User:Jph2/Sandbox4

Taxation in Ventora Ventora has a rather simple taxation scheme. Businesses pay a 19.27% tax on net retained income, which is income after expenses not reinvested into the concern. There is an additional 10% tax on business income distributions, such as dividends to shareholders, and another 5.48% tax on profits repatriated by foreign companies. A foreign company is any business with ownership outside the borders of Ventora exceeding half of the shares or value of the company. There is also a 10% tax applied to s realized on the sale of assets for both natural persons and companies. A foreign business entity must also pay an additional 10% branch tax if capital gains are transferred out of Ventora. Individuals also pay a 10% tax on other non-wage income, such as from interest or rentals.

Although there is no direct individual or  in Ventora, employers and employees subscribe to various social welfare trust schemes. These include social insurance for healthcare and pensions, including old-age, sickness, disability, un/underemployment, and care leave, as well as occupational injury or illness pensions. While some trusts, particularly healthcare trusts, receive some tax funding, the majority of the social welfare trusts rely on levies of wage percentages for both workers and employers. Costs vary based on the chosen plan, but, on average, employers pay 16.25% of wages and workers pay 17.75% of wages.

, counties, and collect the  and  (GST). As a value-added tax, the GST is applied at each offering of a good or service for sale at wholesale or retail. Its rate varies by locality but foodstuffs, housing (but not lodging), healthcare, and government services are exempted from the GST. The property tax is based on the value of land, exclusive of improvements with local governments setting the rate.

Import/export tariffs and duties
Tariffs and duties also follow a straightforward regimen uniformly applied across various commodity groups. Due to the commitment to an open market, Ventora rarely institutes punitive or disparate tariff rates. Instead, the Open Markets Board investigates and addresses allegations of anti-competitiveness through legal means. Similarly, tariffs are not a suitable mechanism in the foreign policy domain for Ventora. Of interest, customs duties mirror tariffs for arriving individual travelers, generally with personal use quantities excepted.

Excise taxes
There is an excise tax on some products in addition to any other taxes due. The rates are 5% of wholesale on alcohol, 50% of wholesale on tobacco, 25% on retail of non-medical drugs, 1% of retail on food purchases above 18,000 calories weekly (3,000 daily) and above 1.5 kg weekly meat, 0.5 kg weekly fats/oil. Excise taxes are distributed to healthcare funds on a per capita basis and have the intent to reduce unhealthy lifestyle practices.