Chapter 131 - Ways to Avoid Taxes

After the Golden Globe Awards, it was almost 12 midnight, and Don sent Natalie home.

Of course, it was impossible to bring it back to his own home, but to Shirley Herschler's residence.

Shirley Hirschler has left MA Agency to join Down Pictures, where she has been appointed to manage the tax side.

Don had seen her a few times in the company, and each time she was busy, as if she had a lot of work at hand. According to Secretary Ira Fisher, Shirley Hirschler reimbursed a lot of financial and legal reference books, and the total price exceeded $10,000!

While lamenting that the intellectual property rights of the United States are too expensive, Tang En also secretly admired Shirley Herschler.

She is 45 years old and still so passionate about her work.

Natalie's self-motivation is influenced by her, right?

"Mom, why haven't you rested yet?" Natalie looked at Shirley Hirschler in surprise as she walked out of her study.

"There's still a bit of work on hand. Shirley Herschler reached out and stroked Natalie's hair, "It doesn't matter if you don't win the award, there will be many opportunities in the future." ”

Natalie wrinkled her nose, "I know!"

Don smiled, "I'm sorry, Shirley, to bother you so late." ”

Shirley Herschler waved her hand lightly, "You were so polite, I thought you weren't coming back." ”

Natalie raised her eyebrows when she heard this, "Where are you going if you don't come back? Mom, you don't want to drive me away, do you?"

"This girl!"

Shirley Hershler shook her head, a little helpless, and Don smiled and changed the subject, "Shirley, is the work going well? You know I've been busy with movies and company affairs...... Not much involved. ”

Shirley Herschler's face suddenly became solemn, "Donn, I was about to tell you about this. In the past, Donn Pictures was just a film studio, and it didn't matter if the system was looser, but after the acquisition of Marvel, it was necessary to establish a company system at night, especially a real manager. ”

Don fell silent.

Shirley Hirschler said, "Donn, I know you're a director, and you love to make movies, just like Spielberg. But Tangen Pictures is a film company, and it operates not only film content, but also many issues in operation, distribution, publicity, public relations, taxation and other aspects. ”

"Mom is right, Donn, you should find a manager!"

Natalie poured herself a glass of juice, curled up on the couch, drank with a straw, and nodded in agreement.

Donn smiled, "Actually, I'm already working on this. ”

"Oh?

"Bill. ”

Natalie chuckled and glared at Don in some shame.

During the reception, she and Don talked about two "Bills", one is the president and the other is the richest man. The content of the topic...... It's scary.

Don didn't sell it either, and said bluntly: "It's Bill McNick." ”

Shirley Hirschler's eyes widened in disbelief, "Bill McNick?

Don smiled, "That's him!"

"How is this possible?" said Shirley Hershler, incredulous.

"You can't always try to find out. Donn shrugged his shoulders and looked calm, "I think Bill still has the passion to work, and he's not old enough to retire." What's more, so far, I just believe that he can help me manage Down Pictures. ”

Shirley Herschler pondered for a moment, not saying much on the subject. This would be the most important personnel appointment for Donn Pictures, and even if she was Natalie's mother, she would not have the right to interfere.

"By the way, there's one more thing, the tax issue. ”

Don is a little big-headed.

Shirley Herchler looked serious and very solemn, "Donne, I think you have seriously neglected the handling of taxes, which is a major mistake!"

"No, I'll leave it all to the tax company. Donn's eyes widened.

Shirley Herschler's face flashed with disdain, "Tax company? Donn, you're thinking too simply. ”

"What do you mean?" Donne's face changed, "You mean the tax company will defraud me?"

"On the contrary, they pay your taxes openly and transparently in accordance with legal standards. Shirley Hershler shook her head.

Don raised his eyebrows, "How?"

Shirley Herchler was a little contemptuous, "It is precisely this legal and reasonable tax payment that is the biggest irresponsibility of the tax firm!"

Don suddenly understood what Shirley Herchler meant, gray areas, legal edges, tax avoidance!

The tax company did not help him avoid taxes very well.

Shirley Hirschler said, "Donn, to put it simply, let's take an example, you get $5 million plus 10% of the global box office dividends, right?"

"Hmm. ”

"What percentage of your taxes are you paying and how much are you paying in total?"

Donn thought for a moment, "...... I received about $193 million in total, 39% in federal taxes and 9.3% in California territorial taxes, for a total of about $93 million in taxes. ”

It was the first time Natalie had heard about it, and her eyes widened and she exclaimed in disbelief.

She starred in a salary of only $500,000, which is still based on Don's face. Unexpectedly, Don En gained nearly $200 million in a movie!

That's too big a gap!

Natalie was a little angry and a little lost.

Shirley Herschler heard Donne's tax return of $93 million, and her heart was distressed like a drop of blood, and she looked at Donn deeply, "Don't you think the tax is too high?"

"It's high...... Huh, is there a solution?" Donn finally understood what Shirley Herchler meant.

Shirley Hirschler said, "Donn, I've been doing a lot of research lately. Guess what the average tax was for the top 400 richest people in the United States last year?"

Tang En looked at her in a daze.

“27%!”

"It can't be!"

Tang En blurted out that he is a billionaire and has to pay 48.3% of his personal taxes, and those super-rich people who are worth billions or tens of billions of dollars have their tax rates reduced?

Shirley Hirschler shook her head and explained slowly, "Donn, let's take an example. If the 10% box office dividend is not a director's salary dividend, but an investment share, do you know what the result means?"

Don didn't understand taxes and was confused.

Shirley Hirschler said: "This means that this 10% box office dividend is your investment income. And on investment income, you pay not personal income tax, but capital income tax!"

Tang En's eyes suddenly widened, as if he had discovered a new world, and his breath was short, "Capital income said, from filming to screening, more than a year, so I only need to pay 15% capital income tax?"

"That's right!" Shirley Hirschler finally smiled, "Just imagine, a $5 million director's salary, 39% federal tax, California regional taxes can be easily waived, and Nevada has no state taxes." And the box office dividend of 188 million, only 15% of the capital income tax is paid, a total of ......"

Natalie rolled her eyes and quickly replied: "I know, 1.95 million plus 28 million, a total of $29.95 million in taxes......! 15.5%!”

Don En is already stupid, is this okay?

It turns out that the tax rate in the United States has so much to say.

Shirley Hirschler said: "Donne, you need to form a wealth management team, and you need to have a large professional team of tax accountants, lawyers, and planners. You'll pay millions of dollars a year in paycheck expenses for this, but you'll lose a huge amount of taxes. ”

Tang En gasped, "I'll do it! Damn, I've been cheated by the tax company!"

Shirley Herchler was also a little helpless, "They acted in accordance with laws and regulations, and did not choose a gray area, and you can't blame anything." It's just a pity that your income in the middle of the income will probably have to be paid at a rate of 48.3%, after all...... Time is in a hurry. ”

Tang En smiled and waved his hand, "It's okay, just buy a lesson and make up for it later...... By the way, the company's corporate income tax, is it ......"

"Of course, a federal tax of 35 percent and a district tax of 8.84 percent are unaffordable for any company. Shirley Hirschler nodded, "Especially since we're a film company, and there are a lot of tax deductions under federal and state laws. ”

"For example?"

Shirley Hirschler's face was a little embarrassed, "I have only recently studied these topics, and I don't know much about them, and the company needs to set up its own tax department. Let me give you a general idea, it has become a foundation in Nevada, and if you put all the profits of Down Pictures in this foundation, you can avoid California's 8.84% regional tax, because you can also enjoy California's tax reduction policy if you are headquartered here. ”

Don listened with a big head, "You just said how much the tax rate of the specific company will be, right?"

"About ...... About 25%. ”

"So little?"

Don was a little frightened with joy.

Shirley Hirschler smiled: "Of course, we are a film company, and any country or region has adopted a low tax rate to attract film companies, and the 10% federal tax reduction is already considered low." If you set up an offshore company, the average tax rate will be lower if the overseas income does not enter the United States. ”

For the first time, Don discovered that managing a company was so complicated!

The tax rate alone made him anxious, and he paid hundreds of millions of dollars for it.

But fortunately, he finally found the problem.

Bill McNick's invitation made Donn's heart even more urgent.

"Shirley, I'll leave the work of corporate taxation to you in the future. Your main job now is to set up the tax department!"

Don had a solemn face, exuding a courage and majesty that was very inappropriate for his age.

Shirley Herschler's heart was overjoyed.

In charge of taxation?

This is the top management of the company!

Shirley Hirschler has her own little thoughts and tricks, and she inquired about Donn's upheaval in the stock market some time ago.

With such a talented and capable boss, will the scale of Tangen Pictures be small in the future?

Shirley Hirschler seems to have seen her walking in Hollywood, hugging and hugging each other.

I'm still looking for "heads-up Hollywood" for free

Baidu direct search: "Eighth District" is free to see, no problem!

:,,!!