It's time to put it right.
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by Bhane
Many moons ago we passed an income tax reduction to 1% across the board.
You can read the proposal and debate here. This tax reduction helped put more money in the pocket of the average citizen, and increased consumption.
The biggest fear was a major revenue loss. But, the increased consumption led to more VAT collections. Along with other factors, there was no drop in tax revenue from the tax reduction. The evidence was proven here. The reduction helped the citizens of eIreland, and did not hurt revenues at all.
Seanan made a small mistake later that month. He proposed a new import tax and accidentally changed the income tax for food back up to 5% here. This is not only unfair to food workers, but totally unnecessary. Seanan apologized for unintentionally undoing my efforts, but his regret was unnecessary. I understand how things slip one's mind, and he was focused on the import tax. It was easy to forget about the income tax debate from weeks before.
Now that I am a TD again, it is time for me to put the income tax right. It is a given that the income tax needs to go back to 1% again. But, I open the floor to debate on the import tax. We have had 10% import tax on food for nearly a month. When I fix the income tax, would you like me to change the import tax as well? Are you happy with the affects of 10%, or do you think it needs to be raised/lowered.
The debate floor is now open, and I look forward to the coming feedback.
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Income tax - 1%
Import tax on all goods - 50% +
VAT - 20%.
@Bryan O'Shea
VAT - 20%. It's very high.
Aye, changed the income tax by mistake!
Keep import the same - food prices been dropping around the world, we have alot of war and Irish companies can not provide all the needed food or be trusted to keep prices reasonable.
Imported good are keeping some degree on competitiveness going. In fact, if it should change - should be lowered more. Q5 tanks? You'd still be better off buying from the US.
Keep import the same.
i think import tax should be lowerd on raws but not on food
Actually, with the game artificially swamping eIreland with IEP, I suggest an income AND VAT tax in the region of 15-20% each to combat inflation.
Import Taxes 3-5% accross the board
Import tax on raw materials should be lowered to 1%
Eire Aonair
) Import tax on all goods - 50% +
) not on food
) Import Taxes 3-5% accross the board
Why?
Seanan is the only one who actually made an argument for WHY the food import tax should stay the same. So far, my inclination is to leave import tax alone, when I fix the income tax.
Voted. I totally agree about the income tax.
About the import tax. I think that this depends on consumption too.I took a few pics a couple of hours ago to get a better picture of what's going on. My first impression is that there is a lot of food sold (and a couple of Hungarian guys selling hundreds of it) and very few guns sold. I'll check tomorrow again to see what was sold in order to confirm my impression.
In this case, if I get this right, we should raise the import tax on food (we don't need the Hungarians in order to import food, we can do it on our own if needed) and lower the import tax on guns to drop the price, allow more sales and more income for Ireland.
Am I right? I only just started studying that, so I wouldn't be surprised if I got it totally wrong.
Bryan +1
Irish businesses cannot compete with foreign sellers that are swamping the market with much cheaper goods, particularly prevalent in weapons raw materials.
Raise import taxes to give irish businesses a chance to grow and survive + it keeps money in the irish economy.
Leave income tax as low as possible to give people a chance to buy goods at reasonable prices and raise vat to 20% to make up for the loss on income tax revenue for the government.
Its not real life, its just a game, theres no need to be so particular and certainly no need to over complicate things. Quite simple.
To sum up my huge post above, +1 Bryan, with one exception: perhaps lower the import tax on weapons for a while, so that the price drops. No one buys them as it is. Only 5 Q5s were sold and /20 added/ during the past 3h. Raise it later.
Fair enough Riggy, the price of weapons have risen a lot in recent days, that would be only right.
Q1's are selling regularly at 15-20 IEP the last few days. That is one hit for 20 base damage.
It seems that people should be more than happy to pay any number less than 75 IEP for a Q5. That is five hits of base 100 damage. Yet, they do not sell. The Q5's generally do not sell until they get well below 40.
I don't understand why Q1's sell for more than 1/5th the price of Q5's... ever. But, the Q1's sell fast, while the far more efficient Q5's sit there for less than 5x the price, and much more than 5x the efficiency.
Bryan. the recent inflation is because of increased consumption from the temporary 500 health increase. it's basic supply and demand. Prices will lower when we go back to 300.
Even though there is speculation that the 500 health is to be permanent....
I don't really care any more tbh. I'm too old to be thinking about these things.
I have to go back to bed, it's cold. Where's me walking stick?
Ah John...there's life in the old dog yet! 🙂
http://www.youtube.com/watch?v=KkoUebbj0o8&feature=related
Frankly, we should maintain a decent level of taxation on both VAT and income.
Income because it's more consistent than taxation on spending, because people may work everyday but they don't necessarily spend all their cash everyday, not to mention people buying gold is impossible to tax.
VAT because our import taxes are so low, we need to insure that foreign businesses are taxed in some manner as well.
Provided both are balanced and low enough themselves, then we assure a strong governmental income.
Import taxes need to be low in order to keep prices low. The competitiveness of the Irish market relies on the downward force of imports. We've closed the country off to imports before, and our prices were ridiculously high relative to other countries.
"Actually, with the game artificially swamping eIreland with IEP, I suggest an income AND VAT tax in the region of 15-20% each to combat inflation."
This.
I'll try to provide a counter argument to what Brian said.
I think that income tax affects the new players arriving more than anyone else. The rest of us don't depend on our daily salary. We have companies, we work in military units paying us in products, we have our own means of production, we don't live by our salary. From this point of view, low income tax creates a more welcoming environment for the newb with limited effects on the economy. And we need these players. Ireland needs a baby boom and more rl Irish. Keep income tax at 1%. Balance it with 20% vat.
As for import tax, in erep it doesn't affect imports, it only affects imports by foreign companies. If the state wants to drop the prices or if Irish citizens want to import products, there are ways to do it without paying import taxes I believe. So, low import taxes, in general, means simply that you allow non-Irish citizens and companies to make profit which the state or Irish citizens would be making otherwise.
Well VAT and import seem to be too large of a debate. The income tax should be fixed faster than we will settle the debate on the correct rate for the other 2 taxes. So I will use one of my proposals to fix the food income tax, and nothing else. We can argue over VAT and import for future proposals.
v/s
wasn't here long enough to know what i'm talking about, so i won't say anything on the subject, but the article was epic. i'll be commenting more once i get more familiar with ireland's economy/politics.
Full support. Also urging the Dáil to lower raw material import taxes to 1% - this being also the official recommendation of Eire Aonair.
Also in support of lowering income taxes in the Food & Weapon sectors. As for the VAT & Import Tax combinations we are still modelling variations.
@Jason
The 'economic policy' of the current administration is crystal clear:
"The government's position is that the admins are making it impossible to govern the economy" (Brian Boru)
tl; dr: they cannot into maths
For now I think we need to see a bit of good oul protectionism.. raise the import tax for food and weaps to 50%, lower the RM to 1%.
Income tax, if to be lowered, should be countered with VAT.. so down to 1% Income Tax, and up to 20%.
I think these measures, even temporarily, will help to settle the somewhat volatile markets, and give us a better idea of where we actually stand.
(PerCap)
Eire Aonair
Income tax (1 to 5😵 is the main source of revenue (5546.59 IEP / day). It should be raised significantly (ex. 15😵. {As for the new players, we could have state-runned companies with relatively high wages.}
VAT is in some way useless (11.32 IEP/ day). It should be abolished.
Import tax for weapon should be lowered a bit, but it's important to protect local companies..
Aris... those stats are from the eRep economy page. The devs are total fail at programming those calculations. The numbers you see there are WRONG!! (do not believe them)
http://www.youtube.com/watch?v=V3y3QoFnqZc
"The 'economic policy' of the current administration is crystal clear:
"The government's position is that the admins are making it impossible to govern the economy" (Brian Boru)
tl; dr: they cannot into maths"
Beautiful how you quote it out of context. Nor is economics a mere exercise in maths, however much you want to pretend it is in order to pretend to get one up on us socialists, Stranger.
In response to what I made reference to in your quote, the government greatly increased its immunity to said changes by instituting commune systems in the military, a source of insured employment for any citizen that wishes it and a place to level up ones abilities economically and militarily.
In effect, we've removed the economy as the main means of advancement and replaced it with the military.
@SHM - "and you managed to corner him by the mismanagement of fiscal issues to an extent that he lost control over the rate."
We did? mismanagement? are you again purposely ignoring the fact that all the money we had was not spent by myself or my government it was spent by the person who said he wouldn't.
JC spent well over 260g which left us crippled for funds, how can you make any changes that can make a big effect with no funds while being at war?
Unlike the last government as well, im not going to give any go ahead to use the community funds either. Stranger you where banned from the forum for a number of reasons, one being accusing me of robbing the community funds when I showed screenshots of admin saying Mirek did it. Also for your constant accusations which as CP, a longer serving member of this community I will not stand for.
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