01-29-201312:02 PM
[b][i][u]Be it resolved[/u][/i][/b]
[list=1][*]Only His Majesty's Treasury may mint or print the Livonian Florin.
[*]The Office of Currency Minting (OCM) will be established under the Treasury and will be tasked with minting and/or printing the Livonian Florin.
[*]The amount of Florins to be introduced into the economy may be left to the discretion of His Majesty's Treasury.
[*]Anyone found to be creating counterfeit currency will be fined equal to one-thousand percent of the amount of currency their are found to have counterfeited.
[*]Government taxes, fines, or other transactions made by any individual, group, or enterprise to government agencies must have those transactions made in Livonian Florins.
[*]The Government of Livonia will, in all domestic spending, make payments solely with the Livonian Florin.
[*]The Office of Internal Revenue (OIR) will be created under the Treasury. The OIR will be responsible for collection of taxes domestically in all territories of the Empire.
[*]There will be an annual tax of 5% to be place on all income made by individuals living or working inside the borders of the Empire of Livonia.
[*]Taxes will be collected no later than the 25th of January each year.
[*]The fiscal year for the Empire of Livonia will begin in the 26th of January.
[*]Government budgets will be required to be submitted no less than 5 days before the beginning of the next fiscal year.
[*]In the event that there is no government budget for a fiscal year, all government spending will cease and no government expenses will be paid until a budget is passed by the House of Representatives.
[*]The Government of the Empire of Livonia will never place borrowing restrictions upon itself.[/list]
[list=1][*]Only His Majesty's Treasury may mint or print the Livonian Florin.
[*]The Office of Currency Minting (OCM) will be established under the Treasury and will be tasked with minting and/or printing the Livonian Florin.
[*]The amount of Florins to be introduced into the economy may be left to the discretion of His Majesty's Treasury.
[*]Anyone found to be creating counterfeit currency will be fined equal to one-thousand percent of the amount of currency their are found to have counterfeited.
[*]Government taxes, fines, or other transactions made by any individual, group, or enterprise to government agencies must have those transactions made in Livonian Florins.
[*]The Government of Livonia will, in all domestic spending, make payments solely with the Livonian Florin.
[*]The Office of Internal Revenue (OIR) will be created under the Treasury. The OIR will be responsible for collection of taxes domestically in all territories of the Empire.
[*]There will be an annual tax of 5% to be place on all income made by individuals living or working inside the borders of the Empire of Livonia.
[*]Taxes will be collected no later than the 25th of January each year.
[*]The fiscal year for the Empire of Livonia will begin in the 26th of January.
[*]Government budgets will be required to be submitted no less than 5 days before the beginning of the next fiscal year.
[*]In the event that there is no government budget for a fiscal year, all government spending will cease and no government expenses will be paid until a budget is passed by the House of Representatives.
[*]The Government of the Empire of Livonia will never place borrowing restrictions upon itself.[/list]