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You are reading an article written by a citizen of eRepublik, an immersive multiplayer strategy game based on real life countries. Create your own character and help your country achieve its glory while establishing yourself as a war hero, renowned publisher or finance guru.

Tax Changes

Day 1,080, 16:32 • Published in Canada Canada

• by Luke Peters

All citizens of eCanada please note, there is currently a motion to increase income tax rates to 15% and reduce import tax rates to 30% in the Grain Industry.

If this motion is successful, votes will follow similarly for the other 3 raw materials that we have within our great nation; also income taxes in the manufacturing industry will be raised to 15% on a proposal.

http://www.erepublik.com/en/Canada/law/58085 - Grain tax change proposal

http://ecanada.cc/forums/viewtopic.php?p=165576#p165576 - Congress discussion topic

Comments

Rolo Tahmasee Day 1,080, 18:11

Failing Congress Failing at Economic and Monetary Policy

Get ready for:

Cheaper goods (Yes!)

International Competition(No!)
Lower Wages(No,No!)
Shuttered Companies-Fewer Jobs(No,No,No!)
Higher Income Tax - Less "Take Home Pay" (No,No,No,No!)

So, in the end, YES, stuff will cost less, but there will be fewer companies, so more competition for better paying jobs, so you will likely earn less and be taxed more on those earnings. Oh, and everytime you buy something from a foreign company, that money leaves Canada and goes to pay foreign workers wages

So, everythings cheaper, but your poorer, so what have you gained

Let the Fail Minister etemenblahblah know what you think and demand they get a real economist in there for the next presidential term

zoecat Day 1,081, 04:56

Shut up thief, nobody cares about what you think

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