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Public corps! (Little Upsilon)

Topics: Help: Public corps! (Little Upsilon)

Andrews Munoz (Little Upsilon)

Thursday, February 26, 2009 - 07:30 pm Click here to edit this post
hi, could someone help me.
what are the basis things to know to make "Public corps" high valuable and pay profit to the country?.
i have profit transfert at 77% and 0%tax but they seem not paying tax. thnks

Maxwell 'Danger' Powers (Little Upsilon)

Friday, February 27, 2009 - 12:58 am Click here to edit this post
Public corporations are, i believe, owned by share holders. The profits from these companies go to the owners proportional to the number of shares owned. So if I own 50% of the shares, i will get 50% of the profit the public company makes per month. If you dont own any shares then none of the profit that public corporations in your country make will go to you, no matter what you set your profit transfer for *state* owned corporations.

As for the tax question, tax is payable by all corporations in your country regardless of their status (public, national, state etc). If you set tax to zero, you wont get any tax payments. However, if you set your tax too high, your non-state companies might move out of your country.

I hope that helps!

Andrews Munoz (Little Upsilon)

Friday, February 27, 2009 - 03:37 am Click here to edit this post
thnk very helpfull!

Zdeněk Pavlovský (Fearless Blue)

Friday, February 27, 2009 - 03:07 pm Click here to edit this post
Public CEO owned, or for that matter also Private, corporation contribute to country income through what is called in country "Profit & Loss" table "Income from Enterprises" which is a figure, from CEO point of view, called "Country Resources Used".

Country Resources Used and/or Income from Enterprises is kind of tax and it's around 40% of turnover or product sold in terms of SC$.

It's important to note that this income is independent from profitability of a corporation and the only thing what matters is turnover.

Profit transfer is what is used for State, National or Country controlled Public corporations, corporations owned by a country, and I personally believe it does not matter all that much if it is set to 99% or 0%.

The reason being that "excess" of cash from country owned corporations will get transfered to country no matter what and the Profit transfer then is used only as boost to Financial Index. In other words, if one does not care about a boost to FI, setting Profit transfer to 0% will help to ensure that corporations have enough cash and do not need to take loans. Low Profit transfer, as well as tax, will also help corporations to reach higher Market Value, which can be desirable for certain purposes and situations.

Andrews Munoz (Little Upsilon)

Saturday, February 28, 2009 - 03:39 am Click here to edit this post
these explain all my matters, thnks.

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