DSP Tax Policy Draft
Major Lee Hung
Good evening eUK!
The DSP needs your help again! We are currently drafting a tax policy, and it's now in the final stages. However, we need your opinion! Please tells us what you think. What should be changed? What needs removing? What needs addressing?
Please try to be extra critical, as we want the policy to be strong!
The eUK suffers constantly declining tax revenues, and the tax policies are often over looked by new governments taking charge. The DSP believes in a consistent tax policy that is both good for the citizens of the eUK and better economically.
Import Tax:
Consistently set at 12% to protect British industry from foreign markets that mass-produce with a lower profit margin - the British manufacturing trend seems to lack such mass-production at higher qualities.
However, Weapon Raw Materials will be set at 2%. This is to encourage higher production of weapons, and to keep the eUK's WRM prices in-line with the rest of the world. It is widely accepted that the eUK has a WRM deficit.
VAT
VAT will be at a consistent 10% on all products. This has been the rate in the eUK for long periods of time in the past, and is how the eUK picks up much of its tax revenues.
Income Tax
Income Tax will be increased to 12%. This will encourage people to collaborate and increase efficiency of productivity. At a higher rate, more people will want to work in exchange for products, rather than for currency. Those who do work for currency will be bolstering income.
This will make it easier for MUs to supply their members, and we will help set up any 'commune' schemes between citizens. (I.E, 5 citizens work at 1GBP per day, and are instead paid in supplies or x% of what they produce)
It is our hope that this will increase economic output within the eUK, and put less pressure on employers to find ways to profit on their companies.
Rebates
A rebate scheme will be set-up to support citizens who fall in to one of these two categories:
A: Citizens who are disadvantaged significantly will receive a 30% tax rebate if they can sufficiently convince the government that they didn't avoid tax.
B: Citizens who produce goods for the MoD, eNHS or another recognised, reputable public body will be given tax rebates provided at least 90% of their produce goes to the intended cause.
Comments
The area I particularly want help with is the 'Rebate' section. Should it be changed or redacted completely?
Does eUK have a WRM deficit or are you just refering to the private market?
I was mostly referring to the private market; looking back later however, I eventually decided that the WRM bit will probably need to be redacted, as prices are mostly global.
you do need burocracy for those rebates... at least it's a written down policy and you have thought about this. TUP never wrote such an article. I made a couple of proposals. The worst thing is black market which
it's a safe haven for old players to make money. High taxes is the best for blackmarket.