Economy+Recomendation

= **Economy Recommendations**  = To establish our economy on the Island we have developed a range of ventures that will enable us to gain profit and goods in return for our services.

We have established a relationship with surrounding countries that include, French Polynesia, the Cook Islands and the Pitcairn Islands. We have also created relationships with major countries, these being Australia, New Zealand and Chile. From these partnerships we have been able to secure goods in exchange for our goods produced on the Island.

__What can be Imported to the Island:__ Small Trading Partners Large Trading Partners
 * French Polynesia- Vanilla, Timber and Cobalt (for batteries) (French Polynesia, 2010)
 * Cook Island- papayas, fresh and canned citrus fruit, coffee, fish, pearls and pearl shells (Global Education, Cook Islands, 2011)
 * Pitcairn Islands- Honey and off shore minerals. (Pitcairn islands trade statistics, 2011),
 * Fiji- sugar, fish, coconuts, taro, pawpaw and ginger (FITIB, 2011)
 * Because these islands have relatively small, developing economies we will be able to forge excellent relationships with these due to our geographical nature and ability to provide these nations with our various export products.
 * Australia- Meat Products, Defense and security products, ICT products, Minerals (lead, nickel, uranium and zinc) (Trade at a Glance, 2009)
 * New Zealand- Wool, food and dairy products, wood and paper products (New Zealand Trade and Enterprise, 2011)
 * Chile- Copper, Iron (Chile Country Overview, 2011)

__What can be Exported from the Island:__
 * Tropical Fruit and vegetables native to the Island
 * Rice
 * Cotton and Hemp Products
 * Gold (found in Placer deposits, Alluvial)
 * Timber and other fibers

Specific to the Port Settlement:
 * Hover-boards from our Hover-board Transport Industry
 * Cattle
 * Produce (tropical fruits)

__Infrastructure and Essential Services:__ To pay for infrastructure and essential services we will have a tax on importing and exporting which will provide the government with revenue to pay for these resources. These resources include but are not limited to:
 * Hospital and medical centres
 * Businesses and Shops
 * Educational facilities
 * Law facilities
 * Country Defense facilities
 * Transport facilities
 * Financial Institutions

__Taxation:__ We will be implementing a progressive income tax where the people are taxed according to their income. Therefore the rate will be different for various income levels. Tax Levels are stated below:
 * Income || Tax ||
 * 0-6000 || 0% ||
 * 6000-25000 || 7% ||
 * 25000- 50000 || 15% ||
 * 50000 + || 25% ||

Import and Export Tariff will apply to both the countries we are trading with and our own settlements. A price for this tariff will be 2% based on the current economic climate and other countries tariff rates. This tariff will help implement services such as customs which will help keep viruses and pests out of the island so that we can continue to produce our produce without fear of adverse effects.