Simcountry
Forum General I built 375 corporations in 21 days

I built 375 corporations in 21 days

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Emerithe Cantanine

All worlds
29 Jan 2022 05:17Link
For my enterprise (Emerithe Corp on WG) I bought 125 boosters to build 3 corporations per day. I am very happy I am at the end. This was very costly. I had to buy 2 free countries, so I could liquidate their valuable military assets and pour the money into my enterprise, so it wouldn't go broke. Even with that, many times my debt has gone to 7 or 8 trillion. I would like to thank The Union States of America for loaning me the bulk of the money I used to build my enterprise.

Emerithe Corp nets around 300B/month (~1.8T/rl-day) from 541 corporations, so hopefully I will have all loans paid off in a week or two.
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neutralsc

All worlds
29 Jan 2022 23:19Link
I hate to break it to you but your enterprise is reporting 330B/month profit before C3 and enterprise taxes, but that doesnt mean it actually makes that profit, let alone cashflow on enterprise level.

Your enterprise this month:
Cashflow statement
Last Month Cash -131.64B SC$
Interest Paid -0.13B SC$
New Loans Taken 120.00B SC$
Corporations bought, closed or moved and Enterprise Tax -112.64B SC$
Cash Transfers To and From Corporations -100.00B SC$
Profit Payments and Cash Transfers 199.20B SC$
Cash Available -25.21B SC$

P&L
Total Profit 323.66B SC$

Look at profit payments. It is reporting 199.2B after C3 tax. But also a 100B deduction due cash transfers

The reported profit of 323B is calculated by settling all profits (positive and negative of all corporations) before C3 taxes.
>> If you build in C3s you need to deduct 30% of it due C3 t
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Andy

All worlds
30 Jan 2022 12:14Link
Congratulations.
this is a huge number.

are these corporations all upgraded to the max?

We look into enterprises.

there are some that make several Trillions per game month.

Much of the profit stays in the corporations.
You should check the assets curve too, to see how the enterprise is doing.

It is not trivial to make enterprises very profitable but somehow, players with large enterprises are the richest in Simcountry.
Enterprises pay a lot to the countries where the corporations reside, many reside in the countries associated with the account.

and where are these cash transfers going?
Loss making corporations obviously do not pay taxes and when they become profitable, the tax payments are computed over the previous period and averaged and in fact, they do not pay any taxes for some time until the average income over a longer period becomes positive.

Many players did the math in
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Lord Mndz

All worlds
30 Jan 2022 13:53Link
CEO game is very much hurt by Enterprise tax, which is calculated from turnover but not from the profit after all taxes corporations pay to countries. Enterprise tax is also additionally calculated from Enterprise profit share.

the only logical solution would be to remove it at all or start calculating it from the profit after all taxes paid to countries.

I am seriously considering closing my largest SC CEO as during 1 real year I I was unable to earn anything with it. Majority CEOs I check are also doing very bad.

here is the proof of the last 1 real month:

CEOdebt

with the recent changes in country sizes the 500M country will have 1000 or more corporations potentially earning 800-1000B per game month - keeping all profit, also in empire you could have many of such countries. So why people would try this CEO nightmare with corporation number limitation and impossible ta
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neutralsc

All worlds
30 Jan 2022 20:13Link
Mndz, it is not just enterprise tax, it is the way C3 tax is taxed as well. I took a quick look at your enterprise, and I roughly estimate currently about a third of your corporations are not profitable, due underhiring, lack of supplies, surplus of output product or just not profitable due max pricing like some of your assets maintainence corporations.

You have 5593 corporations which should on average generate 0.85b profit before C3 taxes. Assume 3725 corporations you have generate this profit, meaning total profit of 3166b. The other 1868 is generating losses, probably on average 0.5b per month, meaning a total loss of 934b, which gives you a (consolidated) total reported profit of (3166 - 934) 2232b per month. If your enterprise was just 1 big corporation, it would pay 30% tax of 2232b, which is 670b, but instead you pay 30% of 3166, which is 950b (41% higher).

You pay 932b enterprise tax, but you have 915T mil
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Lord Mndz

All worlds
30 Jan 2022 20:53Link
it is true and on top i pay country resources tax even when making loses. no logic here.

i count like that - i would earn 1b/game month with normal corporation controled by country, but in ceo i pay 30% something as a resource fee then from the remaininf profit i pay 30-75% country tax and 30% enterprise tax on top, which adds to 70-90% tax from profitable corps. then i need to support the ones that are not profitable and losing money.

not fair as i said as country gets everything without any penalty. rhis caused many big players to leave ceo when realizing this nonsense.
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Emerithe Cantanine

All worlds
02 Feb 2022 01:53Link
From what it sounds like, my enterprise is SOL and other than funneling more money into it there's not much I can do about it to make it profitable. OK, I can accept that. I don't want it if it's going to be a money pit even when most of the companies are money makers. Once I get my reward for #1 enterprise, I'm going to figure out how to close it.
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neutralsc

All worlds
02 Feb 2022 03:13Link
You dont have to close your enterprise, just keep in mind that building corporations and keep them is not (much) profitable. However, enterprises do have utility value imo:

1 You can privatize your state corporations without handing over control to AI wich tend to perform. Private corps are more efficient. Tax at 75.
2 You create military corporations to produce military assets that are in large shortage.
3 You can IPO corporations to raise cash. Some defense corporations with large shortages tend to lend them very good for this from time to time.
4 Enterprises are needed for higher gamelevels, to achieve higher scores, to claim awards.
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Demerzel

All worlds
07 Feb 2022 13:09Link
Lord Mndz,

What's your profit transfert? What's your selling strategy? Cause I dont have problem making money with my enterprise and I only have 75 compagnies... Yes I dont rack that much money, but I'm profitable every month.
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Demerzel

All worlds
07 Feb 2022 13:32Link
Lord Mndz,

I've check some compagnies on your FB enterprise and I will agree with Neutralsc, you need to fix employement.

Some of your compagnies have 150 salary index. C3 are starting at 300 index and I personnaly use 400 for most of my compagnie, so I dont have problem with employement. Your hiring index is at 83%, that's pretty low.

For your trade strategy, I dont understand something... Probably Andy can answer this one :P.

Mndz, you are using 295 with a -1% per month. I'm using the quality +200% and I barely make more money then you... Why? I'm selling 200% higher with the same quality, but still it doesnt show up on the sell price... Here 2 corps for an exemple :

Mine : https://sim02.simcountry.com/cgi-bin/cgi2nova?SN_ADDRESS=wwwCountry&SN_METHOD=ccorp&miCorpNumber=6015024
Mndz : https://sim02.simcountry.com/cgi-bin/cgi2nova?SN_ADDRESS=wwwCountry&SN_METHOD=ccorp&miC
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Lord Mndz

All worlds
07 Feb 2022 15:58Link
Demerzel,

you need to look closer before thinking you know what and why:) 150 salary is only for corporations placed in my own countries. this allows me to save 1T per game month in salaries regardless of loss in production. the rest have 300 salaries as default in c3 is 297.

trading strategies are broken, if you check selling prices you will see that majority of the orders are executed at the same percentage as product quality level. this is a bug which needs to be fixed by w3c. i will post is one day on the forum as it requires proof for Andy.

the major thing that you dont understand is that my ceo is super large and is being penalized by enterprise tax. i am paying around 1T even if my ceo losing money.

my profit transfer is 0, i only get money when corporation has surplus and transfer back to Ceo. if i increase profit transfer that would further
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neutralsc

All worlds
08 Feb 2022 08:07Link
Mndz, I thought profit transfer at 100 would decrease enterprise tax, due lower market values. What do you know that I dont?
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Lord Mndz

All worlds
08 Feb 2022 11:39Link
I tried 100% but the enterprise cost got almost double. many corporations are placed in my countries with 75 country tax so i would not feel the difference in value probably. Also are you sure that ceo profit transfer will reduce the value of corporations, I canot recall that.
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neutralsc

All worlds
09 Feb 2022 08:51Link
Yes im sure about market value, because profit transfer affects net profit. Not how it should be but it is the way it is. I play with market values due profit transfer in my ceos all the time in order to meet the IPO criteria.
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Andy

All worlds
09 Feb 2022 18:53Link
Both the enterprise tax and the contribution corporations pay to the country where they reside depend on turnover and on profits.

Country contribution is not paid if the corporations make loss.

However, corporations now are not what they used to be. Many are larger and their profits, although larger than in the past, are probably a smaller percentage of their turnover.

We will review both. The contribution to the country is essential and it makes such corporations attractive to the presidents.
We just need to have another look at the moment the corporations start to pay them and make sure they never pay when there is a loss. The loss is for each corporation separately so some pay and some do not.

The enterprise tax is less obvious and the growth of corporations might have contributed to the level of the tax.
I think that an enterprise with less than 300 or 400 corporations should not pay any tax.
We have des
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Lord Mndz

All worlds
09 Feb 2022 21:36Link
Hi Andy,

Please see the attempt below to show what is the real profit of CEO. Enterprise tax should be calculated from the light blue box.

ceoTAX

just please take in your consideration the fact that some countries now have 750 and more corporations >800 corporation and are not penalized in any way. Why CEO need to pay all the taxes to countries and still to be penalized while countries get all the profit. Playing in peaceful mode these countries take no risks while getting many times higher profit than CEO with thousands of corporations. This is insane disbalance between these two roles and they both cost the same amount of Gold coins.
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Jiggle Billy

All worlds
10 Feb 2022 17:56Link
Need to make sure this idea is scaled for percent owned for public corps.
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Lord Mndz

All worlds
11 Feb 2022 12:26Link
agreed, thanks for input