Taxation Revision Resolution: Difference between revisions
From The Kodiak Republic Wiki
DankoBanko1 (talk | contribs) (Created page with "=== Article 1: New Taxes === 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 15%.</blockquote>1.3 - Creates a flat gambling tax on all revenue generate...") |
DankoBanko1 (talk | contribs) m (DankoBanko1 moved page Taxation Expansion Act to Taxation Revision Act: Rename it to something more fitting) |
(No difference)
| |
Revision as of 16:44, 5 March 2023
Article 1: New Taxes
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.
1.1.1 - Sets the annual Diverted Profits Tax to 25%.
1.2 - Creates a flat payroll tax levied on employers in proportion to the salaries paid to employees.
1.2.1 - Sets the Payroll Tax to 15%.
1.3 - Creates a flat gambling tax on all revenue generated from gambling.
1.3.1 - Sets the Gambling Tax to 20%.
1.4 - Creates a flat tax on the value of all residential property.
1.4.1 - Sets the Property Tax to 5%.
Article 2: Repeal of Existing Taxes
2.1 - Repeal The Micro-Enterprises Act, 649.
Article 3: Amendment of Existing Taxes
3.1 - Amends clause 6.3 in The Commodity and Services Tax Act, 643 to: Sets the Alcohol Sales Levy to be 25% of the gross sale price.
3.2 - Amends clause 5.3 in The Commodity and Services Tax Act, 643 to: Sets the Tobacco Sales Levy to be 25% of the gross sale price.
