Chapter Twenty-Six: Having Money
Wei Mingliang felt a little funny, but he couldn't laugh, so he could only lightly tap the table with his hand, attracting everyone's attention, "Comrades, today's mayor's office meeting is mainly to discuss the feasibility analysis and study of Orange Technology's construction of an international business headquarters building. Pen ~ Fun ~ Pavilion www.biquge.info"
"Mayor Wei, it is precisely because of this that we have to study and discuss carefully, in case something goes wrong, we must be responsible at that time. Gao Xiaorong, director of the Municipal Finance Bureau, who was specially invited to attend the meeting, was a little cautious.
From the very beginning when he was invited to participate in this meeting, he knew the city's plan, that is, the government came forward to provide financial support to Orange Technology, to put it bluntly, the city wanted to keep Orange Technology, and had to do some favors, such as taking the initiative to greet the bank and make loans within the scope of the law.
After all, everyone is willing to support high-quality technology enterprises to take root in the city, promote jobs, and increase a large amount of tax revenue.
However, according to the information reported by Orange Technology, the planned cost of the commercial headquarters is expected to be more than 500 million US dollars, equivalent to more than 4 billion RMB.
That's why he had concerns, and even didn't hesitate to move out of an incident that happened a while ago to express his worries, "Mayor Wei, do you remember the unfinished building in our Oriental Business Circle?"
"Remember, what's wrong? Didn't we just go to inspect it some time ago? There are results in the district and your bureau?" Although it was an office meeting to discuss the business headquarters of Orange Technology, Wei Mingliang did not dare to take other equally important work lightly.
The Oriental Business Circle, talking about an unfinished business circle in the center of Pengcheng City, started more than ten years ago, at that time claimed to build the most prosperous golden area in the whole city, but unfortunately now it seems that this is a wonderful lie.
"How can there be a result, Mayor Wei, that piece of land is now plus the floors that have been completed but not put into use, and it is conservatively estimated to be more than 5 billion RMB, which is not a small amount! You must know that last year, the total financial income of our entire Pengcheng was only more than 50 billion, which is one-tenth, just ask which powerful developer is willing to take over such a mess?" Gao Xiaorong said with a wry smile.
As he spoke just now, Wu Kebao, the deputy mayor in charge of economic development, continued to say on the topic, "Mayor Wei, if such a big project is rashly launched, it will certainly be conducive to the development of the city, but we also have to consider one problem, that is, the strength of Orange Technology. ”
"Do they have the strength to build the company's headquarters building alone, you must know that this is a huge amount of money close to 4 billion RMB, and they are a new enterprise, once the technology is limited in the market, or not touted by the market, it is likely to cause the rupture of the capital chain, resulting in the entire project is unsustainable. Wu Kebao put his opinions on the table in one breath and let others comment.
For a while, in the entire conference room, everyone had a solemn face.
Yes, it is certainly a good thing for a company to invest in a commercial headquarters, and it is also a technology star enterprise valued by the city like Orange Technology.
After all, science and technology enterprises are different from traditional industries, Orange Technology has been developing for almost half a year, and there are only three or four hundred people, if it moves away one day, Pengcheng City does not have a good way to stop it, but once the company headquarters is built, it will be different, and it is not so easy to relocate in the future, after all, this building cannot run away.
But on the other hand, can Orange Technology fully afford such a large investment?
Or, can a technology company with only three or four hundred employees in Orange Technology use such a large place?
Whether they threw out this construction plan because they were overly optimistic about the company's future, or whether they were trying to take advantage of it to extract a large number of bank loans from Pengcheng City for business purposes? These are all questions that plagued the participants.
Wei Mingliang was silent for a while, and after lighting a cigarette, he thought silently, and when the topic went on, he was also a little skeptical, did Orange Technology really want to use this project to obtain funds to develop and grow?
You must know that such a large project, the money and time involved, will not be solved in a moment and a half.
"Mayor Wei, Mr. Li Mubai Li of Orange Technology got off the plane, he just called, I hope to have time to meet you. At this moment, the secretary waiting outside the conference room walked in and whispered in Wei Mingming's ear.
"Oh, okay, you give it, at 1 o'clock in the afternoon, I will personally go to Orange Technology Company to visit, and you tell him to prepare the relevant financial statements and operating data, especially the documents that can prove the strength of Orange Technology. Wei Mingliang didn't feel good in his heart, originally he wanted to take advantage of this meeting to make some big news.
After all, he is an official and benefits one party, what is conspicuous and what is showing his face, he deeply understands that if Orange Technology really has the strength to bear the commercial headquarters with a cost of 500 million US dollars on its own, then it may not be possible to build the tallest building in Asia and even the tallest building in the world with the help of the government.
But at the meeting, he was defused by a few people in a word, and now it is impossible to forcibly push Orange Technology on the horse, so he can only find out their details first, if the other party really has this strength, then next time he can go directly to the Standing Committee, I believe that everyone is willing to accept a powerful technology company to build the world's tallest building to add glory to Pengcheng.
The secretary nodded, "Okay, I'll go and call Mr. Li." ”
"What? Our report didn't pass? What's the matter, I went back and urged them to hurry up and hand over our company's financial statements and the balance of deposits in our international accounts to the city, yes! Li Mubai, who received the call, originally thought that this time he would go to Pengcheng, just sign and show his face.
As a result, when I heard that there were different voices in the city, and questioned the strength of Orange Technology, I couldn't sit still, and as soon as I got off the plane, I immediately called the company, "Ye Wei, what are you doing over there, didn't I ask you to make a detailed report to the Pengcheng City Government? Why are you moving so slowly." ”
Ye Wei, who has been staying in the company for several months and has learned a lot of experience, is now starting to get better and better, at least some common sense problems, she can easily settle them, this will receive a call from Li Mubai, and she also arranged the work at hand in an orderly manner, while replying, "Chairman, it's not that we don't hand it over, but the city doesn't recognize the information we submit, and even the tax bureau doesn't believe in the authenticity of our statements." ”
"What do you mean?" Li Mubai was dumbfounded.
Ye Wei also said with a little crying and laughing, " Here's the thing, at the end of June, the beginning of July when the half-year audit provided a copy of the company's business documents to the Pengcheng Taxation Bureau, and applied for tax payment, but many key items of technical authorization were in the contract negotiation and signing but did not enter the actual cooperation stage, all the approximate figures are very different, we reported the amount as high as 1.537 billion US dollars, but the actual into the company's account is only 495 million US dollars, so the tax bureau let us confirm the amount before declaring. ”
"That's the case, but now it's September, I remember that the last payment from Qualcomm also reached our branch in Ireland?" Li Mubai remembered that the contract was signed at the beginning, and the payment method for technical expenses was in accordance with the traditional payment methods of foreign multinational companies, with a certain delay, but the total of 2.35 billion US dollars involved this year has basically been in place.
Ye Wei seemed to be giving orders, and after covering the phone and talking for a while, she continued, " Yes, but here's the problem, because we are overseas transfer transactions, and it involves the transfer of tax-free areas in Ireland and other places, plus the local investment of the branches in Ireland and New Zealand and the Cayman Islands, and the differentiation of regional policies, we have to stay a lot of money in the above areas, as a certificate of tax reduction investment, plus some domestic cooperative investment, the company currently has only 575 million US dollars on its books, and the city believes that our technology licensing fees are suspected of false reporting, in an attempt to seek financial subsidies from the government. ”
"How much money do I need?" Li Mubai smiled, "The subsidy from the city and the state is compensation for the independent research and development of high-tech enterprises, but we haven't even made an application, how can they think that we are trying to obtain illegal subsidies?"
"That being said, the funds and the amount of the declaration do not match, and the accounts of our overseas branches also need to be kept confidential, otherwise it will involve the tax issues of a third country. Ye Wei sometimes couldn't understand Li Mubai's thoughts.
If you are a simple businessman, then the transaction between overseas branches is naturally to choose a tax haven with very low tax for trading, which will save a lot of tax revenue.
Multinational corporations in the world will reap an additional profit equivalent to 10 to 15 percent of their net profit every year, after all, no one will refuse a green dollar bill.
But Li Mubai is good, although he has adopted this kind of tax avoidance method in overseas third countries, but when he arrives at home, he abides by the law at a glance, and even the income generated in the corners that cannot be monitored by those countries will choose to file taxes.
But things are often full of drama like this, some companies do everything possible to avoid taxes reasonably, and even do not hesitate to pay a large amount of additional financial expenditures, just like that, from time to time there are several tax evasion companies.
As for Li Mubai, he is devoted to the country. (Specialized branches in the U.S. and Europe have also taken the same approach, saying that on the bright side, no accounting problems can be a reason to limit the development of Orange Technology.) )
Even the main tax return is considered to be an attempt to seek state subsidies, which is really embarrassing.
"Forget it, let's do it! You sort out the capital income on the company's books, as well as the number of existing funds, and the source of income, etc., and after I read it, I will discuss it with the city, as long as the matter is clear, there will be no problem." Li Mubai couldn't understand the mystery inside.
However, the tax department and the audit department are well aware of this.
The reason lies in the orange technology itself, it is a company dedicated to scientific and technological research and development, rather than a specialized industrial enterprise, according to the documents issued by Pengcheng City and the national commercial department, it is a high-tech enterprise under the preferential policy of two exemptions and three halves.
In the first two years, there is no need to pay enterprise operating income tax, and the tax will be halved in the next three years.
Taking the research and development of practical technologies as an example, each can get a maximum of 1.8 million rewards, and in the case of deducting taxes, each additional project can be subsidized more or less than 100,000 yuan, not to mention the technology that has signed a technology licensing contract with a large foreign company, which is easier to pass.
Li Mubai didn't know at this time that some departments in the city not only believed that Orange Technology had fraudulent technology declarations, but also fraudulent operating income and technology licensing cooperation, because these technology licensing contracts were unlikely to be published in detail, especially when it came to sensitive patents.
With the above questions, Li Mubai drove directly to the company, found out all the confidentiality contracts involving patent cooperation, and then waited for Wei Mingliang to come to the door.
"Mr. Li, it's not easy to see you. Wei Mingliang came quickly, drove lightly, only brought a driver and a secretary, and went directly into Li Mubai's office.
This is not in the small two-story building of Longgang Technology Park, but in the headquarters of the building, the decoration is magnificent, the whole 160 square meters of luxury office area, Li Mubai alone, there are special small conference rooms, reception rooms, small single rooms for rest and entertainment.
Li Mubai didn't have time to enjoy all this, so he patronized and read the information, and was halfway through it, when he saw Wei Mingliang arrive, he got up to greet him, "Mayor Wei, you're laughing, didn't you summon me, did I fly over from the capital immediately?"
Saying that, they each sat down, and Li Mubai handed Wei Mingliang a document proving the existing funds on the books of each overseas branch, "Mayor Wei, the city's actions are a bit slow, our funds are ready, but now there is no movement in the land approval and construction approval." What makes me speechless the most is that the tax department does not recognize the operating income statement reported by our company, isn't it difficult to do?"
Wei Mingliang didn't speak, just looked down at the financial statements, and suddenly said in shock, "Your company actually has more than $2 billion on the books?!"