I would like to propose that we formally enact a tax structure governance rule whereby a maximum of two changes are permitted, per chain, per year. There are three components of this proposal:
- Restrict changes to twice per year, per chain. With a preference to change all chains, at once.
- Record any tax changes formally in a section on the Pawthereum website, with relevant links and rationales for the time.
- Permit exceptional tax structure changes in exceptional circumstances.
The reason I am proposing this is to provide a level of stability for Pawthereum holders. It is a pawsibility that many holders may not be actively engaged in our communication channels. I believe that if we were to make too many tax structure changes, too frequently, it could have an effect of deterring potential investors. A bit like a central bank, interest rates should not be adjusted too frequently. However much like a central bank, exceptional circumstances may require exceptional intervention. That is why I believe a caveat of an exceptional tax structure change could be proposed by the core team, and voted on by the community.
Restrict changes to twice per year.
I believe that twice per year is a reasonable maximum for tax structure changes.
With a minimum effective period of 3 months. Locking any further changes for at least 3 months.
This would give investors a minimum 3 month window to check back in with the community to review any changes.
I propose that the calendar year begins on the 1st of the month, in the month that this proposal is accepted and enacted.
I also propose that we change all chains at once, to keep it simple for our investors.
Formally record tax structure changes
Lets record these changes, formally. On the website, or in the forum, or both. Future investors may want to review our decision making process, why did we do this, and when? Lets have an audit trail. Provide links to a forum section on Tax Structure? Proposals and Vote’s.
I have trust and faith in the Pawthereum core team to make the right decisions, at the right time. I understand that in certain market conditions it may be necessary to over-rule this tax structure rule. Either by additional tax structure changes, or by nullifying the 3 month rule. or anything else that has not been considered by me at this stage.
If a majority (50.1% +) of the core team agree that an urgent change is required, it can be put to a Proposal vote within the community.
I welcome feedback and suggestions to this proposal.