Presidential Updates | Suggestion on our Present Economy
Day 2,202, 12:29
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Published in India 
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by
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by Rashtrapati Bhavan
Hello my dear mighty Indians,
Presidential Updates
* We have now signed an Mutual Protection Pact with Republic of China ( Taiwan )
* Belarus which had MPP with us got expired and hence it has been extended with another MPP.
* The Voting Process to select the Head of the Congress took place in the Congress Threads created by me. In that Hobblit with the majority votes has been selected as the HoC for this term. Make sure you discuss in the threads and do not propose laws or accept CS Applications on your own without consulting in the threads.
* Arminder has been appointed as the Minister of Defense and he will be selecting his own Deputies soon. He is specially appointed to manage the wars which we will be facing in the nearby days.
AnishJain, who is my financial advisor has came up with a suggestion for changes to be implemented in our Economy. And I would like everyone to have a read of it and share your comments on it.
The purpose of this suggestion is to to have taxes changed in India.
Proposed taxes-
*Work tax 1% for food and weapons
*VAT 1% for food and weapons.
*Import at 30% for food and weapons.
Currently foreign sellers are plenty in market. Our current VAT is 5% for weapon and 12% for food. By making them into 1% and raising import, we can end up with an stable Market
Objectives-
1. Do not pay taxes to Croatia, China or any other occupiers in future.
2. Save eIndian money.
Import tax means it will go from foreign CS to foreign country.
When we are totally wiped we get 20% of tax revenues only. Currently with Croatia having 3 regions we get about 85% approximately.
Soon China will take NEI. Then Croatia will try to expand. Albania sooner than later. Pakistan is always there. Bosnia is always around the corner. Or even some other unexpected country may take our regions
We are daily paying Croatia 500cc average. By chance if we get wiped again, then we wont be getting chances to stop to loot as we wont be having congress.
If 15% = 500cc then 80% will be terrible. Govt needs funds only for MPP which costs 10,000 CC per MPP. We can expect to do 5-6 MPP per month.
We have come up with some other revenue generation which stable and the methods on more revenue generation and the details can be discussed on IRC with
the Financial Advisor Anish and RBI in-charge Uber..
Moving tickets tax will not be changed and remains the same.
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Comments
First... wow that is brilliant
exactly... any occupiers (and yes there will always be new ones round the corner cos we are weak) should NOT get any benefits from us. Taxes should be minimal and earnings should be in foreign nations, sent direct to the Treasury.
Simple economics but they should be implemented wisely
nice economic reform o7
Nice article....
I would like a detailed Economic Study article from someone in MoF, so that the new guys get the ify gifies about the game economics.
It must include what is Work Tax, Import Tax and VAT and how it affects individuals and countries economies....
Bharmal i can answer your questions as i am in MoF.
Work tax is what is deducted from Companies for production per unit of company.
Also deducted from from employee salary.
further details on same can be found on wiki as this is not a RL tax commonly found its a Plato tax which is annoying for factory owners. It is determined by average salary of the country and can be brought down through communes.
VAT is sales tax simply.
Higher VAT higher the tax deducted per product sold in the in-game market. It is the reason why #itrade exists.
Import tax is when a person buys an indian market license and sells product in Indian market due to the fact that indian market is usually has inflated prices due to lack of domestic producers.
Import tax we do not care for frankly as foreign sellers will pay taxes which will go directly to foreign countries. If we lower import tax it will detriminal for Indians as most will go into losses competing with foreigners. Thus no eIndian money is lost and outflow of taxes to croatia and their ilk remain minimal.
I still don't know how to use #itrade....
will teach u whenever u come to irc 🙂
What channel should I come to?
#indianarmy
I proposed it Goutham 😑 😛