A single word, "avoidance," turned Hudson from the main actor into a bystander. The various ministers and nobles who were prepared to haggle were left dumbfounded.
If the person involved doesn't care, how can they negotiate?
Not everyone is as financially naive as Earl Rinnares. Prime Minister Delgado, who came from a financial background, keenly detected something amiss.
Although he hadn't run a bank, he understood that doing business requires operational costs.
If the bank's operating costs don't change and loan interest rates don't increase, the extracted taxes would come directly from net profits.
Even if net profits could reach 50%, a tax like this would take away 60% of the bank's profits.
Siphoning profits so ruthlessly, it's no wonder the nobles, whose interests are affected, would be enraged.
Originally planning to bargain with Hudson, delve into the bank's operations, and then determine the exact tax rate, but the person involved was uncooperative.
