5% Transaction Tax System
The State shall collect from all “Taxpayers” (personal or corporate) a five percent (5%) “Transaction Tax” on all daily inflow and outflow transactions within the State, from within the State or to or from any jurisdiction under its control worldwide and from such transactions between the State and any other country or jurisdiction worldwide.
The 5% transaction tax minimizes any need for tax increases due to macroeconomic inflationary factors and allows corporations more confidence when planning for long-term budgets, wages, business growth, and investment.
NO PERSONAL TAX on transactions under $500,000.00. Any amount above would be considered a commercial transaction unless evidence can be provided to the MCBA Monetary Authority showing that the funds are for personal, Family, or Heritage funds/assets.