Late wages now reach the staff who earned them
When a corporation paid a missed payroll day late, the money left its account but never reached the employees. Late wages are now paid to the people who were owed them, with income tax withheld, and the late payments made so far have been paid out.
Staff are paid every game day. When your corporation cannot afford a day's wages, that day stays on your books as an unpaid bill, and it is settled automatically as soon as you have the cash.
Until now that late payment had a gap. The money left your account, but it never reached the employees: it was held on the households' side of the economy where nobody could spend it, and no income tax was collected on it.
That is fixed. When an unpaid payroll day is settled:
- The people who worked that day are paid, whether or not they still work for you. A team that walked out after three unpaid days still receives the wages it was owed once you pay them. - Income tax is withheld and goes to the country where they worked, as with any wage. - Executives' pay is taxed in the same way.
The same applies when a corporation is wound up and its remaining cash pays its unpaid wages.
Nothing changes in what you pay. A late payment still does not undo an unpaid day: three unpaid game days in a row and the team leaves, exactly as before.
The late payments made before this fix have been paid out to the citizens who were owed them, so households across the affected countries have that money to spend.