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Article 26- Accounts |
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| 26.1 |
Accounts |
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The national accounts are the unique records held for all objects identified in the national knowledge structure for the purpose of optimising the financial wealth of individuals, corporations and the nation as a whole. |
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The nation provides financial institutions with access to manage transactions in and out of national accounts. However, the ultimate account owner is the nation and the individual, corporate or object. |
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| 26.2 |
Dual Contribution Account System |
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Each and every person and corporation who earns income shall be allocated two unique accounts for the calculation of contribution fees:
Contribution deduction account
Contribution credit account |
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Deductions of contribution fees shall be as far as possible an automated process of flat fee calculation. Any deductions then allowed shall be credited into the contribution account, calculation made and then any refund automatically returned to an individual or corporations general credit account.
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| 26.3 |
Calculation of personal contribution fee |
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The level of contribution paid by an individual to a national fee processing bureau should be calculated on its level of earnings before charges (such as bank, loans, government fees).
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| 26.4 |
Calculation of corporate contribution fee |
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The level of contribution paid by a corporate to a national fee processing bureau should be calculated on its level of earnings before charges (such as bank, loans, government fees).
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On quarter of any positive earnings before charges should be considered the level of contribution required to be made by all corporations operating in that country.
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| 26.5 |
Deductions for corporate considerations |
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There are legitimate considerations where a corporate has experienced losses that mean it will have no money left over after paying its debts.
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