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DispatchFactbookLegislation

by Myamerica. . 45 reads.

Account of Legislation

The Taxation Allowance Act of 2019: 

-The Region shall set up a Tax system 
- The Taxation system shall consist of one flat tax 
- The Rate of that Tax shall be Six Percent
- Tax Evasion shall be considered a crime punishable by the courts
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Tax Reformation Act of 2019

I. Relief Clause
Until such time as the act be revoked or replaced, the flat tax of the region shall be lowered to 5% from 6% to provide greater relief for the financial middle to lower class.

II. Luxury Clause 
Any Nation holding more then 1,000 RUNIC's shall pay 20% of their wealth on tax day.

III. Any company that does business or holds wealth shall pay 40% of their wealth on Tax Day.

IV. Any part of the former Tax act, not directly contradicted by this act shall remain.

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Financial Independence Accord (FIA)

I. Keenan doesn't have to pay taxes as long as he doesn't make money.
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International Bank of The Assembly of United Nations Loan Process

- Loans can be taken from the IBANU at a rate of no lower that 10%.
- Loan interest will be payed on a weekly basis.
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Systemic Prevention of Advanced Monopolies Act (or SPAM Act)

-One Nation must not own a Super Majority (66%) of stocks in the region

- The Government can change the above limit at it's discretion to avoid the monopolization of the stock exchange.
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Judicial Independence Accord 

- Because Keenan doesn't have to pay taxes as long as he doesn't make money
- speech is money 
-so pretty much he doesn't have to follow laws
-or something
-P.s he can be in government cause what the heck
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Tax Reformation Reformation Act

- Just Kidding about the 40% and 20% rates in the previous act. The Luxury Tax will now be 20% and the Wealth Tax specified in Clause III of the previous act shall be cut down to 10%
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Responsible Loaning and Interest Deductible Act of 2019 
-When anyone who has taken out a loan pays an interest payment. An amount equal to 2% of that payment shall be served to the government.

Myamerica

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