K
Kamidan (Golden Rainbow)
All worlds
24 May 2008 07:07Link
I have a corporation that's privately held in my country and it's listing 0 taxes paid, and 0 profit payments paid, why would this be?
Here is it's stats:
Cash at start of previous month 20,463.76M SC$
Salaries Paid -124.08M SC$
Interest Paid -7.41M SC$
Country Resources Used -1,802.77M SC$
Fixed Property Cost -89.50M SC$
Maintenance Products Bought 0.00M SC$
Raw Materials Bought -56.40M SC$
Raw Materials Sold 0.00M SC$
New Loans Taken 0.00M SC$
Loans Paid Back 0.00M SC$
Tax Paid 0.00M SC$
Profit Payment Paid 0.00M SC$
Upgrades Bought 0.00M SC$
Damage Repair Paid 0.00M SC$
Products Sold 4,506.95M SC$
Manual Cash Transfers 0.00M SC$
Automatic Cash Transfers 0.00M SC$
Income New/Cost of Retracting Shares 0.00M SC$
Cash beginning of this month
Here is it's stats:
Cash at start of previous month 20,463.76M SC$
Salaries Paid -124.08M SC$
Interest Paid -7.41M SC$
Country Resources Used -1,802.77M SC$
Fixed Property Cost -89.50M SC$
Maintenance Products Bought 0.00M SC$
Raw Materials Bought -56.40M SC$
Raw Materials Sold 0.00M SC$
New Loans Taken 0.00M SC$
Loans Paid Back 0.00M SC$
Tax Paid 0.00M SC$
Profit Payment Paid 0.00M SC$
Upgrades Bought 0.00M SC$
Damage Repair Paid 0.00M SC$
Products Sold 4,506.95M SC$
Manual Cash Transfers 0.00M SC$
Automatic Cash Transfers 0.00M SC$
Income New/Cost of Retracting Shares 0.00M SC$
Cash beginning of this month
P
Pink Floyd (Fearless Blue)
All worlds
24 May 2008 08:06Link
Private corporations don't pay out profit payments to you. They pay those to the owner of the corporation. In this case, the owner likely has it set to 0% because CEOs can manually transfer cash out of the corp, so there is no need to have it higher. CEO corps payout country resources used fee to you, which is listed as -1,802.77M SC$ for this particular corp. Now for why taxes are 0, I cannot say. My best guess would be that you have taxation set to 0% for your country. You should double check that.
Edit:
Another explanation for tax is that the corporation is making a negative income. They only pay tax on positive incomes.
Edit:
Another explanation for tax is that the corporation is making a negative income. They only pay tax on positive incomes.
K
Kamidan (Golden Rainbow)
All worlds
24 May 2008 09:35Link
Double checked my tax rate is set to 21 (was 13), but seems to me they should be paying taxes on any income not just positive income, but if that's the way the game calculates it theres nothing I can do about it, except take the 1,802.77M and smile or ask the CEO to move it out of my country since it's taking up valuable employees.
Thanks for the reply.
Thanks for the reply.
J
josias jorvick (White Giant)
All worlds
24 May 2008 11:47Link
country resources go directly to u, 1.8 is a little low, but not bad, thats 1.8b a month its paying to you, to do business in your country, before taxes...
K
Kamidan (Golden Rainbow)
All worlds
24 May 2008 17:42Link
Well I checked it again, and it still shows 0 taxes paid even though it's also now showing that a profit is being made. I think somethings whacked here. I don't really want to contact the owner of the corporation and ask him to remove his corporation (to free up some more employees for my own corporations (or someone elses) which could be making more than 1.8B.) but there should be at least something in the charts that show he's paid taxes at some point in time since Nov 2553 but there isn't, it's nothing but flat lining.
By the way what constitutes country resources used?
By the way what constitutes country resources used?
P
Pink Floyd (Little Upsilon)
All worlds
24 May 2008 23:08Link
The country resources used comes out to 36% of its turnover before taxes. It is just the fee for using your countries infrastructure to operate the corporation. Can you give me the name of your country and the corp in question so I can take a look.
K
Kamidan (Golden Rainbow)
All worlds
25 May 2008 07:51Link
The corp in question just took a huge leap in June to 251M paid in taxes, prior to that it was at 0 since Jan 2554.
So I guess it's resolved now, but if interested the corps name is Parker Home Equipment in the country of Almont
So I guess it's resolved now, but if interested the corps name is Parker Home Equipment in the country of Almont