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 15%.</blockquote>1.3 - Creates a flat gambling tax on all revenue generated from gambling.<blockquote>1.3.1 - Sets the Gambling Tax to 20%.</blockquote>1.4 - Creates a flat tax on the value of all residential property.<blockquote>1.4.1 - Sets the Property Tax to 5%.</blockquote> |
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 generated from gambling.<blockquote>1.3.1 - Sets the Gambling Tax to 20%.</blockquote>1.4 - Creates a flat tax on the value of all residential property.<blockquote>1.4.1 - Sets the Property Tax to 1%.</blockquote>1.5 - Creates a flat tax on all luxury goods sold. <blockquote>1.5.1 - 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 === |
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2.1 - Repeal [[The Micro-Enterprises Act, 649]]. |
2.1 - Repeal [[The Micro-Enterprises Act, 649]]. |
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=== Article 3: Amendment |
=== Article 3: Amendment to Existing Taxes === |
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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. |
3.1 - 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. |
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Revision as of 20:37, 11 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 1%.
1.5 - Creates a flat tax on all luxury goods sold.
1.5.1 - Sets the Luxury Goods Tax to 9% of the gross sale price. This is appended onto the existing Point of Sale Tax.
Article 2: Repeal of Existing Taxes
2.1 - Repeal The Micro-Enterprises Act, 649.
Article 3: Amendment to 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.
