Simcountry
Forum Problems CEO financial statement is misleading

CEO financial statement is misleading

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Andy

All worlds
10 Mar 2020 15:17Link
CEO Taxes

I promised to write about taxes in enterprises.

Enterprises pay a low level tax on its profits.
the tax level depends on the profit of the enterprise and the number of corporations in the enterprise.

An enterprise with 400 to 800 corporations, pays a very small percentage.
Enterprises with more than 800 corporations pay a bit more but in both cases, the amounts are small.
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Lord Mndz

All worlds
10 Mar 2020 18:05Link
Hi Andy, thanks for the update.

Can you clarify the exact numbers of the CEO profit tax, is it calculated before or after the other taxes, this makes a huge difference.

The CEO tax increases if i rise profit share, is it a bug?

I think the situation will be more clear when you add net profit information.
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Daniel Iceling

All worlds
10 Mar 2020 23:12Link
Lord Mndz,

Higher Profit Transfer rates, trick the game into thinking an Enterprise/Country is more profitable than it actually is.

The game doesn't count automatic transfers, when a Corporation's cash gets high or low. In it's profit calculations.

Because an Enterprise pays tax based on it's profitability. That makes the Enterprise Tax increase, when Profit Transfer is high. Just set Profit Transfer to 0% for your Enterprise. You'll still get the money in automatic transfers, when Corp Cash gets high, but you'll make the game think you aren't making money, so it won't tax you so much.

You can do the opposite in countries to inflate the Finance Index. Setting Profit Transfer to 100% makes the game think your country is really profitable. When in reality, it's actually just handing the cash straight back to the cash depleted Corps, through automatic transfers.
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John Galt

All worlds
11 Mar 2020 03:25Link
I do the exact same thing Daniel.
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Lord Mndz

All worlds
11 Mar 2020 06:36Link
Daniel, I do understand that but this is not what I am asking Andy to clarify and fix.

Enterprise tax should only be calculated from net profit and nothing else. No profit tax in the world is meant to cause the company to make losses, it is only meant to reduce the net profit.

All money collected from taxes are used by the goverment to improve life for people, but this CEO tax does not improve anything for the countries where CEO corporations are located, that is why i am asking to replace it with something that helps countries like tax of resources used.

I don't like that i am forced to set profit tax to 0, because game cannot understand net profit and calculate ceo tax correctly.
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John Galt

All worlds
11 Mar 2020 14:55Link
I think enterprise tax should just be eliminated. Country resources used tax and profit tax is enough of a tax burden. The enterprise tax appears to be partially influenced by the total number of corporations you have. I am working on two DWM exclusive CEOs, and they only have around 300 corps each right now. The enterprise tax percentage for them is way lower despite the high profits. With my old huge CEO I was paying around 30-35% enterprise tax. Right now it is paying 19% due to the smaller number of corporations.
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Andy

All worlds
18 Mar 2020 12:14Link
The tax only applies to large and generally very profitable enterprises.
Enterprises are financially attractive and bring high profits if handled reasonably.
the larger they are the more profitable they can become.

the question is, how profitable is good and does it need to go sky high?
why?
it must all stay within reason and comparable to what countries can do.
Increasing the profits even higher is not an objective in the game.
Making it possible for players to create empires and enterprises that are doing good, is.

making it very hard to be profitable is also not what we aim at.

the thousands of parameters in Simcountry are generally in balance and sometimes they are not and we listen to reason and make changes.

however, the tax levels in enterprises are within reason.

Work here is a bit hampered by the corona problem but not severely.

We hope that the better explanation of the
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John Galt

All worlds
18 Mar 2020 20:25Link
CEO pays 20% tax on gross income. 30% tax on profit (on average), and then another 30% on top of all that for enterprise tax. Seems excessive to me.
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Lord Mndz

All worlds
18 Mar 2020 20:32Link
Hi Andy,

CEO has the only objective in the game which is to make money. Can it be limited how good you could become? I think not because any such limitation just makes you stop playing when you reach it.

I don't have any problems with my CEO profitability i just want the taxes i pay to be distributed to the countries where i have built my corporations. But small CEO do have the profitability problems. They cannot grow from the cash they generate, because they don't generate cash.

It is very wrong balance that for the CEO it is better to build corporations in c3 countries instead of looking for countries with presidents. This situation kills interaction between the two. I cannot believe w3c wants such relation between CEOs and presidents..

Empire game vs CEO game is not equal, the best proof of this is increadibly small number of people playing CEO to compare with number of countries. I think everybody including fr
A
Andy

All worlds
22 May 2020 16:45Link
Enterprises do not take part of the corporations profit.
we allow CEOs to decide where they want the profits.

we do allow CEOs to move cash freely between the enterprise and the corporations.

we are now adding a feature that will allow small CEOs to build Natural Resources corporations.
this is a very profitable proposition for them.
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Lord Mndz

All worlds
23 May 2020 11:15Link
Andy, is the ceo financials page upgrade is still planned?
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Lord Mndz

All worlds
17 Oct 2020 06:46Link
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