Chapter 1255 (1/2)

Chapter 1255: Graycastle ”Yuan”

Below the policy was a sample application form

Applicants not only had to provide their personal information but also their transaction records Victor skih for several times, and suddenly, the truth flashed across his mind

He finally understood the purpose of the new policies as his eyes shoveled between the fourth and fifth articles It gradually dawned on hi these two rules was to increase tax revenues!

Like ation to pay commercial taxes However, the problem was that not every le pay merchants He was indeed one of the feho paid the taxes every time

Merchants who had real estate properties would, more or less, pay taxes partially, but those who leased the pre merchants almost never paid Without the previous patrol team who had constantly blackmailed merchants, Neverwinter provided small business owners with a perfect, and even better tax-free zone than Valencia and Eagle City Because of the great business environ's city within a very short period of tie

The application could waive the currency exchange transaction fee, but applicants would also need to provide their sources of revenues Then the Ads based on the information on the application form

Was there no other way to evade taxes?

There certainly was Merchants could exchange the new currencies for gold royals and sell their iteht from Neverwinter souaranteed solution

nobody could assure that the revenues would be exactly the same as the expenses To maintain the business, one should possess more new currencies than the old ones The only way to achieve this goal was to either exchange new currencies for gold royals or reserve the gold royals for the future

As tiressed, merchants would, inevitably, have a certain amount of new currencies and realize that they were easier to use and carry Gradually,theold royals at first and then slowly, directly use theoods

This o, Neverwinter would always benefit from them!

What was clever about this policy was that it did not really prejudice the interests of merchants In fact, it was quite considerate of s

The declaration could increase the municipal tax revenues and thereby create a better business environal business owners actually benefited from this policy as well

For merchants who chose to use the new currencies, there would not be much difference They could still evade taxes and press others to also use the new currencies Since all transactions in Neverwinter should be conducted via the new currencies, the new currencies would gradually replace gold royals and spread out to the territories beyond the jurisdiction of the King of Graycastle!

Victor also noticed that the whole currency reforive people tie

Without a doubt, the new currencies would be legally effective as long as the King of Graycastle took control of food in his domain, not only because of the implementation of the currency policies but also because Neverwinter itself was a large ht not even have truly thought about the policy It was pretty shortsighted of them to abandon such a lucrative market simply because of the currency reform