Simcountry
Forum Beginners Tax Income (Little Upsilon)

Tax Income (Little Upsilon)

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Slipstream (Little Upsilon)

All worlds
21 Aug 2011 21:32Link
Newbie question... There's one private corp in my country that never pays taxes. This company has a 999 P/E, always runs in the red, retains some product for some contracts, and it's employment level is always 100%.

So is it beneficial to have a corp on your planet that pays no taxes but does employ your people? Maybe it's even common, I'm too new to know. lol

My country is Catalina on LU, and thanks in advance.
W
white darkness

All worlds
22 Aug 2011 01:46Link
It employs people, they're not on the dole. So what if it doesn't pay taxes. It won't because it's not making a profit.
M
Matt Patton (Golden Rainbow)

All worlds
22 Aug 2011 21:40Link
It pays country resources used
no profit no tax
S
Slipstream (Little Upsilon)

All worlds
22 Aug 2011 21:48Link
Thanks for the help. I've got soooo much to learn!
C
Crafty (Golden Rainbow)

All worlds
23 Aug 2011 00:02Link
A lot of countries dont even charge private corps any tax. That encourages more enterprises to have corps in your country. Like Matt tried to say, these corps will pay you 'country resources used' which is far far more than tax could ever be. The responsibility on your behalf is to make sure there are enough workers and the welfare for corps is over 100, largely effected by employment rates and transport index.
Private corp employees also pay income tax (about 40% I think) which helps too :)
S
Slipstream (Little Upsilon)

All worlds
26 Aug 2011 16:11Link
Great help, I'll let the tax go and get my employment higher. Thanks!
S
Slipstream (Little Upsilon)

All worlds
30 Aug 2011 22:46Link
Strange, that company pays no tax and no country resources either. Still, as ya'll pointed out, my country's employees have jobs and do pay income tax.
M
Matt Patton (Golden Rainbow)

All worlds
20 Sep 2011 01:09Link
probably its new if it don't buy upgrades or it sells at best price then buy it