In the afternoon, one of Chen Hui's female assistants said: "Chairman, the appointment time between Lian Zhongcheng of the Lian family and you is almost up!"

"He's now in the reception room at Temasek Tower!"

"Do you have time to see him now?"

The assistant looked at Chen Hui, who was busy, and said, "If you are very busy today, I will change the time to let him come!"

Lien Chung Seng is currently the Chairman of Lien Foundation. He is also a member of the Board of Directors of the Singapore Community Foundation and Caritas International, Singapore, an Associate Council of the Centre for Non-Profit Leaders and a Board Member of the Lien Centre for Social Innovation at Singapore Management University. He was the president of the National Center for Volunteerism and Philanthropy and has held a number of key positions in government.

He was also a member of Parliament from 2011 to 2014 and is still in his term as a member of Parliament, although his term is coming to an end.

With a master's degree from the National University of Singapore and Harvard University's Kennedy School of Government, where he was awarded an Eisenhower Scholarship in 2010, Lien is a frequent speaker at national and international forums and a keynote speaker in The Straits Times in Singapore.

The female assistant is a native of Singapore, and she has a good impression of the 'philanthropist' Lian Zhongcheng.

Recently, Lian Zhongcheng has been inviting and wants to see the chairman, and the chairman should be difficult to find time to meet him, but the female assistant still reported to the chairman, with the permission of the chairman, and then she arranged this time at four o'clock this afternoon!

Chen Hui heard the female assistant's words, so he put down the work at hand, raised his head and said, "Well, there is no need to change the time, call him to my office!"

"I'm free today, too!"

"Prepare tea!"

As he spoke, Chen Hui got up from the boss's chair and came to the sofa.

"Yes, Chairman!"

The female assistant immediately respectfully withdrew.

A few minutes later, Lian Zhongcheng, who was polite and extraordinary, came to Chen Hui's office.

The two shook hands warmly.

"Mr. Lian, please be seated!"

Lian Zhongcheng smiled slightly and sat opposite Chen Hui.

The two slowly began to chat.

At this time, Lian Zhongcheng also explained his intention today, his term of office is about to expire, and he plans to return to his family fund and lead the transformation of their family's Lian Foundation.

Although charitable foundations are ostensibly not for profit, this does not mean that charitable foundations cannot make money, on the contrary, an important content of charitable foundations is to make money, and they cannot sit back and eat. Therefore, there are still some staff members in the foundation who need to know how to invest.

And their family's Lien Fund has been losing money over the years, especially the last time the Hang Seng Index plummeted, and they held a long position in the Hang Seng Index like Temasek Holdings.

Although they are under strict risk control, they still lose a lot of money.

And Singapore's stock market has fallen sharply recently, and they have lost money on many of the stocks held by their fund!

At present, the Lien Fund is in financial difficulties, which can be described as his career

His intention in meeting Chen Hui today was to gain Chen Hui's support, and if he could, he wanted to create an Asian Charity Foundation Association! Covering the whole of Asia, there are also people who can support him.

At this time, Lian Zhongcheng looked at Chen Hui's smiling eyes and continued: "Mr. Chen, we can unite all philanthropists in Asia to initiate and establish the Asia Charity Foundation, and create a platform for public welfare and charity exchange and cooperation that brings together forward-looking and innovative Asian philanthropists."

Saying that, Lian Zhongcheng coughed a few times and said, "Mr. Chen, you understand!"

"Ahem, after all, so many rich people want to evade taxes and avoid inheritance taxes. ”

Lian Zhongcheng looked at Chen Hui with some expectation, hoping to get Chen Hui's support, and most importantly, their Lian family has declined, and the only thing that still has some influence is in terms of government connections and charity.

Chen Hui smiled at this time: "Mr. Lian, you have a good idea!"

"I'll think about it first!", Chen Hui also pondered.

What is his natural charity fund, the charity foundation is not an authentic charity, in fact, it will not last long if it only does charity without talking about the benefits, and it will soon go out of business.

For example, Bill Gates and his ilk are not only engaged in charitable funds to make money, but also have the biggest purpose of tax evasion. Charity is secondary, after all, the money that is donated, and then the institutions that receive the money place large orders for the companies under their names.

Most of the money donated in this way flows back to his company, and then he continues to donate money, and so on.

Switch from left hand to right hand.

For example, if you donate $10 billion, then the $10 billion may flow back to 95% of the funds to its subsidiaries or affiliated companies, while indirectly bribing some charities.

In this way, under the ultra-high personal income tax, he not only evaded taxes, but also did charity, and won a lot of reputation.

The tax rate in the United States is so high, everyone knows whether they are willing to pay taxes or do charity.

After all, if you donate 5% every year, you can enjoy tax exemption.

Moreover, most of the money donated can flow back to their own companies through indirect channels from multiple parties.

This tax evasion method is not an ordinary slip.

In particular, the inheritance tax is frighteningly high, and if the belongings are not invested in charitable funds, then it is equivalent to giving it to the US Department of Revenue for nothing.

That's why Bill Gates only left $10 million for each of his children.

Although the inheritance tax rate is sometimes high and low, it is roughly around 45%, while Washington State, because there is no state-level income tax, in order to ensure that the state government collects taxes, it charges an additional state estate tax of up to 20%.

In other words, if Gates passes the wealth directly to his children, after paying the inheritance tax, almost 60% is removed. The U.S. also levies a high asset appreciation tax on investment income, ranging from 15% to 35%. If Gates sells his long-term Microsoft stock, he will pay 15 percent capital gains tax, and up to 35 percent federal tax if he cashes out his short-term investment income, compared with 38 percent in the Clinton era. We might as well calculate for Gates, if he sells his stock and transfers it to his children, then 100 million is only 1x (1-45%) x (1-20%) x (1-15%) = 37%, or 37 million.

If we take those 37 million and pay an average of 30% tax on investment income at an annual return of 10% (which is a reasonable figure in the United States), then in 30 years, the children of Gates will receive $280 million. If you want to pay less taxes and leave as much of your property as possible to your children, the only way is to donate it to your charitable foundation. Doing so exempts you from three taxes, the first time you buy shares, the asset gains tax, the inheritance tax, and the annual investment value-added tax. When you donate to your foundation, you can also offset an additional 40% of your salary and other income tax. Considering that Gates' salary bonus income is a drop in the bucket compared to the shares donated to his own foundation, his tax deduction is not considered for the time being. American law also requires all charitable foundations to donate 5% of their assets each year, which is why the Gates Foundation gives some money each year. Now let's take a look at how much money can be left for children for every 100 million dollars of property after Gates donated the money to his own foundation.

It can be assumed that the return on investment of the foundation is 10% per annum, leaving 5% after deducting the 5% donation. Now the foundation has not paid any taxes from beginning to end, and in 30 years, the principal of this 100 million has increased to 430 million, and 330 million has also been donated to the society. Gates not only left an extra 150 million to his children, but also won the reputation of a philanthropist through this $330 million donation, which is really fame and fortune. Well, there must be a loser in this, and that is Uncle Sam, because he did not receive a single copper plate tax from this huge wealth transferred by the richest man in the world to his own foundation.

Chen Hui feels that he must study hard, although the charity fund is mainly for tax evasion, but it can also really do some good things, get social welfare, and help some people in need.

It has won a lot of reputation, after all, some rich people really won't donate a penny!

However, the black-box operation of charitable funds has also been criticized.

Thinking of this, Chen Hui stopped pondering and said: "Mr. Lian, I am deeply satisfied, Asia Charity Foundation, tsk, Mr. Lian is really a very innovative person!"

Chen Hui's words suddenly made Lian Zhongcheng's face a little embarrassed, but he was still cheeky and smiled: "Mr. Chen, Miao praises, my interest in new things and innovative practices!"

"I plan to step out of the comfort zone of traditional philanthropy, deeply and systematically explore social issues and seek innovative modern philanthropic solutions that can produce real long-term social benefits, and actively seek out non-profit organizations that are worthy of funding, and cooperate deeply with them to develop public welfare and charity projects that can have a tangible long-term impact. The areas of funding can be expanded from traditional education to elderly care, hospice care, pre-school integrated education, water and public health, etc. ”

"These are things that can get a very good reputation and cost very little. ”

"When the time comes, we can target Asian countries!"

"The Future Charitable Fund can also invest in some of their projects in these countries"

"It can also earn a very good reputation in Asia. ”

Nowadays, various Asian countries have made great efforts for the development of their own countries, especially economic development, and have solved many social problems, but there are still many social problems that need to be solved by charitable organizations, such as Singapore, which has been quite developed, but still needs charitable organizations to participate in solving some social problems. Governments also need the cooperation of charitable organizations. The social value and role of charitable organizations are also obvious. As far as Asian countries are concerned, the difficulties and problems they face are different, but there are still many problems that are common and need to be solved by philanthropists in various countries.

I want the Asia Charity Foundation Association to become a platform for Asian philanthropists to communicate and cooperate with each other. ”

Lian Zhongcheng has been talking for a long time, and he has said his future charity blueprint.

Chen Hui found that he couldn't see this person clearly, whether he was a real philanthropist or a guy who helped the rich people to evade taxes!

You say that he specializes in helping people evade taxes, but you can't say it, after all, he still really does a lot of charity, but you can't say that he specializes in charity!

Chen Hui thought about it, this Asian Charity Foundation Association has incomparable benefits in Asia!

You can really do something good with your hands.

Doing philanthropy itself is a 'great cause' that will bring more benefits than disadvantages, and Chen Hui also plans to take a position at the Asian Foundation Association.

It's okay to be a deputy seat, keep a low profile, and push Lian Zhongcheng to the front!

So Chen Hui said: "Mr. Lian, your philanthropic mind and philanthropic ideals really make me very impressed, and I will fully support Mr. Lian's great cause!"

"Of course, it's also a cause of mine!"

"After all, I have made so much money, and I have to repay the human society!"

Lian Zhongcheng was suddenly embarrassed in his heart, and he also patted Chen Hui's ass complimentally.

At this time, Chen Hui smiled and said: "Then set up this Asian Foundation, I will join all the charitable funds set up by the Xiangjiang Foundation, Black Shirt Capital, and Standard Chartered Bank, and take the lead in member members of the Asia Foundation, and there will be Mr. Laurien for future charity!"

Lian Zhongcheng's family has been engaged in the charity industry for a long time, and it can be said that they have rich experience and a wide circle in the charity field, which is very suitable for being a person on the table.

Lian Zhongcheng is about to step down as a member of parliament, and he has a wealth of contacts and political experience, which is very suitable for this great cause.

When the time comes, more and more charitable funds from Asian countries will join this platform, and that influence is really not small!

Moreover, there are so many billionaires in Chen Hui's Xiangjiang Foundation, as well as the companies in which the Xiangjiang Consortium holds shares and participates, and the bosses and tycoons of these enterprises can become members of the Asia Charity Foundation.

The rich network resources of the Xiangjiang Consortium can actually be utilized, and there is nothing to do to do charity, and there is a lot of business exchange in charity!

Lian Zhongcheng said with a smile: "I am about to step down as a member of Congress, and I just want to do charity!"

"Lien's Charitable Foundation will become a member of the Asia Foundation as soon as possible!"

With that, the two quickly agreed.

The Asia Foundation Blueprint is the foundation that runs the project covering all countries in Asia.

Rationally invest a small part of the proceeds with high returns for charity, continue to invest the remaining income and principal, and find the best investment experts in Asia, which can be participated by the senior management of Chen Hui's Standard Chartered Bank and Black Shirt Capital.

This also makes the Asian Charity Foundation Association not only a money-spending institution, but also a money-making investment institution.

The Asia Foundation is divided into "Asia Foundation Trust" and "Asia Charitable Foundation". The "Asia Foundation Trust" is responsible for the appreciation and preservation of assets, and allocates donations to the "Asia Charity Foundation" for project expenditures every year.

In addition to equities, it currently invests heavily in short-term investments, including Asian government bonds, high-grade commercial paper and short-term discount bonds, as well as domestic and international mutual fund investments, high-yield corporate securities, and international corporate and government securities.

In addition, the Asia Foundation will appoint professional managers, and there will be a CEO under the board of directors who will be responsible for the implementation of specific tasks.

The Asia Charitable Foundation is made up of four divisions, namely the Asian Health Project, the Asian Development Project, the Asia Project Team and the Operations Leadership Group.

In order to ensure the transparent and efficient operation of the Foundation, the Asia Foundation has formulated a series of rules and regulations, such as staff members who cannot accept any gifts from the beneficiaries, who need to avoid any interests, and whose family members are not allowed to apply for the Foundation's bonus;

Accept external supervision through hotlines and other forms, do not get involved in political affairs, and do not donate to religious organizations and individuals.

Of course, this is just a blueprint, and the focus of the Asia Foundation will be in Southeast Asian countries at the beginning!

In the future, it will face all countries in Asia!

Lian Zhongcheng has been serving as the future of the Asia Foundation, and he is the spokesperson on the stage.

In order to keep a low profile, Chen Hui just hung the title of deputy zhu.

The initial members of the Asia Foundation consisted of many funds under the Lien Foundation, Standard Chartered Bank Group, Heung Kong Consortium and Black Shirt Capital.

Standard Chartered Bank, Blackshirt Capital, Heung Kong Consortium, and the Lian family together control the entire Asia Foundation and are the original shareholders!

Moreover, it will apply to the Securities Regulatory Commission for external secrecy, so that the flow of funds is difficult to be traced.

Any wealthy person who donates to the Asia Foundation will benefit from it, and when the funds reach a certain threshold, they will automatically become temporary shareholders and board members of the Asia Foundation, and the funds can be changed from left hand to right hand to avoid high taxes.

It's similar to Warren Buffett's left-handed switch to right-handed through the Gates Fund many times.

The Gates Foundation is nothing more than a tax haven through which Gates realizes his ideals of improving the world and passing on his wealth to future generations.

But this is also humane, after all, Bill Gates has also made a lot of charitable contributions.

At this point, Buffett has to admire his intelligence.

Chen Hui naturally wants to study hard.

But the Asia Foundation is also trying to do charity while evading taxes!

Chen Hui has set up a student loan for college students in the Asia Foundation, which provides interest-free loans to college students, and the principal will be repaid after graduation in the future.

This is a completely loss-making transaction, because according to the inflation rate, if you take out a loan of 20,000 yuan, and still recover 20,000 yuan after a few years, it is a loss of money.

Half of this loss was paid by Chen Hui himself, and half was deducted from the income of the Asia Foundation.