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Belgian Taxes

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Olv007
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Belgian Taxes Empty Belgian Taxes

Post by Jofroi 2011-04-27, 09:45

Just as an informative stance, to compare eBelgium taxes to the other countries worldwide:

https://spreadsheets.google.com/spreadsheet/pub?hl=en&hl=en&key=0AnsySFfyjbiJdGVHc0czQWdhTUpvS192VFIzVmRsTEE&single=true&gid=3&output=html

As a resume:

Income Taxes: Belgium is around the average income tax.
VAT: Belgium is one of the countries with the less VAT taxes.
Overall: Belgium is a part of the 30% less taxed countries (The less taxed being Switzerland, of course^^)
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Post by Olv007 2011-04-27, 13:00

So we're good?
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Post by shadowukcs 2011-04-27, 13:04

Olv007 wrote:So we should raise taxes

fix



Having such low taxes is soooooo un-Belgian
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Post by Olv007 2011-04-27, 13:46

shadowukcs wrote:
Olv007 wrote:So we should raise taxes

fix

Shadow don't change my words please.

If I asked this question it is because I wanted to start the debate because the message from Jofroi was more informative.

So ok, you think we should raise the taxes. Start your motivation so we can talk about it.
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Post by Jofroi 2011-04-27, 13:49

Well, as we have the congress donation and that we don't have much expenses, we're fine with our taxes for the moment. We can afford 1 MPP/month which is enough with the usual moves. Now if we want to boost the military or whatever, we'd need to increase it indeed.
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Post by Olv007 2011-04-27, 13:59

It could help I think to stabilize the MM. BEF is devaluated a lot lately, but it's not the only currency I admit.
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Post by Jofroi 2011-04-27, 14:06

It would help if we had to increase the VAT, it is totally true, and that is a reason why I'd be in favor of rising it (but after the update).

Actually, all the currencies will stabilize when the bot input will be equal to the income output.

The problem is that half of the incomes are used in the army, which half goes to employees and thus back on the market again. So the net effect of taxes is low.
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Post by Ward De Bever 2011-04-27, 20:19

I would not pour money in stabilizing the MM, it's admins who need to help in there, not the government.

For producers and for sellers on the local market and for consumers alike, it is a bad move to increase the VAT. At 4% now, it stands right where it should be i think.

Income tax at 10% seems on the high side but still ok to me.

On import taxes however, let me state that we must choose if we want:
- to be competitive only with our bonus regions raws (a flat import tax) and not give a chance to local producers of the 7 non-bonus resources. [An example: a flat 10% import tax on each raws type.]
- or if we want a diverse production base (a 25% higher import tax on non-bonus resources than on bonus resources), which will flatten out the internal competitivity differences among raws compared to the world market. Absolute competitivy would depend on the base setting for bonus recources. [An example: a 30% import tax on Grain, Cattle, Deer, Saltpeter, Aluminium, Oil, Rubber; a 5% import tax on Iron, Fish and Fruit.]


Last edited by Ward De Bever on 2011-04-27, 21:39; edited 2 times in total (Reason for editing : punctuation, brackets)
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Post by Glenn Wauters 2011-04-27, 20:26

Ward De Bever wrote:I would not pour money in stabilizing the MM, it's admins who need to help in there, not the government.

The admins could start off with stopping to print money themselves, THEN we can go stabilise the MM
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Post by Gibberish45 2011-04-27, 20:44

Ward De Bever wrote:
- or if we want a diverse production base (a 25% higher import tax on non-bonus resources than on bonus resources, which will flatten out the internal competitivity differences among raws compared to the world market.

I'm not an economist and this is my first day back since v1 but wouldn't this drive up the cost of goods that are produced using cheap raws from other countries?

I'm all for giving Belgian raw companies a competitive edge but not if it means Belgian citizens are footing the bill through higher prices.
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Post by Ward De Bever 2011-04-27, 21:59

Gibberish45 wrote:this is my first day back since v1
wb!

We must first choose either to be productive in our 3 bonus raws (flat tax) or to support diversification where possible (bonus-dependent tax). Only then we can talk about the overall level of competitiveness in the form of the base tax rate (0% or higher).


Last edited by Ward De Bever on 2011-04-27, 22:02; edited 2 times in total (Reason for editing : quote and wb added)
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Post by Gibberish45 2011-04-27, 22:06

That makes sense. I have no further opinion until I catch up on resource,raws and products because I don't even know what makes what. Crying or Very sad

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Post by Jofroi 2011-04-27, 22:12

I don't think that we should go for an import-export based economy but more on an independant one. But that's a personal opinion.

The advantage is that this will lower the transactions on our MM and the departure of gold to foreigners but the disadvantage will be that we'll produce less and that our competitivness will be lowered.
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