Jump to content
The High Realm of Stormark
Sign in to follow this  
High King Harald

Act on the Transaction Tax of Year 14

Recommended Posts

351stfq.png

Law of Stormark
Act of the Althing

AN ACT TO INTRODUCE THE TRANSACTION TAX TO THE REALM OF JOY; TO ABOLISH ALL OTHER EXISTING TAXES IN THE TWENTY-SIX JARLDOMS; AND TO MAKE PROVISION FOR MATTERS CONNECTED TO THE AFORESAID.

Most Gracious Sovereign Lord and Ruler of all the Lands Whatsoever Where Man Can Smell the Scent of Saline Waters or Hear the Sound of Crashing Waves,

WHEREAS it recently has become a concern widely felt in the Lands of the Longships Throne that the various systems of taxation which are currently in existence in the aforesaid Realm of Joy have become outdated and quite unduly burdensome for individuals and organisations alike;

AND WHEREAS we, Your Imperial and Royal Majesty's Most Faithful Jarls in the Althing assembled, have most joyously endeavoured to exercise our Supreme Legislative Authority to, for the benefit of Storish Society as a whole, address the deficiencies, lacks, and other issues concerning taxation in the High Realm by making statutory provision for the abolition and supplantation of all currently existing taxes in the Twenty-Six Jarldoms in favour of a single national tax which shall be known as the Transaction Tax;

NOW, THEREFORE, we, Your Imperial and Royal Majesty’s most dutiful and loyal Patricians, the Most Honourable Jarls of the High Realm in the Althing assembled, have freely and voluntarily resolved to to create and establish this Statute concerning the Transaction Tax by this Act of ours and through the provisions of the Act aforesaid make provision concerning the introduction of, liability to, and collection of the new national tax; the abolition of all present taxes as well as several matters ancillary to aforesaid, and we do most humbly beseech Your Imperial Valtian Viking Majesty that You may be graciously pleased to assent to and confirm as Law the following decision of Your Most Faithful Althingi Jarls:

Article 1. The Transaction Tax

There shall, upon the coming into operation of this Act, be imposed by the Most Honourable Jarls in the Althing assembled a national tax which shall be known as the Transactions Tax.

Article 2. Tax Liability

Any transactor within the borders of the High Realm, both buyers and sellers, shall be liable to the Transaction Tax.

Article 3. Collection of the Transaction Tax

The transactions tax shall be electronically collected from all transactors taking part in a transaction at the very instance that the monetary transfer of such a transaction occurs within the borders of the Realm of Joy.

Article 4. Revenue

Any revenue collected under this Act shall immediately after the collection be transferred directly to the State Treasury through the High Realm’s national electronic banking network which is known within the borders of the High Realm as Þjóðlegur Raftæknilegur Bankarekstur Net.

Article 5. Tax Rate

The Most Honourable Jarls in the Althing assembled hereby fix the general rate of the Transaction Tax at 0.35% of the value of a transaction.

Article 6. Tax Rate for Cash Withdrawals

The previous article notwithstanding, the Most Honourable Jarls in the Althing assembled hereby fix the rate of the Transaction Tax concerning withdrawals of cash at 0.875%.

Article 7. Apportionment of Revenue

The State Treasury shall apportion the revenue from the Transaction Tax as follows:

50% of the aforesaid tax income shall remain in the State Treasury for appropriation in accordance with Althingi Law to cover the expenditure of the State;

37% of the aforesaid revenue shall be allotted to the various Jarldom Treasuries for appropriation in accordance with the law of their respective Jarldoms to cover the expenditure of aforesaid Jarldoms and their subdivisions;

13% of the aforesaid tax income shall be allocated to the Jólaslafðir.

Article 8. Per Capita Distribution to Jarldoms

The State Treasury shall proportionally distribute the revenue from the Transaction Tax among the Jarldoms based on the size of the aforesaid Jarldoms’ populations.

Article 9. Temple Tax

For reasons of history and nostalgia the monetary allotment made to the Jólaslafðir under this Act may be referred to as Temple Tax or Sóknargjöld.

Article 10. Supplantation of Existing Taxes

The Transaction Tax shall completely replace all taxes currently levied within the High Realm, including but not limited to income taxes, corporate taxes, excise taxes, payroll taxes, capital gains taxes and estate taxes, and the aforementioned to be supplanted taxes shall, upon the coming into operation of this Act, be abolished.

Article 11. Annulment of Existing Tax Law

All acts, laws, decrees, resolutions, orders, regulations, judgements, usages, or customs, which have heretofore established, maintained, or enforced taxation in the High Realm or any part thereof are hereby explicitly declared null and void.

Article 12. Power to Make Rules and Regulations

The High King in the High Council of the Realm may make all the rules and regulations He may deem necessary or expedient to carry the purposes and provisions of this Act into effect.

Article 13. Short Title and Commencement

This Act may be cited as the Act on the Transaction Tax of Year 14 and shall come into operation immediately after it has received the Imperial Assent.

In consequence of Us looking with favour upon the decision of the Althing of that Day of the Ladies Divine Frigga, Freyja and Idunn, Fulltrui and Sacred Queens of Stormark since time immemorial, which is known to Us, Our Well-Beloved Royals, Nobles, Knights and Thegns, and all Our other Well-Beloved Patricians and Citizens whatsoever as the Nineth Day of the Month Noatun in the Fourteenth Year of the Second Viking Age in the Second Epoch of Our High Realm that the Law Speaker of the said Althing has most graciously laid before Us, We have assented to and confirmed, as We hereby do assent to and do confirm the same as Law under Our Hand and the Great Seal of Our High Realm.


So be it!!

Given at the Court of the Three Ladies Divine, since time immemorial situated at the Vanadísarhall on the holy island in the sacred river Fulltrui Flow known as Hnossa Isle which is seated within the bounds of the Imperial City of Haraldsborg in Our Jarldom of Gularike, on this Day of the Ladies Divine Frigga, Freyja and Idunn, Fulltrui and Sacred Queens of Stormark since time immemorial, the Nineth Day of the Month Noatun in the Fourteenth Year of the Second Viking Age in the Second Epoch of Our High Realm.

1zvetr5.png

signature2l.gif


Haraldur Freyjugjöf af Ættingjunum Freyju, Yfirkonungur Stórmerkur

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.
Sign in to follow this  

×