Preamble:[]
”Falleen Society is known for its opportunities and ability to allow individuals to grow and make something of themselves. However this leaves a glaring inequality as anyone can inherit a fortune and not have to pay a single fall on this sum. The Imperial Treasury has lost out on Billions of Fall by failing to Tax money received via inheritance and it is especially important now given the economic woes we face. Therefore the Government has consulted amongst itself and saw fit to propose an inheritance tax” - Anthony Blair, PLP Leader
The Inheritance Tax Act of 555AER[]
I. Any money an individual or company receives via inheritance shall henceforth have to declare it formally on all tax forms and shall be taxed.
II. The Tax shall have 2 bands; Any inheritance between 1-500 Million Fall shall be taxed at 3% whereas anything over 500 Million Fall shall be taxed at 6%. Any inheritance that constitutes less than 1 Million Fall shall be free from Tax.
III. The tax can be applies whether the inheritance be cash, assets, property and/or valuables.