Ma-tek
16-11-2003, 19:57
NENYA, Sunday - It came as something of a shock to find the report on my desk come this morning, but plain as day, there it is. The Imperial Economic Court Noble Judges voted 19-2 in favour of a relaxation order on ITC Import Tax as well as Foreign Operating Tariffs; with the relaxation set at an 'envelope' of between '5 and 12 percent' - with a 1% further relaxation mandatory within 12 months - this is sure to come as good news to those foreign corporations and companies that operate inside the Empire. The average such corporation can expect a cut in both taxes to something like 21%, instead of the previous 30%.
Some market analysts are skeptical that the relaxation will produce the effect desired - seen as an alternative to lowering the already-low real-figure interest rate (currently at a flat 3.1%), the relaxation is hoped to be the catalyst required for increased real-GDP growth for the Empire as a whole; the so-called 'real-figure' (taking consumer inflation into account) currently is at 0.01% and steady. However, with greater competition for ITC-owned economic assets, the market looks set to heat up over the next twelve months, with most forecasters predicting a long period of growth into the forseeable future.
However, there is a downside to this seemingly good news: the threat of a tiny rise in unemployment (currently at 1,348 persons amongst the potential workforce) may cause tension inside Imperial House, perhaps resulting in an attempt to pass legislation to lessen the potential blow to EOTED corporatations such as slowly-recovering Imperial Energy. Investors are on the whole upbeat, with many predicting a small, perhaps not even noticable downwards trend in the first few 'ticks' of the new system, and the remainder failing to see a problem at all.
Some members of the social elite, however, see things differently. "I don't see why those foreigners ought to be allowed access to our market, you know? What right do they have to interfere? I've run this business for twenty years, even before the Dawn, and I don't see why I ought compete against foreigners for workers," stated Rhea Burgers owner Elrich Rumin Menjda.
All in all, however, the experts appear to predict a solid future for the powerful EOTED economy, following the success of the first year of the glorious Empire of the Eternal Dawn.
--Article by Ihrlin Shaf ux-Rihad--
What do you think? Please feel free to send comments (or complaints) on the content of this article, or the styling of the writing to questions@INN.tm (EOTED) or questions@INN.mesh.di (international)
~ Sources: intra-EOTED: mesh:\\ein.INN.tm ; extra-EOTED http://www.INN.mesh.di
Some market analysts are skeptical that the relaxation will produce the effect desired - seen as an alternative to lowering the already-low real-figure interest rate (currently at a flat 3.1%), the relaxation is hoped to be the catalyst required for increased real-GDP growth for the Empire as a whole; the so-called 'real-figure' (taking consumer inflation into account) currently is at 0.01% and steady. However, with greater competition for ITC-owned economic assets, the market looks set to heat up over the next twelve months, with most forecasters predicting a long period of growth into the forseeable future.
However, there is a downside to this seemingly good news: the threat of a tiny rise in unemployment (currently at 1,348 persons amongst the potential workforce) may cause tension inside Imperial House, perhaps resulting in an attempt to pass legislation to lessen the potential blow to EOTED corporatations such as slowly-recovering Imperial Energy. Investors are on the whole upbeat, with many predicting a small, perhaps not even noticable downwards trend in the first few 'ticks' of the new system, and the remainder failing to see a problem at all.
Some members of the social elite, however, see things differently. "I don't see why those foreigners ought to be allowed access to our market, you know? What right do they have to interfere? I've run this business for twenty years, even before the Dawn, and I don't see why I ought compete against foreigners for workers," stated Rhea Burgers owner Elrich Rumin Menjda.
All in all, however, the experts appear to predict a solid future for the powerful EOTED economy, following the success of the first year of the glorious Empire of the Eternal Dawn.
--Article by Ihrlin Shaf ux-Rihad--
What do you think? Please feel free to send comments (or complaints) on the content of this article, or the styling of the writing to questions@INN.tm (EOTED) or questions@INN.mesh.di (international)
~ Sources: intra-EOTED: mesh:\\ein.INN.tm ; extra-EOTED http://www.INN.mesh.di