the LA's we got now is pre sold investment LAs and 5% is the lowest level of tax set by MA for presold investment LAs, I'll dig up that post EDIT: found it:
Yesterday someone tell me that actually this 5% at 8 coins LAs is not active, because LAs hasn't owners yet. As for me if i see message that in this territory tax=5% - i believe in this tax. And believe that this 5% will be taken from my loots. My question: Is this 5% tax is active and i pay it by hunting and mining in this LAs (8 coins) ?
The land areas at 8coins and Sanctuary Cove are all owned since before launch by Arkadia investors, so yes, I believe the tax is active or we wouldn't be seeing those notices. MindArk set the tax rate for them rather than the landowners however, so don't blame them they are so high
You're lucky the Australian Government doesn't own a landarea... they'd charge 47% on loot, and then a 10% VAT/GST on anything from the TT... oh and if you happen to mine for oil, well you'd be paying a carbon tax on top of all of that... Carry on... lol
Lol Van! KJ, he's not far off though. Top bracket at the moment is 45%: http://www.ato.gov.au/individuals/c...001/002/046/002/002&mnu=42570&mfp=001&st=&cy= And then of course if you wanted to sell the land area, you'd have to consider capital gains tax, and the buyer would be paying stamp duty, and then it's likely that in there somewhere someone would have to worry about GST, and maybe some stamp duty on the stamp duty. And then insurance stamp duty for a laugh while you're at it. Oh, anyway, back on topic: yeah the LAs have been owned since before launch as Lee said, and the 5% was set by MA I thought.
I own the 8 Coins area and it should have their ownership set properly and the tax set at 5% as specified by MindArk. Even if something isn't set right and I'm not marked as the owner the set tax rate will still apply, and I'm pretty sure all areas are set at 5%. If you think something is not setup right then let me know and I'll go check it. Bye, Deathifier
