Yea your right Ike, there is no one time capital raid. If a capital is liberated, then recaptured the loot is handed over again and again if that power in question has had a turn and a chance to collect income from territories they control (including those that revert back to them liberated by their allies) .
I’ve seen Calcutta get traded a couple of times. UK backs out, Japan takes it (and plunder), then UK units retake it only to lose it to Japan once more who gets to plunder it again. In this case Calcutta wasn’t holding much of a bank (only 4-5 IPCs), so trading it was more to keep the Japanese from using the IC for builds for a round. The thought was if they stepped out, then counter attacked they might also be able to kill off some Japanese ground units w/o air cover depending on how Japan played it. Plus it gave them the option to preserve units to help defend Russia.
This same rule is part of the reason you rarely see Paris get liberated, it is really two fold and some feel a flaw in game play. They have dangled an NO for the US to lib it, but I think it still falls a bit short.
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If the allies liberate Paris, they (US) no longer get to use the coastal ICs
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If Paris is liberated, and the Germans re-capture it they get to plunder the French reserves again, and this could be 10-12 IPCs depending on the territories the French still control.
Once the allies get a strong hold on the French beaches the axis rarely defend Paris very well because it could be better to trade it (they will stack W Germany). The allies need to make damn sure that if they liberate Paris, they won’t lose it to counter attack giving the Germans extra IPCs for their war effort.
Consider this because of turn order, say the US liberates Paris, and the UK joins them with ground and air units for cover. Italy probably won’t try to retake Paris at this time (as if they could anyway lol), because the French haven’t had a turn yet and didn’t collect income (nothing to plunder). So Italy takes a pass (might hit & run to weaken it), leaving it for Germany because the French got to collect income in between. So tell me, were the Italians that inferior to where they couldn’t find out where the French hid their new reserves (he he)?