Taxation Revision Resolution: Difference between revisions
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=== Article 1: New Taxes === |
=== Article 1: New Taxes === |
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1.1 - Creates a flat tax on all the profits generated in Kodiak by multinational corporations, regardless of where they are headquartered or based in.<blockquote>1.1.1 - Sets the annual Diverted Profits Tax to 25%.</blockquote>1.2 - Creates a flat payroll tax levied on employers in proportion to the salaries paid to employees.<blockquote>1.2.1 - Sets the Payroll Tax to 5%.</blockquote>1.3 - Creates a flat tax on families with more than one home on the value of all their residential property |
1.1 - Creates a flat tax on all the profits generated in Kodiak by multinational corporations, regardless of where they are headquartered or based in.<blockquote>1.1.1 - Sets the annual Diverted Profits Tax to 25%.</blockquote>1.2 - Creates a flat payroll tax levied on employers in proportion to the salaries paid to employees.<blockquote>1.2.1 - Sets the Payroll Tax to 5%.</blockquote>1.3 - Creates a flat tax on families with more than one home on the value of all their residential property. |
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1.3.2 - A single family home is defined as: a free-standing residential building. Single-family homes are designed to be used as a single-dwelling unit, with one owner, no shared walls, and its own land. Town houses are also defined as a single-family home as long as these dwellings are separated by a ground-to-roof wall.</blockquote>1.4 - Creates a flat tax on all luxury goods sold. <blockquote>1.4.1 - Sets the Luxury Goods Tax to 9% of the gross sale price. This is appended onto the existing Point of Sale Tax.</blockquote> |
1.3.1 - Sets the Property Tax to 1%.<blockquote>1.3.2 - A single family home is defined as: a free-standing residential building. Single-family homes are designed to be used as a single-dwelling unit, with one owner, no shared walls, and its own land. Town houses are also defined as a single-family home as long as these dwellings are separated by a ground-to-roof wall.</blockquote>1.4 - Creates a flat tax on all luxury goods sold. <blockquote>1.4.1 - Sets the Luxury Goods Tax to 9% of the gross sale price. This is appended onto the existing Point of Sale Tax.</blockquote> |
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=== Article 2: Repeal of Existing Taxes === |
=== Article 2: Repeal of Existing Taxes === |