>>6111901>>6111530Edward shouts. Nothing happens for a while. Scarlett gushes about government infrastructure support spending bills and Montosi, unaware she was going to have an excited audience, blinks and shakes her head and tries to keep up. Tax rebate scheduling in relation to smallholder farm agricultural yield is actually a fascinating area of government policy, because you have to apply a variable discount to variable harvest output. Not so little the smallholder pays nothing, not so much they cannot keep paying into the system. The distances out here and the fraught nature of their claim to the land makes the prospect a little more difficult as well, but that is actually why you have roaming government land inspectors and public infrastructure support specialists.
You see, by bi-annual assessment of land productivity you can tailor the implied tax bracket to the thing the land can support. But of course seeing like a state means that actual variance in agricultural commodity yields will at times be at odds with either the assessed due tax or the rebate - if the numbers are particularly bad one year, the governemnt of Kalcmir will be obliged to pay the peasants a stipend to make up for it. While intended to take the edge off the sharp knife of hunger this policy - a little more generous than the Pytherii or the Vanadian or Reikan or Illosi or any other such far flung realm - does lead to a particularly and peculiar interesting aspect of Kalcmiri interstate grain commerce taxation law, because naturally - naturally - where there exists the possibility of payment there will exist fraud. Is Scarlett familiar with future commodities exchange contracts? Ah, I see you are well-read, good, good, Montosi nods, the joy of it then is that in the Kalcmiri system they have derived of something to splendid as a futures agricultural inverse insurance contract, or, a contract taken out or a parce of land and a bet on the size of the tax rebate of that land for some future point on the presupposition that agricultural productivity would be so low that the Government steps in.
You see the issue, I hope, and Scarlett does though Martik is a bit lost and Edward is occupied and Zivka was thrown off a few sentences back. Right, naturally, while intended to be a benefit to the people, speculator investments in reduced agricultural products produce perverse incentives on a national-economic policy level, we hardly want the moral hazard of incentivizing lands that could be productive to lay barren while using their lower output to claim taxation benefits so if you're familiar with the bylaw regulatory procedings of the meeting of the Luperni-Cesteriphon agricultural concerns out of Pyther from sixteen years ago, you'll actually - ha ha ha - be aware of a funny story of that lot of wheat merchant-magnates investing in the idea of Kalcmiri underproduction then intentionally flooding the market with cheap seedstock, allowing farmers to experience a