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If you want to homestead a part of the oceans and protect it for your children and grandchildren - visit
http://www.itsmysea.com and put a flag somewhere on the high seas (preferably international waters). Its partly for fun and to demonstrate a feasible (?) concept for privatizing the seas. Use Jolly Roger flags and suggest cool and eccentric rules, this will make this more cool.

I suggest that you stipulate how much you will be willing to pay some protection agency for the protection service. If the rules are simple (allow boat traffic, but prohibit dump of waste or overfishing), then quite a few environmental organizations, insurance companies or protection agencies may offer some basic service. I suggest  that the maximum amount of the seas you proclaim ownership of is 200m x 200m
(based on calc of total area of the oceans and number of people on earth).

Perhaps FTL or similar could get paid to give media publicity to whoever infringes on this property.

Comments are much welcome.
Also if the MAP gets crowded with flags everywhere it would be quite an awful demonstration that the concept will work.

NB. If anybody can program a dedicated MAP application so that we actually can show borders on the map and not just a flag, then I am willing to pay for the programming job.


The Show / About VAT - incoming VAT to the business is deductable
« on: June 01, 2009, 12:47:37 AM »
I am living in Norway and the VAT System is like this:

if I have a VAT registrered company then I must charge 25% VAT on all my bills, and these 25% I must pay to Government every second month. I can however deduct all 25% VAT on incoming goods.

If I am a pencil producer and buy lead for say 50USD, then I must pay 62.5 USD to the lead manifacturer.
If I plan to sell each pencil for say 1 USD, then I must sell them for 1.25 USD to the shop.
If I sell like 100 pencils, then I have to pay government 25 USD, but I can deduct 12.5 USD which was the VAT for the lead, thsat means my VAT expenses was 12.5 USD.

The end purchaser will have to pay whatever retail price the shopkeeper takes. If the pencil cost 2 USD, then he will have to pay 2.5 USD for a pencil. If the shopkeeper sell 100 pencils, then he will have to pay 50 USD - 25 USD = 25 USD.

The VAT regime is very much stricter than normal tax. Thats because government think its their money. They are more polite and slow getting income tax (done at community level). But the VAT you must be very sure to pay on time, because you get horrible fines and delay charges. The penalties for VAT evation is stricter than other types of tax crimes.

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