King-Chapter 1099 - 162, 1 copper coin tax_3

Imposing the "One Copper Coin Tax" wasn’t that he was reluctant to levy taxes, but the current situation just wasn’t suitable for taxing these lords.

High taxes would not only dampen everyone’s enthusiasm for investing in the Near East Region but would also delay the economic development there.

The five major families in the north are the best negative example. In the short term, they indeed collected a large amount of taxes from various lords of the Northern Border, but the cost was astonishing.

Offending people was a minor issue; the key impact was on the economic and industrial development of the Provinces of Northern Border. A major reason for the rapid collapse of the Northern Border Defense during the Orcs’ invasion was the slow development progress of the provinces in the Northern Border.

If the economies of the territories of the various Northern Territory Lords had developed faster and the fortresses in the castles had been more solidly built, the kingdom would not have had to abandon the Seven Northern Provinces.

Hudson was not a short-sighted person; he could distinguish between short-term and long-term benefits.

Currently, taxing various lords would indeed cover some financial holes in the territories, but it would affect the development of the Near East Region.

Temporarily abandoning these taxes admittedly increased the financial pressure on the territories in the short term, but it would increase the success rate of developing the Near East Region.

As long as the Near East strategy was successful, the current investments could be doubled in returns in the future.

If he weren’t considering the future, he wouldn’t be implementing the "One Copper Coin Tax"; he would be playing with "tax exemption".

From a revenue perspective, there’s no difference between the One Copper Coin Tax and exemption. However, by paying "One Copper Coin", all parties were considered to have paid their taxes.

Under normal circumstances, no one would risk offending him, the "King of the Near East," by fleeing from the ultra-low "One Copper Coin" tax.

This also served as training for everyone’s tax-paying consciousness, lest tax exemption become a habit and future tax collection becomes difficult.

Moreover, abolishing the transit tax didn’t mean other taxes were gone. Fleets entering the port still needed to eat, drink, and rest, and the caravans of nobles passing through Snow Moon Territory would spend money on various supplies along the way.

Indirect and subtle taxation was far more acceptable to people than taking money directly from everyone’s pockets, and it could also stimulate the economy of the territories.

Moreover, in the Noble World, there’s a focus on mutual benefit; if Hudson waived everyone’s transit taxes, would the Koslow Clan still have the audacity to impose taxes when their merchant convoys passed through their territories?

Eliminating the transit tax would be a significant boon for commercial development in the Near East Region.

Without this stumbling block, commercial trade wouldn’t be monopolized by a few large trading firms. Other participants in business activities could also join this feast.

The only problem was that the Near East Region had just begun to develop, and the plate was too small to accommodate too many industries and businesses.

As for using the Kingdom’s "30-year tax exemption" to propose it, that was purely to make his public image seem grander.

Later, even if they imposed a transit tax, they could publicly claim it was the Kingdom imposing it, not him as a lord extracting resources from everyone.

Under the package tax system, the specifics of tax collection were not disclosed publicly. As long as the quota tasks were completed, how much tax was collected and where the taxes were collected from were of no concern to anyone.

If circumstances allowed the Kingdom to waive the taxes of Snow Moon Territory, Hudson wouldn’t mind extending the "One Copper Coin Tax" policy.

The advantages of tax concessions, combined with geographical benefits, could potentially unleash tremendous power, though even Hudson was unsure of the extent.

Regardless, if the Kingdom dared to exempt taxes in the long-term, the industrial and commercial products of Snow Moon Territory would eventually hold a dominating advantage over other regions.

Watching the various Noble Lords cheer, Chancellor Duke Newfoundland was ambivalent: the "One Copper Coin Tax" had indeed promoted the development of the Near East Region, but the tactics for winning people’s hearts displayed by Marshal Hudson were undeniably strong.

Compared to the previously dominant five major families in the north, they were simply not on the same level.

If the five major families had even half of these tactics, the numerous Noble Lords of the North Border Region would have been won over by them long ago and wouldn’t have been politically marginalized as "targets for criticism."

Both were influential nobles guarding the kingdom’s borders, but Hudson’s methods were exceptionally outstanding. freēnovelkiss.com

This tax concession not only appeased the Noble Lords of the Near East Region but also the many Kingdom Aristocrats backing them.

One could imagine that after this, no one in the Kingdom Government would dare to question the ownership of New Moon Port.

As wary as he was, as Chancellor, there was nothing he could do, and even publicly, he must still sing praises for Hudson.

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