The benefit of tourism is that it requires very little start up and maintenance funds to enable us to generate a range of revenue streams. From the adventure seeking options in the mountains, to the beaches and resorts along the costs, and our bustling shopping options of our main cities, or just a scenic location with warm tropical weather. There is something for everyone.
Exporting of excess fresh produce. The society aims to produce the required amount of fresh produce to sustain itself, be self-sufficient as much as possible. If there is excess produce we can choose to export it internationally. To add value to attain slightly higher prices we can push for organic produce, to differentiate our products form others. However, this is not a large revenue stream and unlikely to produce high revenue due to produces nature to being an inferior good.
A progressive tax system is one where the portion of tax paid of income increases, in short the more one earns the more tax paid. Our reasoning for this is to ensure a large amount of income tax is generated from those that are the most successful. There will be some tax exceptions for certain industries. The aim is to encourage productivity and entrepreneurship.
There will be some tax exceptions for certain industries such as farming as a majority of their produce will be used for local consumption, a small levy will be imposed on excess supply exported. Wealthier and more successful individuals and business will be expected to pay a larger amount of their income in tax (a maximum of 45%) to support the growth and development of settlements on the Island.