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504» Forums » Rules

Subject: Dividends vs Taxation in 93x and 39x rss

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Joseph Anderson
Australia
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Okay another rules collision here. Dividends are paid in phase 4 after everyone has had their turn. Taxation occurs in phase 2 of the next round. by this point the company income has already been allocated, so how does taxation work.

Dividends clearly need to be paid before the next share round occurs in order for players to have capital to do things with. do you have to just remember what income was made and tax that next turn? do you treat companies that paid dividends as having reduced income? nothing quite seems right.

Edit: If you pay taxes on full income and there is not enough money in the company assets I think the president needs to make up the shortfall, but that is just taken from the rules for maintenance cost.
 
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Jorgen Peddersen
Australia
Sydney
New South Wales
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I believe Income is Income and is not reduced by dividends or maintenance.

You have to remember the previous round's income in all other 3.II worlds, so this seems no different, apart from it perhaps being delayed by a share round occasionally.

In this particular World, it's probably best to write down the income each round for the next time you'll need it.

As for the edit note, I wouldn't pay the extra out of president's funds. Those rules are only in place for the payments the Shares module forces you to make, it doesn't provide a general rule that the president makes up for any other payments as well.
 
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Joseph Anderson
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These are the only combinations where your income isn't still set aside before tax is calculated. you can mark each company's income on the share track with one of that company's residents. You can round income down to a multiple of 10 (as that is what income is calculated on), you just need to remember who was higher and lower if the rounding brings two companies to the same income.

Taxes and maintenance are the only costs for companies that are not elective. So maintenance and tax are the only times a company is asked to pay when it may not have the money. It doesn't seem thematic that a company can pay all its money on dividends and avoid taxes because it has no money.

It needs to be addressed one way or another because the rules do not account for a situation where there is no maney left for taxes to be paid out of.
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Henning Kröpke
Germany
Ascheberg
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Officially clarification:

Worlds 39X
During the income phase, the presidents need to memorize the amount of income.

In the dividends phase the companies pay half the income to share holders and place the remaining money in their company assets.

During the next player order phase, the companies will have enough money for paying taxes, as they always keep half of the income during the dividends phase.

Worlds 93X
During the income phase, the presidents need to memorize the amount of income.

In the dividends phase the companies either pay dividends or keep the whole income and place the remaining money in the company assets. Then they pay the maintenance costs. If necessary, the presidents must pay remaining maintenance costs.

During the next player order phase, the companies must pay taxes. If they do not have enough money left in the company assets or if they are dead broke, they pay all remaining money in their company assets. The presidents do not pay remaining taxes!

Henning
(2F-Spiele)


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Jack Spirio
Austria
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So in 39X player get only 5% per share, right?
This is an official errata and should be added there, so you can print it and put in your game
 
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Jorgen Peddersen
Australia
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Jack Spirio wrote:
So in 39X player get only 5% per share, right?
This is an official errata and should be added there, so you can print it and put in your game
The rules actually state that already, Jack. With 9.II, dividends are $1 per $20 of income, so if all 10 shares are owned by players, the company distributes half its income.
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Jack Spirio
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Ok, sorry, Mixed it Up with 9.I
 
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