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Today 8:36 AM
howie555
Posts 1
Finances
Hi

Is there some sort of end of year taxation ? Reason I ask is that I'm pretty sure my bank balance was over 31 million a few days ago and now it's 27 million. I can't see anything obvious in the finance tabs to explain the drop of 4 million.

Thanks
 
Today 9:10 AM
chyperhondriac
Posts 352
Yes indeed, from here:

Quote:
Originally posted by Helpfiles

At the end of each season the IAG tax man will want his cut of your club's profit. This includes any prize money that your club may have won. Taxation is paid on profit in the following bands:

Profit Bands:

0 to 2,000,000 - 0% tax (no tax is paid on seasonal losses)

2,000,001 to 5,000,000 - 10% tax

5,000,001 to 10,000,000 - 20% tax

10,000,001 and upwards - 40% tax


Additionally, if you go here you will be able to see all your financial history, including tax.
 
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