Difference between Income Tax and VAT

Day 1,625, 07:22 • Published in Japan Japan • by ardishabutaro

Dear all eRepublik player (especially in eJapan)

I want you to make clear from all of this:

http://www.erepublik.com/en/article/reason-for-new-taxes-2024137/1/20
http://www.erepublik.com/en/article/higher-vat-not-for-nippons-part-2-2025017/1/20



(screenshot taken, in case the author edit her/his article)

From exReality:
1. People buying stuff abroad and selling them here for a profit. It was almost at the level of extorting citizens with ridiculous prices because our import taxes protect domestic businesses. This makes those transactions a bit less profitable.

Totally agree for this point. For what i know, people can flood our market by buy food/weapon from other country (or black market) and sell to our country with default plato's price. Raise our VAT is the best solution to prevent this flooding.

2. E.L.I.A.S the new vmoe is keeping track of our revenues. He found our 1% tax revenues were making 8-9k a day at best, while our new tax levels are raking in 40-50k yen a day. One person in particular should love this, especially when all his programs are handing out money for virtually nothing.

AFAIK, a while ago, there is one person who make 44% discount for q4 raw company, and it cost bank of eJapan more than 100k JPY. So, totally agree with this point.

From Geezus:
The VAT of Food and Weapons is increased from 1% to 10%. That means all eJapan citizen who buy food and weapons at market get nearly 10% less product than before.
Team Nippon not only restore this loss!

Hallo! Do you know the difference between VAT and Income Tax?
VAT: Value Added Tax. If VAT is 10%, and market price is 100 JPY, there will be 90 JPY for seller and 10 JPY for eJapan.
Income Tax: if Tax is 10%, and your gross salary is 100 JPY, there will be 90 JPY for your income, and 10 JPY for eJapan.
Know the difference?

I think higher VAT does not effect any bit for our worker, VAT only effect for businessman and if you want to search for businessman in eJapan: Just search in article; the people don't agree with higher VAT. Yes, she/he is.

VAT DOES NOT EFFECT with the price in the market.
When VAT is 1%, food price is in range 0.45-0.46 JPY. It is in the same value when VAT is in 10% rate.
If you say all eJapan citizen get nearly 10% less product than before, it is a big bullshit!

Income Tax will effect more for our worker. Their salary will cut for eJapan. And i think our cabinet will do good action with put our Income Tax lower to 1%.



For more additional:
I don't like article in eJapan who love to buy voter with food or weapon.
If you want to make good move, please do a free donation, but not with additional clause: vote for my party, vote for me, or someone else. You make black campaign for yourself and for community. When i join his donation for the first time, i think the donator will not use political move to his action. But after sometime, the donation going worse and worse.




TL😉R
read the bold area.



For SSG party:
Now, in forum: the cabinet and some citizen are discussing new law: lower Income Tax. Please make move: Propose new Law: Lower Income Tax from 10% to 1%!
Vote YES for that law!