BREAKING: Market Tax Changes Announced

Jin'taan 2019-07-29

As predicted in a previous article by Rhivre, through another lore announcement, changes to EVE’s tax system have been revealed to the public – both transaction tax and brokerage fees are being hiked to 5%, from 2% and 3% respectively. 

This joins a cadre of economic changes such as the VNI ratting nerf, the Insurance nerf, and the Blackout, which have targeted overactive ISK faucets of the economy directly. To go along with this, we now have one of the biggest sinks in the game being further expanded, likely in an attempt to curb any further ISK inflation. 

Transaction tax is the flat fee which is taken by the SCC on every single sell transaction, which is a 1% cost with the related skill, Accounting, at level 5. This will now be raised to 2.5% with max skills, with the impact of each level of Accounting going from 0.2% to 0.5% per level, making that skill vastly more important to trading profitability. 

Brokerage fees are calculated as part of placing either a buy or sell order, and follow a more complicated formula than is worth explaining here, but had a base value of 3% and could be lowered to around 2%. Following the changes, this is expected to rise to a minimum of 3% of order value with perfect standings, increasing the cost of setting up any order by 50%. However, this change doesn’t affect the fees that are charged in Citadels, as the rates charged in these citadels are both controlled and paid to their owners. This is the fee from which the Tranquility Trading Tower in Perimeter makes its profit. 

In the last MER, these sinks took 21.5 trillion ISK out of the economy, accounting for a little over a third of all the ISK that was removed from player circulation. If these taxes ended up not changing player behaviour, this would balloon to 48.9 trillion ISK.

Given the now relatively large and increased advantage of broker fees offered by player citadels, however, it seems likely that we will start to see trading of some more high velocity goods in player citadels, although it’s likely market momentum and safety will keep places like Jita 4-4 active for a long time. It will also be interesting to see if there’s a greater usage of contracts following this change, given that they’re able to bypass all of these taxes, whilst operating in the safety of any NPC stations.

However, as always with economic changes like this, it’s best to wait and see before passing judgement. 

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Comments

  • Rammel Kas

    Hmm…. They will also see the embargo begin cutting into their stockpile float in the coming weeks (yes, we have specific instructions to not sell downstream at all)… and there is rumored to be another Burn Jita soon-ish.

    I wonder if the lynch-mobs will realize which /r/eve shitposters set that particular chain of events in motion, especially since there is a 4 weeks delay on these kind of supply chain movements. It almost seems like one could compare quotes between reddit and the loose cannon that was that TIS interview with Hilmar & crew and figure out what could possibly have riled up the top autocrats into all joining a shared “nullsec first” discord room.

    July 29, 2019 at 7:46 pm
    • If we’re lucky there are going to be a lot of changes gunning for our wallets over the next few months. For what it’s worth, though, have faith: the game really does work a lot better when people are poorer. Desperation is a good motivator.

      July 30, 2019 at 5:41 am
      • Rhivre Ganthrithor

        I am intrigued by other changes that are hinted at. The possible accelerators in lp store could hit sp farming hard

        July 30, 2019 at 6:03 am
      • Rammel Kas Ganthrithor

        Oh you’re still reading into the article. I was merely pointing out some secondary fronts of inclement weather already set in motion weeks prior. And these are player driven. As a prudent leader has teased, UNFORESEEN player interactions…

        July 30, 2019 at 6:05 am
  • DrkyDrky

    lol GG PLEX prices.

    CCP seem so determined to bring down PLEX prices.

    July 29, 2019 at 8:31 pm
  • General Thade

    Lol CCP doing a good job at pissing a bunch of people off. Hopefully it brings plex prices down or something.

    July 30, 2019 at 2:31 am
  • Scott Wilson

    Come on. They are daring you to do a burn jita. Do it.

    Do it right now. Like, just right now now.

    Now. No reason.

    July 30, 2019 at 6:27 am
    • Arrendis Scott Wilson

      I dunno, feels kinda like they’re doing their own version of burning Jita down.

      July 30, 2019 at 5:39 pm