Money and Tax
The Quid, the Shrapnel, the Central Bank of Dingle and the Island Revenue. Everyone pays their fair share. The Constitution says so, in capitals.
The Quid
- Currency
- The Quid (Q)
- Subdivision
- 100 Shrapnel to the Quid
- Issued by
- The Central Bank of Dingle, and nobody else
- Exchange rate
- Pegged at Q1 to £1
- Cryptocurrency
- Prohibited (Thirty-first Amendment)
The peg
The Sixth Amendment allows the House Purple to fix the Quid to another country’s money, provided the resolution doing it says in terms that this means nothing politically. The Quid is pegged one-to-one to sterling. It means nothing politically.
Cash
Cash is not king, because the Republic doesn’t believe in kings. Notes and coins will always be accepted as legal tender all the same (Article 5).
Gifts to Ministers
Any gift to a Minister or to the Head of State worth more than Q150 belongs to the Republic and goes to the National Collection. The register is public (Article 63).
The Island Revenue
The Island Revenue collects the taxes of the Republic and is the only body that does. It cannot be abolished, wound up, merged or stripped of the job, not by the Government, the House Purple or a referendum (Article 17).
A fair share
Tax goes on what people can actually pay, and money made off wealth is never taxed more lightly than money made off work (Article 73).
No favours
A levy or exemption must apply to a whole class of people or businesses, described by what they are and not by who they are. Anything drawn narrow enough to fit one mate is a favour, and it is worth nothing (Article 17).
Hands off
No Minister tells the Island Revenue to go after anyone or to let anyone off. Trying it is an offence, and it gets published.
Paid before it leaves
Tax on money made in Dingle is paid before that money leaves a Dinglese bank account (Twenty-first Amendment).
Ten to one
The gap between the highest and lowest pay in any public body may not be more than ten to one (Article 73).
The Government’s budget is set by the Bean Counter, and no tax is imposed and no public money spent except by Act of the House Purple.
Page last reviewed: 29 October 2029