Tax (Little Upsilon)

it seems more players are starting to charge tax on ceos,and its their right to charge what they think is fair.its also my right to ask any player that is charging tax and has a ceo that has any corps in my countrys( which are 0%tax and will stay that way)to please remove those corps .country names are "shalisha" and "battle drum serenade" my other 2 countrys i dont care about because they are up 4 sale soon .thanks sj

players are starting to charge tax- some like chaos empire its automatic due to no countries no longer being profitable it rises .
many ceos and few countries with presidents and space hence countries dont need to compete and they can get away with it...
as far as i have seen most players dont label their corps very well so would be impractical for them to find their corps in your nations not likely to happen im afraid my friend. but i also got 0% tax throughout as taxes dont do anything compared to good high paying profitable corps contributions. and i am a huge ceo with over 1k corps between my 2 and struggle to keep my corps hiring in low tax nations just harder and harder

ah well it was worth a try i suppose :-)

If you are losing money raising taxes is a big mistake.

I have recently sent out a message to all countries I have corps located in revealing their current tax % and kindly requesting that they lower them back to 0%... if it doesnt work I will probably be moving corporations around

How are nations able to remain financially sound without charging any corporate tax? While I understand that Personal Income Tax raises quite a bit of funding, I have found it impossible (if not impractable) to reduce my taxes below 20%. In the real world - lower taxes = economic growth... in this world lower taxes = economic collapse.

I appreciate any guidance from any President.

I have a big problem with players who advertise on the forums or wiki that they are 0% tax to lure CEOs and then raise it afterwards. That's very wrong, in my opinion. Why should CEOs have to make the effort to move corps AND have to pay the fee to people who use the old bait-and-switch?

Times are tough for countries and CEOs alike. Be more considerate.

BC

Lol my taxes have been and will remain 0% :P But people still move their corps out of my countries :P

Worker problems?

@Ken Cooper:
Private companies pay about 40% of their turnover to the countries they reside in. This is called Country Resources Used, and it shows up on your financial statement as "Income from Enterprises"

The amount of money gained from taxes is comparatively quite small.

Additional taxes on corporations are resented by many CEOs. Personally I will keep corporations in any country that has less than 30% tax because I operate under the principle of jamming as many corporations into as many places as possible though obviously 0% tax is preferred.

BorderC I agree with you. I have had it happen many times. It always seems that they don't change the tax until I have 6 corps in the country too. And then I have to pay them? It seems they should be paying me for their deception. Maybe CEO's need to begin looking at making those players pay in other ways....

In some cases, the tax rate is automatically raised as a countries experience difficulties and W3C's automatic "adjustments" take over.

The President of the country is often unaware of the change as his settings will still show 0% Tax.

More excellent programming from W3C.

here is an Idea... send out nice message stating what their current tax rate is and inform them that you would appreciate it as would other ceo's if they lower it back towards 0%

I never realized the game would raise their taxes. How badly does the economy have to be in the country before the game auto-raises the taxes on CEO's? Seems like a good way to hurt if it starts forcing out CEO's. Or worse.

hey just imagine if we all started charging ,it would turn into a tax war to see who could charge the most lol

I think it depends not only on debt but also on how much you lose per month. I'm not sure exactly, but I think its somewhere around 10T debt and losing 50B or more a month. I AM NOT SURE about those numbers, but thats about what I remember in the countries I took.

Taxes start raising after your country has not made a profit in 2 months and they keep raising until your country starts turning a profit

jack is right doesnt have to be any large deficit or large debt just defecit over time and the tax rate on LU can auto raise to 75 quite quickly without players even noticing