Chapter 571 Pay the individual income tax to repair the plank road, and transfer funds to darken the warehouse
Americans say that there are two things in life that cannot be escaped, and that is death and tax bills.
For Hu Yiting, the personal income tax cannot be escaped. Although Chongguang enjoys the preferential treatment of tax exemption for three years, as long as he withdraws his profits from the enterprise, he will inevitably have to pay individual income tax.
With Chongguang's profitability, there is really no shortage of money, and Hu Yiting keeps his personal profits in the company's accounts, just to earn more interest.
Hu Yiting actually had a plan for a long time, and he wanted to raise a large sum of money this year, because since February, the Asian financial market has no longer been calm, and a group of international hedge funds led by Soros's quantum fund have begun to take action.
As a prophet, Hu Yiting has always been silently following the Asian financial and currency markets.
The development of history has not deviated from its established track, and since February, the Thai baht has been suppressed by an invisible hand.
Hu Yiting remembers reading a report in his previous life that recorded that the Thai baht depreciated all the way until it collapsed in June, and Thailand's finance minister took the blame and resigned. In July, Thailand announced that it would abandon the fixed exchange rate system and start using a floating exchange rate, and the baht fell all over the ground.
The financial crisis, which began in Thailand, was a planned and systematic attack, and then quickly spread to all four Southeast Asian countries, namely Malaysia, the Philippines, and Indonesia, which are also known as the Four Tigers of Asia.
Here we want to talk about the concept of the so-called fixed exchange rate and floating exchange rate, in fact, it is also very simple, the central bank of the country enforces the exchange ratio between the national currency and the US dollar, which is called a fixed exchange rate, and the floating exchange rate, as the name suggests, means that the central bank does not make provisions, and the market "freely" determines the exchange ratio between the local currency and major currencies such as the US dollar.
Generally speaking, in order to protect its own industrial and commercial interests, each country will adopt an exchange ratio that favors its own currency to ensure that the interests of its economic entities such as exports or tourism are maximized.
For Thailand, which is based on tourism as the pillar of its economy, the higher the exchange rate of the national currency against the US dollar, the better, so that foreign tourists can spend more money in Thailand, if the Thai baht is 25 to 1, then foreign tourists come to Thailand and buy 25 baht goods or services, they will spend 1 US dollar, but if the exchange rate is 50 to 1, then tourists only need to spend 0.5 US dollars for 25 baht goods or services.
But if there are not enough domestic tourism customers, then there is no doubt that the government should lower the exchange rate to attract more tourists to the country.
Therefore, a country's central bank will be very cautious when adjusting the fixed exchange rate, because a small change can lead to a large increase or a large decrease in profits in related industries.
However, the current situation, just as Hu Yiting once revealed to Qi Weimin, since 95 years, the Balkan crisis manipulated by the United States behind the scenes has been continuously fermenting, the war in Kosovo has driven those who seek stability of international hot money and international investment to leave Europe for the United States, promote the ongoing Internet technology revolution in the United States, promote the American property market, and promote the American stock market.
However, with the exception of the United States, Asia is growing faster and is also in a peaceful environment, making it a good choice for international capital to invest in Asia.
This is obviously not in the interests of the United States, how can you let others warm a hot stove that you burn with your own hands.
In the past two years, international funds flowing out of Europe have been widely invested in Asia, taking Thailand as an example, real estate prices have been soaring under the impetus of foreign investment, and on the eve of the financial war, it has been speculated by international financial predators such as Soros as a prelude to launching a financial war.
In the face of the soaring prices of domestic fixed assets, Thailand has seen a huge financial bubble, with a serious increase in currency issuance, mainly housing credit loans, while the real economy, which has low profit margins, has been shrinking due to a real estate run.
The real economy and the virtual economy will rise and fall, and the country's strength will be seriously damaged, and at this time, Thailand, anyone with a discerning eye can see that it is no longer suitable to continue to maintain the fixed exchange rate of 25 baht to 1 that has been maintained for many years.
So on the day when the death knell sounded, Soros and other financial predators collectively took action and began to harvest Thailand. They shorted a large amount of the Thai baht spot, and at the same time bought forward Thai baht contracts to carry out forward foreign exchange swaps, and the depreciation of the Thai baht was their profit.
And where did the money come from? First, a large number of real estate sold and mortgaged, which had already been speculated, and second, a large amount of borrowing from various banks in Thailand. Private banks don't care about the interests of the country, if they have milk, they are mothers, and they don't care that the other party is a beast that wants to devour their own motherland.
As a result, the Bank of Thailand found that its reserves of U.S. dollars had been excommunicated in a short period of time, and in the face of international capital that was going to leave the country with countless baht to exchange for U.S. dollars, what should the central bank do if it could not come up with U.S. dollars? So it had to keep lowering the exchange rate, and finally collapsed, and the exchange rate of the Thai baht against the U.S. dollar fell all the way from February to June, from 25 to 1 to 55 to 1, and it is still collapsing. The turbulence of the financial situation has caused international capital to flee in a large scale, and domestic real estate prices have plummeted, resulting in a large number of bad debts in banks and a large number of corporate failures, a vicious circle, making the Thai baht more and more weak and weak, and the mud generally cannot be supported.
Soros and other international financial oligarchs, who took the lead in shorting the Thai baht before, made a lot of money, and used the cheap forward Thai baht contract that expired at this time to repay the spot Thai baht, making a lot of money.
Needless to say, the four Asian tigers will be strengthened one by one, and the Asian financial crisis will ferment to the highest point, so that it will be time to attack Hong Kong, which has $97 billion in strong foreign exchange reserves.
The so-called Ming Xiu plank road, secretly crossing Chen Cang, Soros's profit target at the beginning was locked in shorting HSI futures. Therefore, in July 1997, under the situation of the Thai financial crisis, it is understandable that the Hong Kong Hang Seng Index rose strangely instead of falling, which is the opening period for international hedge funds to short the Hang Seng Index.
The reason why Hu Yiting wants to withdraw a sum of money in advance is to earn a vote from Hong Kong.
, and people do not destroy the heavens and the earth for themselves, is there any conflict between these two sentences?
Hu Yiting felt that as long as the motive was correct and the timing was right, the two would not conflict.
Since Wall Street wanted to play Hong Kong, and it did play Hong Kong to death at the beginning, it was not until the central government intervened that it failed.
Then, it is reasonable to get a vote for yourself!
As long as we grasp the opportunity, turn back against the tide in advance, and turn our faces before the tide is about to fall! Go long with our backhand! Then who can find fault with ourselves? We are also heroes in the battle to defend Hong Kong...... Well, although there is some speculative component, as the saying goes, good people have to be more cunning than bad people if they want to survive to the end.
Hu Yiting felt that he was a good person.
And he thinks his family and friends must think the same way.
So, it's not okay not to be cunning.