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Automatic taxation system
Banks and other institutions providing current accounts need to adjust their software for this automatic taxation.
Advantages of the new system:
• Bookkeeping for tax reasons is not required anymore.
• Double pricing and calculation is not needed anymore.
• No VAT evasion and avoidance anymore;
• Tax revenue forwarding to lower governments is not needed anymore. |
Replacement of the current outdated VAT system
It causes a lot of tax-collection costs and accounting costs which can be avoided completely by an automatic system.
Payment tax: 4% receiver, value added 6% payer (inflation currencies only);
This tax is automatically charged at payments to current accounts, deposits (4%) and withdrawals (value added 6%);
4% turnover surplus contribution (just for business accounts)
Monthly, of the turnover surplus = sum of account credits less sum of account debits;
The contributions are automatically forwarded to the regional social account.
Dedicated for medical and social expenses: Medical system, education system, pension system and other social benefits;
1% Debt contribution (just on demand)
For the reduction of debt and emergency funding (public budgets, bank deposit protection at a bankruptcy, disaster relief);
1%, 4% or 10% Value added exit tax
Applicable at bank transfers to business in other states:
For example: 1% to neighbouring and related states (same nation, language, currency), 4% same continent, 10% other continent;
The tax revenues are proposed for a continuous repayment of the converted goverment bonds.
The tax revenue office needs to forward at least 10% to maximum 90% to the debt service account as long as there is an open public debt.
Advantages:
No tax avoidance and evasion anymore by moving funds offshore.
Foreign products become more expensive, this helps the domestic market.
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Interest-free currency system
The present interest debt money system monopoly
If money is generated only as debt, it has the effect of the monopoly game: in the end, a small group super-rich will own everything and the people will not own anything!
The interest debt money system has a built-in self-destruct mechanism, because money only comes through debt and always has to pay interest.
As a result, there is a compulsion to produce more and more counterfeit money faster and faster - financial assets and financial debt grow together faster and faster.
This process is unstoppable! Low interest rates do just prolong bankruptcy!
There remains only the way to global hyperinflation to devaluate the unsustainable payment obligations that the states have taken.
Normally this means a complete collapse of the economy!
This can be prevented by an interest-free alternative and debt elimination. |
The interest-free complementary money system
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• Automatic taxation system integrated
Unlike other alternatives (crypto-currencies), this system contributes to public finance.
• Inflation-free currency: Payments for work can be saved value secured.
• A currency secured by real money: Gold and silver;
Normally this means a complete collapse of the economy!
This can be prevented by an interest-free alternative and debt elimination.
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Elimination of interest-demanding public debt
Public financing
Any government should have balanced budgets. If debts are necessary, they must be interest-free.
CORESA provides the international connection so that foreign debt is prevented. |
Public interest-demanding debt
That a government pays interest that is fraud on the people in favor of the rich.
Elimination of the interest on public debt:
All public debt can be either set to interest-free or outsourced and there converted to zero bonds.
The zero bonds do not require the continuous payment of interest, they are already included at the issue.
The zero bonds do not have an expiry date. However they are convertible and can be transferred between bondholders.
With special tax proceeds bonds can be repurchased continuously. |
Pension systems without public subsidies
Pensions are currently not secured, on the contrary
The government will soon be unable to afford state subsidies to the pension system.
Subsidies to the pensioners instead of the children lead either to poverty of the families or at a birth rate below 2.3 to self-extermination of the people!
Pension claims based on debt money deposits (private pensions, pension insurance) cannot be met because the assets become practically worthless and cannot generate income for the payment of pensions! |
Therefore, the only solution can be a self-financing system in which state subsidies are no longer necessary!
Duales System
There shall be just one public pension institution at the country (Region, state).
The government shall not pay pensions to civil servants, such pensions shall be outsourced to the pension institution. Pension contributions for civil servants shall be paid.
The pension institution must not spend more then the income from pension contributions (No subsidies from the government anymore), so the maximum pension has to be leveled according the available funds.
Pension liabilities exceeding the maximum pension level can be paid on the CORES-platform in the public inflation currency up to the double of the minimum net wage for full time work (no luxury pensions anymore).
Internal System
On the CORES-platform there is an internal pension system included.Special feature: The amount of the pension is based on the hours worked and not on contributions made.Public and private pension liabilities can be transferred into this system.Pension liabilities can be outsourced to the CORES-platform. Pension liabilities to persons in foreign countries shall be outsourced.
Pensioners who would benefit more on the CORES-platform can change there. The pension institution can also outsource pension liabilities there.
Company System
Profit share (20%, half-yearly in June and December) and turnover surplus shares (10%, monthly) for employees (bonus) and former employees (pension), proportionate to the total hours worked;
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