Economic Development and New Ideas
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by BuzzyTheCat
Good evening Israel,
As part of the economic growth and strengthening plan I am going lay out my tax plans. This is not yet set in stone so please comment as you see necessary. For the most part, taxes are going to come down with two exceptions. Here is what the new tax base will look like.
Food - 8% income, 20% import, 3% VAT
Gifts - 8% income, 35% import, 3% VAT
Weapons - 8% income, 25% import, 3% VAT
Moving tickets - 8% income, 35% import, 3% VAT
Grain - 1% income, 1% import
All other raw materials - 0% income, 1% import
Houses - 8% income, 35% import, 3% VAT
This is the old tax base
Food – 10% income, 15% import, 5% VAT
Gifts – 10% income, 50% import, 5% VAT
Weapons – 10% income, 20% import, 5% VAT
Moving tickets – 10% income, 50% import, 5% VAT
Grain – 5% income, 5% import
All other raw materials 0% income, 0% import
Houses 10% income, 50% import, 5% VAT
As you can see, everyone will get a 2% across the board income tax cut, and everyone will get a 2% across the board VAT cut. The only things that are increasing is a 5% import tax on food, a 5% import tax increase on weapons, and a 1% increase on import taxes for all other raw materials.
Going further with economic development I am going to rehash an old idea of Sadeh’s, the Israeli Economic Improvement Department (or IEID for short) this department will be headed by Jeff Sullivan and will provide helpful information to perspective company owners, get established companies to sell their products in this country, and many other things. More will be released on this idea by Jeff in the coming days.
It has also come to my attention that, even though there is an established IDF website and a very easy “click here to enlist” link on that website, some people still don’t know how to enlist. The only way that is possible is because, they don’t know it exists. That got me thinking… what else do our citizens not know? To combat this I am going to create an official eIsrael website which will link all useful information about our country to a single place. The website will have links to our forums, to the various party forums, to the IDF website, to our IRC and MSN chats, and provide helpful information to beginning players such as tutorials.
Going further with this idea, once the new website is completed, we will be writing a new citizen message for new players with the link to the website displayed prominently so new players can start off on the right track.
Anyone else have good ideas? Please PM me. I want to be as accessible as possible to the citizens and to congress.
As always, have an awesome day Israel,
BuzzyTheCat
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Comments
Going to continue to crumble our domestic grain companies, we just dont learn
Justin, considering the grain on our market is STILL selling high I see absolutely no reason why you think a domestic company could not compete. Pay workers for their production instead of trying to pay them based on manufacturing industry wages and there is zero reason you can not run a company.
The US has 1% grain import, and their market prices are lower than ours are... yet they seem to have no problem with domestic companies operating. If you cant supply .30 NIS Q1 grain then there is something very wrong with your operating cost or your profit margin is set WAY to high
I love the idea of the website for new players.
I am glad that we seem, for the most part to be drifting back into a more sensible, business friendly policy. I'm glad that the protests of those most sensitive to those interests didn't go unheaded 🙂
I agree 100% with the grain income tax cuts. Generally speaking, in an ideal world I would like to see even lower income taxes across the board and higher import taxes, but for the most part this seems like an acceptable compromise. As always though, there seems to be a significant disagreement in the area of import tax on grain. I believe it should be going up to 15 or 20% as opposed to down.
Jeff Said it all.
Jeff,
There are issues with setting the grain up because as it stands America wants us to lower import taxes. If we fail to lower something and instead raise the Congress of America will not want to pass MPP's with Israel.
It may seem preposterous that America would even do that but they have personally told us so.
So, while in best interest, the grain should not go up.
The website does sound nice Buzzy.
Tell you what Justin. Start selling 1000 Q2 grain on our market for .50 NIS every other day I will put the import tax at 99%. And before you go off on me again, yes, .25 NIS is the current world low price of Q1 grain.
This is the problem no one seems to get... YOUR PRICES ARE TOO HIGH. Sell grain for a reasonable price IE, in the range of .5 to .6 NIS for Q2, and you wont have to worry about what the import tax is on grain. You will be undercutting every single person on our market by a ton.
This all started because company owners were being greedy and predatory on a weak and small market. All that lowering the import tax did was make the market not so weak anymore. Sorry you cant sell Q2 grain for 1.5 NIS and charge 3 times the world price anymore.
I enlisted on the website & nobody answered. That was weeks ago.
Gzen:
I appreciate our allies in the United States. At the same time, we should not be lowering our import taxes because someoneone told us so. If in exchange for friendship the United States we need to ruin our economy, I think cost/benefit is a catch 22.
I hope this government will not be bullied.
looks good 🙂
I nor Buzzy will be bullied and we will take all things into consideration.
However you must understand how vital the USA has been to Israel.
I believe we can get away with some things but we must be destroy our bonds too much Jeff.
Israel will never be bullied into doing something that hurts our people.