4 John 1, chapter 24

An Act Regarding Corporate Tax

Be it enacted by His Most Gracious Majesty, and with the Consent of the Current Commons assembled, after the destruction of the original Act, the following:

  1. This Act shall be known as the Corporate Tax Act, c. 24.
  2. All businesses must set 10% of their net income to be submitted to the Revenue Office annually.
  3. No company may claim any of the tax, nor may collect taxes on behalf of the Revenue Office.