
3. I bought cheap overseas and sold for no or marginal mark in eUK.
Unlike you I did not see the 200 or so UK players as my own little group who I could gouge for their CC.
I seen your offers and your prices are not good especially when compare to players who actually produce in UK lands and pay UK taxes.
2. Found high treason re-direct 😛
Your model is also flawed due to the reality of the game.
Wingfield price for Q5 House = 10,900cc
Hungary = 10,180 assume no tickets (Q5 people are fighters and have tickets) and travel to Hungary and back (Q5 people better off staying abroad for cheaper prices then UK).
Also,
UK Citizen can buys a Q1 house in America for 947cc and sell it on UK market for 957cc or above for profit when loweest UK price is 989cc.
World Price ||| UK importer ||| UK Price ||| % more expensive in UK
Q1 945 ||| 954.45 ||| 989 ||| 4.65%
Q2 1690 ||| 1706.9 ||| 1800 ||| 6.5%
Q3 3325 ||| 3358.25 ||| 3325 ||| 0%
Q4 6990 ||| 7059.9 ||| 7950 ||| 13.73%
Q5 10000 ||| 10100 ||| 10900* ||| 9%
*Denotes only sector where UK seller is being undercut (odd that it is the quality at which you sell?!?!?)
This on is on ice for now, due to the treacherous attack on our democracy
Surely the question is whether there's enough UK supply of houses to satisfy demand?
Given our bonuses etc, it's unlikely many houses are being produced on UK soil (and hence generating UK production/work tax). So by raising import tax we'll be boosting demand for UK producers that make houses offshore, but not generating much tax income as a result. And although we'll be raising extra import tax, if there's not enough home grown supply to meet the demand, effectively we'll just be pushing prices up for buyers, with little national reward as a result.
For that reason I think the 10% you've proposed is too high. I'd rather see the market tested at - say - 5% first.
So I'm going to vote "no" on this one.
If it's a UK citizen who is selling in the UK - then they could be producing in the UK or taking advantage of better bonuses abroad and whilst taxing imports will help both of the previous categories, we know a foreigner selling in the UK is producing abroad. Anyone who's buying houses will invariably look at the UK prices and compare with the best worldwide price and decide for themselves whether they want to pay a small premium for a UK product or if the differential is too great buy from abroad. That's the way I see it.
On that basis a moderate import tax such as 10% may not make UK based production competitive but it will help and it raises money for the Treasury.