**** For Immediate Release ***
You may have recently heard about a CUOP Cartel forming and implementing massive taxes on CUO production across the Prosperous Universe.
The Independent CUO Association has formed to counter the market destroying efforts that this cartel is attempting. We would like to address some frequently asked questions in this press release.
*** I don’t use Copper. Why do I care? ***
While you may be a new player who does not yet consume any copper based products, you will want to grow to use Technician and higher level workers in the near future. Thus a steady supply of CU based consumables is important for your continued growth.
Additionally, Copper is a key ingredient to Populous Infrastructure construction and consumables, including support of items used to support Pioneer population. Thus increased CUO costs will be reflected back into your taxes on exchange planets and others using CU based Populous materials.
Finally, the ICUOA expects Copper to be a critical ingredient in ship building when Ignition is released in the near future. We would like to ensure that the universe is well placed for ship building when it is released, thus we need a healthy supply of Copper available to users throughout the galaxy.
****** Prdgi said the cost increase is minimal. ******
The cartel set taxes to 9999 per day on Resource Extraction for planets with CUO. This translates to over 300 in taxes per unit of production (rate varies slightly per planet based on extraction rate).
Prior to the cartel forming, CUO retailed on 2 of the 3 exchanges for LESS THAN 300/u. Thus the tax exceeds 100% of the value of CUO. And this tax is collected as a production tax upfront. To offset this upfront tax, the retail price of CUO is likely to increase by 200-250% or more. And this price increase will ripple through to all CU based products.
We simply do not see how a 100% production tax collected prior to production will not radically impact this critical market.
******* What does the ICUOA want? *******
We would Iike the governors of CUO planets to lower resource extraction taxes to 100 or less. This will allow us to keep a reasonable supply of CUO on the markets.
****** How can I help? ******
We appreciate your desire to help us maintain a reasonable supply of copper. The best way you can help is by refusing to do business with the Cartel members. Most importantly, do not help them with shipping contracts.
By freezing these evil actors out of the shipping market, we will be able to cripple their operations across the universe. They will quickly find that the excess profits they are collecting from CUO taxes are not sufficient to keep their operations in progress.
Please refrain from accepting LM contracts from the following companies:
- Echo Heavy Industries
- CaptainLama Inc
- KIWI Corp
- Gaia Trade Company LTD
- Woggles LTD
- Strategem Group
Again, the ICUOA feels the best way to stop this cartel is to refuse to help them with shipping contracts, and we call on all members of the Prosperous Universe to join us in boycotting their shipping contracts.
****** What happens if this cartel succeeds? ******
If we allow this cartel to succeed, we will be showing future players that we will tolerate extortionate tax rates placed on key resource planets. Every governor election will be tense while we wait to see if that governor will increase OUR taxes at the end of the election.
It is critical that we make a clear example that harmful tax increases (to 9999 per day) will be met with a harsh reaction by the community by freezing these bad actors out of the Local Markets.
The ICUOA continues to work on further defensive actions to restore reasonable tax rates to the Universe. We will be in contact with further actions soon.