The Enterprise Tax Act, 643: Difference between revisions
From The Kodiak Republic Wiki
Content added Content deleted
(→Article 3 - The Kodiak Revenue Directorate: Again, critical wording missing which made Article 3 nonsensical. Per "Taxation Revision Resolution".) |
|||
Line 13: | Line 13: | ||
:2.2 - Permits a one-to-one deduction of capital losses to present capital gains if such capital losses were accrued within the previous three financial years. |
:2.2 - Permits a one-to-one deduction of capital losses to present capital gains if such capital losses were accrued within the previous three financial years. |
||
:2.3 - The Capital Gains Tax Rate shall be set at 25% of total reported capital gains after deductions. |
:2.3 - The Capital Gains Tax Rate shall be set at 25% of total reported capital gains after deductions. |
||
==Article 3 - |
==Article 3 - Diverted Profits Tax== |
||
:3.1 - Creates a tax levied on estimates regarding large, multinational companies profits earned in this country, regardless of their actual reporting. |
|||
:3. |
:3.2 - The Kodiak Revenue Directorate (KRD) is responsible for creating estimates on these companies and enforcing them with respect to the corporation tax. |