New storage - new taxes?
Day 1,212, 09:36
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Published in India 
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by
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by Fireredsky
New storage - new taxes?
As you can see admins introduced their new idea - storage. In my opinion it's the best idea they had in last months, but now we have new issue to solve. Managing companies is much easier now, but the real problem for economies of small countries is new licence system.
Number of licences has rapidly increased. Why? F.e. In 3 Indian companies (iron, weapon, grain) Mr Brown had 1 extra licence in each, he could sell iron to Italy, weapon to Israel and grain to USA. Now instead of these licences he has 3 licences for all companies, so Mr Brown can sell iron, weapon, and grain to these 3 countries, it's the same, if in a former version he had 9 licences!!!
What does it mean for eIndia? Many people have now over 20 licences for all of their companies. There will be a flood of imported goods and raw materials in India, prices will go down, then salaries will go down. For player it's almost the same to earn 20 INR and buy 20 food for 1 INR each or earn 10 INR and buy 20 food for 0,5 INR each. But for State it's huge difference between VAT from 1 and 0,5 INR. What we can do to keep our treasury full?
The best option is to raise import taxes a bit. 10% is enough, it means 0,01 INR from every sold unit of raw material (0,06 from food, 0,5 from weapon, etc), it's also a booster for eIndian manager. He can sell f.e. iron for 0,07 INR, while foreigner must sell for 0,06INR (0,07 INR with tax!) to make his price competitive.
Dear eIndian congressmen, please consider my proposal, it's good for the country and for citizens
Fireredsky
As you can see admins introduced their new idea - storage. In my opinion it's the best idea they had in last months, but now we have new issue to solve. Managing companies is much easier now, but the real problem for economies of small countries is new licence system.
Number of licences has rapidly increased. Why? F.e. In 3 Indian companies (iron, weapon, grain) Mr Brown had 1 extra licence in each, he could sell iron to Italy, weapon to Israel and grain to USA. Now instead of these licences he has 3 licences for all companies, so Mr Brown can sell iron, weapon, and grain to these 3 countries, it's the same, if in a former version he had 9 licences!!!
What does it mean for eIndia? Many people have now over 20 licences for all of their companies. There will be a flood of imported goods and raw materials in India, prices will go down, then salaries will go down. For player it's almost the same to earn 20 INR and buy 20 food for 1 INR each or earn 10 INR and buy 20 food for 0,5 INR each. But for State it's huge difference between VAT from 1 and 0,5 INR. What we can do to keep our treasury full?
The best option is to raise import taxes a bit. 10% is enough, it means 0,01 INR from every sold unit of raw material (0,06 from food, 0,5 from weapon, etc), it's also a booster for eIndian manager. He can sell f.e. iron for 0,07 INR, while foreigner must sell for 0,06INR (0,07 INR with tax!) to make his price competitive.
Dear eIndian congressmen, please consider my proposal, it's good for the country and for citizens
🙂
Fireredsky
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Comments
raise import taxes a bit. !!!!!!!!!!!!!
100& agree....Must riase Import taxes, espically for iron.
btw...who is Mr.Brown...? :d
dude i have been talking abt this since some days
import 33 %
income 5 %
vat 8 %
Hey buddy,
Good thought raised. Like others country citizens, even our country citizens have the option of using licenses. And when they smartly choose which country to sell, they can definitely profit from it.
On the other hand, when ppl import stuff into our country, our MM gets stronger as there will be constant need for converting INR to gold. This is as far as tax goes. By increasing import tax to 10%, say for eg. Country A's citizen sells gun for 10 INR, there is a chance that our businessmen might use that 10 INR as the base rate and can sell at about 9.99 INR when they can make a profit of 20% even if they sell at 9 INR. If you want the cheapest product for us + MM to be strong, open market is the only option... In my opinion, sorry buddy I can't support your idea.
But at least a tax of 5% or less will keep our products' prices in a not so high limit and at the same time save some import tax to our treasury....
I fully agree with navin. as it is i have noticed that currently the Indian MM is in a very weak situation. It keeps on fluctuating hugely.
navin the problem with using our export lic is that none of the countries have 1 % imports
the import is more in others countries
i guess it is creating an imbalance in our mm
foriegn companies need gold not inr
they will sell inr n buy gold
and use that gold for themselves or their country
and therby reducing gold in our market n increasing its price
yesterday gold was selling for 86inr n today 92 inr
Hmmm.. Sharry, Foreign companies need gold and not INR, agreed. They have to sell INR right... Amd someone has to buy INR right??? As per that condition when no one buys INR, the foreign co owner cant sell his INR therefore he will be forced to sell the INR at 0.011g which he was previously trying to sell at 0.012g. Our guys who are interested in that small dip, will pounce and clear that sale. Now that my friend, will bring down the value of gold.. And I hope someday 1 g = 40 INR or even less.
The 86 INR - 92 INR, i knew it 2 days back itself.. If you remember right, I told you that unless there is a balance for buying INR (selling gold) and selling INR (buying gold), the MM will be on positive curve or a negative curve.
It will also be better if we have more experts comment on this article.
I totally agree with sharry. eIndia is the only country with such low taxes.
voted and i agree with sharry
navin thats the only problem
the falling prices of inr
the less the price of inr the more the price of gold
1 inr = 0.012g(1g=83.33 inr)
1 inr = 0.011g(1g=90.90 inr)
foreigners wont bother selling at 0.011
but what matters is that the gold prices are going up
Import taxes on finished goods really doesnt mean much now.. If I am a foreigner wanting to sell my goods in India bypassing import tax, All I need is to have an agent who is an indian citizen (even a multi will do). I donate all my finished goods to him and he sells it locally in India without the levy of import tax. So I really dont know what will this increase in import tax do..
the multi or agent thing dosnt make any sense
multis will get banned
agents will charge commision or run away
if it makes sense
are we gonna c 100 multies controling our market?
v
this effect can be counter by raising tax on imported goods that eIndia able to produce our self.
increase import taxes to 25%
Sharry.. All I am saying is that import tax will no longer be the deterrent it is expected to be. About Agents running away, well, the black market works.. doesnt it??