The Government,
in its wisdom, believes that Taxation should
come from Natural
resources, Visitors,
and Trading
partners, but not from its own people.
This stems from
the original Western Settlement of Fortunata - where wealthy
traders attempted to set up a tax haven.
So now, the majority
of taxation is on those companies that wish to use their natural resources.
Everyone else is effectively tax free, except for some large imported luxury goods that
the the government wishes to limit.
There is no income
tax, property tax, sales tax etc… so the layers of government are much fewer and
the policing of the tax apparatus requires a Taxation Department consisting of
eight people.
Of course Fortunata
exports almost all of its ore to other countries, so the income from exports equates
to the country's Gross Income.
There are other
exports that make money for the government, taxes on 'Gresso Artworks
and Publications' have been exceptional in recent years along with taxes on IT
companies that want to use their international web address (.FU) or
be established in a remote region that is serviced by more satellites per capita
than any other country on earth.
The Rare Earth
industry first established in the country in the 1970s has also skyrocketed for
the tiny island group, netting billions in recent years.
If
the country wishes to undertake large infrastructure growth as
they did when they rolled out high speed internet to every
business and household free of charge, policy dictates that
increasing trading agreements is preferred over increasing
prices or limiting production to inflate prices.
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