Release that Witch - Chapter 1289

[Chapter 1255 Graycastle “Yuan”]

Below this clause, a sample declaration form is attached.

In addition to filling in the basic information of the merchant, it seems to have to indicate the sales status of the goods.

Victor checked it carefully several times, and suddenly a flash of lightning flashed in his mind.

I see!

His eyes quickly moved on the fourth and fifth rules, and gradually grasped the intention of these two rules – taxation!

Like most cities, Neverwinter City is not exempt from commercial tax on the surface, but the actual situation is not that there is a tax to be paid.

He has always paid taxes according to the real value, but among businessmen, tax evasion can be said to be very common, and someone like him is an outlier.

Those merchants who bought a fixed store also paid a symbolic part of the payment, while the merchants who rented the store or wandered basically did not pay a cent.

Compared to the past, there were patrols for extortion and card grabs. For small businessmen, the stable and relaxed environment of Neverwinter City is no different from the zero-tax trading cities such as Golden Harvest City and Eagle City, and even worse. Good – it is precisely this condition that makes Xinwangdu develop a prosperous market in a very short period of time.

However, it appears that this situation will not last forever.

Although the application fee can be exempted from filing the declaration, you must also submit your own source of income. If the Administration Office deducts taxes according to this, no one will have anything to say.

So is there no way to avoid it?

Apparently there are still.

As long as they don’t exchange the new coins back to the Golden Dragon, and directly use the proceeds to buy goods in Neverwinter, and then sell them elsewhere, they can make up for this part of the loss.

But that’s just making up for it.

Victor is very familiar with this situation. No one can guarantee that income and expenditure can be exactly equal. To keep the business going, the new currency will generally be more than the old currency.

They can either be exchanged for golden dragons at the administrative office, or saved until the next use.

After a long time interval, it will gradually become like this: many merchants will hold a certain amount of banknotes in their hands. Since it can indeed buy things and is convenient to carry, merchants will exchange them sooner or later—— In the beginning, it was just an equivalent exchange for a golden dragon, but later on it might be used to buy goods directly.

This also means that no matter which choice the merchant makes, it will be beneficial to Neverwinter!

However, the point is that it is not difficult to achieve this, but it is difficult to take into account the feelings of businessmen.

There are countless lords who have been killed in the past, but these policies of Neverwinter have not substantially harmed the interests of the merchants.

Registration and declaration can provide cities with tax revenue, thereby creating a better trading environment. Considering that legal operators often receive preferential treatment in policies, generally speaking, they will not lose too much.

Merchants who have been holding banknotes do not feel much different from the past. They can still avoid taxes and spread banknotes to farther places in disguise.

As long as the goods in Neverwinter are irreplaceable, the new coins will occupy the position of the Golden Dragon bit by bit, even if it is an area that is not under the jurisdiction of the King of Graycastle!

Victor noticed that, in fact, not only the last two, but the whole New Deal reveals a gentle flavor, and its greatest feature is subtlety.

Undoubtedly, as long as the King of Graycastle controls the food trade in the territory for a day, the new currency must have value. Even though there are many policy-driven factors, the main reason is still the vast market of Neverwinter.

The fleeing businessmen probably didn’t think about the meaning of these terms at all-it can only be said to be short-sighted to abandon such a potential market because of the fear of currency reform.

What he thought was a fool’s dream before, but now it seems that it is not as unbelievable as expected. As long as he controls it properly, His Majesty Roland Wimbledon may really be able to accomplish this matter.

Thinking about it along this line of thought, Victor couldn’t help but shudder.

Replacing the golden dragon is just the beginning…

Once everyone accepts the new currency, His Majesty will have unlimited wealth, and any business plan will be nothing compared to it.

If the news reaches the Dawn Kingdom, those big nobles who are proud of being good at business will be shocked.

The only question now is whether others can imitate His Majesty’s new currency.

When the salaries were paid two days later, Victor immediately asked Linglong to buy back a set of banknotes from the residents at 1.5 times the price.

At first sight of it, all doubts in the jeweler’s mind disappeared without a trace.

“These pieces of paper… are so beautiful.” Linglong couldn’t help admiring as she fondly played with a brand new banknote.

“Indeed,” Victor agreed.

The new currency looks very valuable, and it is very different from the “paper currency” he expected in his mind. When he rubs it in his hand, it is soft and resilient, which is obviously not the effect that ordinary paper can achieve.

The most special thing is the patterns and patterns on it.

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There are six types of banknotes, with denominations ranging from one thousand to ten, and the largest one is equivalent to a golden dragon, which can also be seen from its golden lines.

The rest are five hundred, one hundred, fifty, twenty and ten, and His Majesty replaced the original division with the new unit “Yuan”.

According to different denominations, the colors and patterns are also different. For example, the heads of the king and queen are printed on the front of the thousand yuan, which looks lifelike.

At the bottom is the words Greycastle Royal Bank. Although it only takes up a small area, the outline is very clear.

If you take a closer look, you will find that both the handwriting and the head portrait are made up of countless tiny stripes. Those lines are even thinner than hair, but there is no trace of dipping or adhesion between the two. A little is enough to cut off the idea of others imitating.

Victor looked at the other new coins one by one. Five hundred was printed on the Witch Union, one hundred was on factories and workers, and the rest were new gadgets in Neverwinter, such as the Miracle Building, trains, etc… and On the back is the Greycastle coat of arms with the tower and two guns.

He couldn’t help raising the corners of his mouth. Obviously, the patterns on the new coins have been carefully designed and carefully considered. From the outside, it is no different from ordinary works of art, even if it does not have currency value, Presumably some fjord collectors are also willing to pay for them.

This is indeed a very smart approach. Printing such colorful banknotes will undoubtedly increase the cost, but it will also subconsciously enhance the confidence of the people.

If it was just an ordinary piece of paper, no one would dare to believe that it could replace the golden dragon, but if it was replaced with a shiny object, the effect would be much better—even if there is no essential difference between them.

Victor put down the banknotes and heaved a sigh of relief.

“What’s wrong?” Linglong asked curiously.

“The whole business world is about to change.” He whispered back.

[End of this Chapter]