Tax rates in Sparkalia: Difference between revisions
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Revision as of 09:27, 25 March 2023
This is a list of tax rates on Sparkalia. Comparing tax rates among countries is difficult and somewhat subjective due to the wide variety of economic systems on Sparkalia. Tax laws in many countries are extremely complex, and tax burden may fall differently on various groups in each country or sub-national unit.
National progressive or regressive tax National flat tax No national tax, local taxes may exist
Country/Region | Capital gains | Carbon | Church | Corporate | Fin. transaction | Gift | Income | Inheritance | Land value | Payroll | Poll | Property | Retention | Transfer | VAT | Wealth | Tariff |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Kursibar | 5% | 10% | N/A | 10% | N/A | N/A | N/A | 100% | N/A | N/A | N/A | Varies | N/A | Varies | 30% | N/A | 35% |
Kursibari tax law is inextricably tied to the EAA's terms and conditions, and therefore is levied more often on Kursibar's corporate children than Kursibari individuals. | |||||||||||||||||
Lurynia | 10% | 10% | 10% | 10% | N/A | 5% | 10% | 10% | N/A | N/A | N/A | 2.5% | N/A | N/A | N/A | N/A | N/A |
Lurynian Tax Policy has various progressive taxes across the board, though it does not pursue a wealth tax. In addition to these taxes, sub-national jurisdictions are able to collect taxes to a smaller extent to fund the difference between their annual revenue grant from the Magocracy and their budget. | |||||||||||||||||
Ostrov | 8% | N/A | N/A | N/A | N/A | N/A | 8% | N/A | N/A | N/A | N/A | N/A | Income tax withheld by employer | N/A | N/A | N/A | N/A |
Ostrovian politics is highly centralised and divided between two parties. The Farmers' and Workers' Union, a conservative party which dominates among residents of rural areas and farmers, has historically supported a sales tax, believing that it would be more economically efficient. The Justice Party, a social-democratic party which enjoys support in towns, supports a progressive income tax, on the basis that it would encourage higher earners to "pay their fair share" to support healthcare, policing and education, the three key public services. And neither party supports corporation tax, believing it to be unnecessary when many Ostrovian businesspeople are sole traders (such as farmers).
The current 8% income tax - levied on anyone who earns more than LS5,000 - is, in large part, a compromise. Although the early Ostrovian state was highly dependent on tariffs - primarily from Lurynian imports - to fund government services, some members of the Union were concerned that it was pricing most Ostrovians out of services. The 15th century AR, a century of electoral success for the Union, was one of a shifting tax burden: in 1428, a 2% income tax was introduced while tariffs on many goods were cut; the rate was flat because they had to rely on support from Justice backbenchers after some of their own announced they would not support an income tax under any circumstances. The income tax rate was increased to 3% in 1452, 3.5% in 1470 (and then 4% in 1475), and 5% in 1507 - although it was reduced to 4% when the Justice Party was in government between 1521 and 1533. In 1560, when Ostrov unilaterally abolished all tariffs, it increased the tax rate to 8% to compensate. The income tax is deducted by employers when their employees are paid, although self-employed individuals - most importantly farmers - must file their own tax form. The Capital Gains Tax was introduced by the Justice government in 1484 and indexed to the income tax level. CGT must be declared on a separate tax form. All tax forms are available on request from the Department of Revenue - and those who do not readily declare tax when they are required to fill out a tax form may be subject to punishment. | |||||||||||||||||
Template:Country data Santi Rasta | 10% | 0.01% | 1.5% | 15% | 0.02% | 30% | 5% | N/A | 0.2% | N/A | N/A | 5% | N/A | N/A | 5% | N/A | N/A |
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Voidkree | 5% | 10% | N/A | 10% | N/A | 5% | 5% | N/A | 20% | N/A | N/A | N/A | 5% | 15% | 15% | N/A | 20% |
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