IGB - Tax System Recomendations For The New Congress
Day 948, 19:27
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Published in India 
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by
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by Indian Government Bank
I have recently finished a in depth analysis of our 'experimental tax system' and I will be hopefully speaking to the Indian President, hs1975 in the morning to debate my recommended changes which are shown below.....
POSITIVES.....
1 - India is now officially the highest paying country in the game for wages
2 - We have seen many new foreign players move to India attracted by our high wages
3 - Many new companies have been attracted by our 1% import and VAT taxes and have started listing products on our markets resulting in cheaper products for consumers
4 - Indian citizens have never been so rich and this wealth has seen a sharp increase in both military and experience levels of the Indian population
NEGATIVES.....
1 - Many foreign investors are now selling in our markets are under cutting Indian companies which is resulting in smaller profits for our home based businesses
2 - Foreign companies are showing a tendency to trade their Inr from sales on the money market in exchange for Gold rather than reinvest in India and this has had a negative effect on the value of our currency dropping from 0.028g to 0.026g per Inr
3 - The Indian treasury as we knew would happen has seen a reduction in overall income
CONCLUSION.....
I wish to propose to the President and Indian Congress that the following issues should be addressed.....
1 - We must ensure that Indian citizens continue to be the richest players in the World to aid their personal development which in the long term will see India become a stronger country
2 - We need to ensure that foreign companies are not allowed to become rich at the expense of Indian companies, long term we need to be a self sufficient independent country capable of producing our own goods
3 - We need to address the issue of building the funds inside the Indian treasury to help build our infrastructure and also ensuring the value of the Inr is kept at a steady base rate of our targeted value of 0.028g per Inr
To achieve the above targets I wish to advise the Indian President and Congress that I feel the following changes should be made.....
Income Tax
All Income Taxes should be raised from 1% to a new figure of 8% which will see the treasury funds increase by roughly 4.5gold per day which is 135gold per month
Import Tax
All Import Taxes should be increased to 99% with the exception of Iron, Oil & Diamonds which should remain at 1%
VAT
All VAT rates should be raised from 1% to a new figure of 8% which will see the treasury funds increase by roughly 5gold per day which is 150gold per month
FOOTNOTES.....
Whilst some may say that we have failed in our trial at free trade I think we have to remember that this is a game and we need to keep trying new things all the time to aid our development and to be honest we have seen many positive effects from the changes we have made but long term we have to remember that the key important issue is that we may have Karnataka back in less than 4 weeks and when that happens we will not be receiving the 1300g monthly rental from our good friends the USA and so we need to try and raise our treasury funds to ensure we can finance the development our regions with Q5 Hospitals and Defense Systems and also to ensure that we can pay for the protection of India by signing MPP's with our allies
Hopefully my suggestions will be accepted by the majority and if so the new congress should start proposing the new changes to gain experience points as soon as the President confirms
*If you wish to buy Inr at 0.026g please do so ASAP as we intend to have the value back at 0.028g within 24-48 hours so dont miss out
POSITIVES.....
1 - India is now officially the highest paying country in the game for wages
2 - We have seen many new foreign players move to India attracted by our high wages
3 - Many new companies have been attracted by our 1% import and VAT taxes and have started listing products on our markets resulting in cheaper products for consumers
4 - Indian citizens have never been so rich and this wealth has seen a sharp increase in both military and experience levels of the Indian population
NEGATIVES.....
1 - Many foreign investors are now selling in our markets are under cutting Indian companies which is resulting in smaller profits for our home based businesses
2 - Foreign companies are showing a tendency to trade their Inr from sales on the money market in exchange for Gold rather than reinvest in India and this has had a negative effect on the value of our currency dropping from 0.028g to 0.026g per Inr
3 - The Indian treasury as we knew would happen has seen a reduction in overall income
CONCLUSION.....
I wish to propose to the President and Indian Congress that the following issues should be addressed.....
1 - We must ensure that Indian citizens continue to be the richest players in the World to aid their personal development which in the long term will see India become a stronger country
2 - We need to ensure that foreign companies are not allowed to become rich at the expense of Indian companies, long term we need to be a self sufficient independent country capable of producing our own goods
3 - We need to address the issue of building the funds inside the Indian treasury to help build our infrastructure and also ensuring the value of the Inr is kept at a steady base rate of our targeted value of 0.028g per Inr
To achieve the above targets I wish to advise the Indian President and Congress that I feel the following changes should be made.....
Income Tax
All Income Taxes should be raised from 1% to a new figure of 8% which will see the treasury funds increase by roughly 4.5gold per day which is 135gold per month
Import Tax
All Import Taxes should be increased to 99% with the exception of Iron, Oil & Diamonds which should remain at 1%
VAT
All VAT rates should be raised from 1% to a new figure of 8% which will see the treasury funds increase by roughly 5gold per day which is 150gold per month
FOOTNOTES.....
Whilst some may say that we have failed in our trial at free trade I think we have to remember that this is a game and we need to keep trying new things all the time to aid our development and to be honest we have seen many positive effects from the changes we have made but long term we have to remember that the key important issue is that we may have Karnataka back in less than 4 weeks and when that happens we will not be receiving the 1300g monthly rental from our good friends the USA and so we need to try and raise our treasury funds to ensure we can finance the development our regions with Q5 Hospitals and Defense Systems and also to ensure that we can pay for the protection of India by signing MPP's with our allies
Hopefully my suggestions will be accepted by the majority and if so the new congress should start proposing the new changes to gain experience points as soon as the President confirms
*If you wish to buy Inr at 0.026g please do so ASAP as we intend to have the value back at 0.028g within 24-48 hours so dont miss out
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Comments
we must try and build indian companies rather than favoring foreign investment. A 99% tax on imports is a great idea
I request Congress to propose the required changes in Tax Structure right away.
good idea to raise taxes to 8%...
it will increase salary 8 times
After having seen the recent attack on our Congress elections (once again!) .. and after word from the grapevine that it is likely to get uglier, I believe we will need to rethink our position on karnataka. After some flowery rhetoric from PHOENIX, it seems they are not likely to stick to their word and this is deeply disappointing.
i hope we do increase VAT right away.
jai hind!!
I will speak as a company owner.... Finally some respite and time to start working
V
v
We need to keep room for experiments and new visions, even if it doesn't seem to work after all.
In keeping with what Ashwamedh had to write in his article, I think the eUSA thing can be looked over again.
However, I do feel that this flip flop is detrimental to our economic image. We need foreign investment as such.
Vote NO on Issue INR plz...
Vote yes on rest tax change proposals.
✖✖✖✖✖✖ Congressmen/women, do not accept any CITIZENSHIP requests before consulting the NPF ✖✖✖✖✖✖
Why the 99% tax on import of food re? Food has been at its cheapest this month!
vote
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Lets change all taxes(income, import, vat) to 5% except houses 1%.
This will continue to encourage businesses to set up in India, give products at reasonable prices, encourage competition and give us reasonable gold as taxes and maintain a thriving economy with benefit for all.
Had suggested this the first time when we went to 1%.
Lets not always do things with knee jerk reactions.
I agree wtih retro we are flip flopping too much
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