Chapter 1664 Taxes in the United States
You can't pretend to be dead.
When Han Xuan looked through the folders in his hand, he really saw a series of projects that Snow Mountain Group had handled this year.
If he finished reading every piece of information, it would take him a few days, and the process would definitely be boring.
With Xueshan Group now exceeding one trillion US dollars, it is normal for such a thing to happen. The operating data of those hundreds of companies will be summarized into the parent company. As the parent company, Xueshan Group itself does not involve specific operations. Those are the business of subsidiaries. It only needs to manage each subsidiary well.
Other CEOs are busy managing a company, and the business involved in Snow Mountain Group is too complicated, which shows that Anthony's executive ability is really good.
High efforts also mean high returns. He has about 1.4% of the dividend rights of the parent company, and there are also equity rewards from other subsidiaries, worth more than 3 billion US dollars. His name can appear on the Forbes Five Hundred Richies Ranking and is in a relatively high position.
I heard that there are many companies in which Xueshan Group is now involved, plus Star Investment, and there are many under my personal name in the underground business empire of the Maldives.
Han Xuan was finally shocked to find that he owned at least 2,800 stakes in more than 2,800 companies in various countries around the world! The reason for this situation is mainly because several companies have angel investment departments.
Han Xuan put the folder on the table and quietly changed the subject and asked the executive Anthony: Managing so many companies? Why don’t I know..."
"If you care more about the company's development, you will definitely know."
Mr. Anthony joked, and then spoke: "Those companies with absolute controlling stakes are mainly concentrated in fund management, technology manufacturing, insurance, and the Internet industries.
Twenty-nine of them were founded by our group, and the rest were acquired through acquisitions. I had to handle about ten acquisition agreements every day on average.
Recently, Nasdaq has had problems. By selling stocks from Internet companies, $96.3 billion has been recovered, and about 87% of them have been left overseas. This part of the funds does not need to be paid taxes for the time being.
When we set up this company, we shouldn’t really be in the United States, otherwise we could save a lot of money.”
Executive Anthony refers to the parent company of Snow Mountain Group itself, which is the first company founded by Han Xuan.
The wow, destiny, snow mountain pharmaceuticals, snow mountain real estate, family offices, interstellar investment, etc., which were later established, most of the companies were mainly operated in the United States, but their actual registration locations were in the Bermuda Triangle, Cayman Islands, Scotland, Maldives and other places.
Now they have been quietly transferred to the Republic of Maldives, the base camp of the underground commercial empire under the name of South Korea.
From the president to the MP, they are all from Han Sun, and there is no need to pay taxes there. Not only Han Sun, but other newly established companies are also doing this. A large part of Silicon Valley's registered places are overseas.
Never think about understanding the tax issues of multinational companies. Take Hope Group as an example. According to the laws of the United States, American companies' overseas profits need to pay 25% to 35% of taxes. In fact, the taxes paid by Hope Group to the U.S. Tax Office last year only accounted for 3.9% of the total profit.
As for why this can be done, the answer is very simple. I hope the group will adopt the tax avoidance trick of "transfer price", register different offshore companies as subsidiaries, and then use these different subsidiaries to pay the bills.
Transfer income to tax havens with low tax rates and expenditure to countries and regions with high tax revenues, and the process is completely legal.
Companies under the name of Xueshan Group are doing this. Calculate the total taxes that need to be paid every year, but in fact, they only account for about 4.7% of the total profits of all companies under Xueshan Group. Compared with other multinational companies, it is a high tax rate.
The most awesome approach is that not only did not pay even a cent tax, but instead received subsidies from the United States. Such strange things have happened in history...
The Americans who really pay taxes are most middle and high-yield classes. Han Xuan, Mr. Han and others have exceeded the "high-yield range". The US government is influenced by consortiums and powerful capitalists. I have never heard of people who make rules and use rules to trap themselves unless they want to pay taxes themselves.
If you want less, Han Xuan can pay less taxes. President Clinton once asked him privately: "As an American company, it is wrong for you to transfer profits to places where you don't have to pay taxes.
Unless we lower the company's tax rate, will your family not intend to transfer the tens of billions of dollars of cash in foreign countries to the country?"
Han Xuan innocently said: "According to the current tax rate in the United States, my grandfather and I have no such plan..."
President Clinton said this in front of the president openly and honestly, and he was completely helpless.
It cannot be said that all American politicians are shameless, but among the top politicians who can make a famous one, 99% are shameless. Clinton does not want to become the fifth president in the United States to be assassinated.
A few years ago, the US Treasury Department has taken targeted actions to prepare to crack down on tax inversion transactions and reduce the income of tax inversion companies.
It is also planned to implement new policies to make tax inversion transactions more difficult and further reduce the tax returns of US tax inversion transaction companies.
These policies are indeed quite useful, so the plane that the Minister of Finance took "accidentally crashed".
The media reported a few words indifferently that as the new minister came to power, the new policies being planned were gone, a small number of people knew the inside story and the people were kept in the dark.
His death did not splash any water, but instead he was dug up a lot of scandals, so there was no reward after his death. It was like being whipped into a corpse, which was like killing a chicken and valiant monkey, and the world continued to operate as usual.
The United States received more than $210 billion in corporate income tax last year, while the total amount of personal income tax was $970 billion.
Entrepreneurs have no shame because they feel that they provide middle-class jobs, and some of the contributions paid by the employees should belong to them.
At this moment, Han Xuan smiled and replied to Executive Anthony, saying: "It's almost done, I need to give back to society.
If the tax rate is further reduced, I will feel guilty. After all, the money will be spent on public infrastructure construction, medical care, national defense, etc..”
Anthony was really moved and said with emotion: "There are few businessmen who are as conscientious as you, and the US government should award you medals."
“I feel so too.
When I have time to ask Mr. Clinton for one, think about it carefully, I have not received a medal issued by the government yet..."
Chapter completed!