Early the next morning, lawyer Ryan came to the hotel, and he and Xiao Yifei still had a lot of things to do today. Xiao Yifei first asked the question he was most concerned about:

"Ryan, how much do you think I might have to pay next year?"

Ryan was dumbfounded by this question.

"Mr. Xiao, I'm sorry, my own taxes are all asked by an accountant to help, or I can't figure out how much tax I should pay."

If you don't say that Americans are bad at math, it is said that you have to use a calculator in math class.

It is said that the calculation of how much tax should be paid is not complicated, usually the total income of the taxpayer in a year, subtract all kinds of non-taxable income, and the remaining part is the taxable income. The tax rate is divided into several levels from 0 to 35%, and this is the case.

But in fact, this reduction part is too complicated, and there is a huge room for maneuvering. Not to mention the company's tax payment, just the personal related, it is said that the sum is as thick as a few books, and it is still changing every year, which makes ordinary people not understand the doorway in these tax refunds and reductions. Therefore, every year after entering March, until April, it is the harvest season for accountants.

Xiao Yifei had no choice but to go to an accountant. If he really has to pay 35% federal tax and 12.3% state personal income tax in California, that's half of the money.

Finally, an accountant from KPMG who specializes in personal tax filing explained that Xiao Yifei's 260 million yuan can be exempted from paying taxes, because he was still in China when he signed the contract with Sotheby Auction, and he neither had a green card nor applied for a green card, and he had nothing to do with the United States at all, so this money can be regarded as his income before he came to the United States. Moreover, this money has already been taxed in the UK, and Xiao Yifei is holding a green card, not an American citizen, so there is no income tax problem on overseas income (there is no foreign account law at this time). In other words, as long as China's tax bureau does not require him to pay personal income tax, the IRS will only be able to stare dryly.

Rushing to dispose of the property that should be processed by the immigrant money is a common practice for new immigrants in order to avoid the high tax policy of the United States.

Of course, this money does not pay taxes, it does not mean that Xiao Yifei does not have to pay taxes at all, the income generated by his winery operation, stock investment, etc. still has to pay taxes, after deducting loan interest, after messy deductions, only this year, it is estimated that it will be less than 100,000 taxes.

This is simply a great joy, I started to think that I had to pay more than 100 million taxes, but I was calculated by the accountant and only needed to pay 100,000. This made Xiao Yifei fully realize the importance of accountants, and he planned to choose a good accountant for himself.

In addition, they also warned Xiao Yifei and told him to be mentally prepared, the IRS will definitely not let such a large amount of tax payment be allowed to happen, and will definitely come to the door to investigate, and maybe a hearing will be held. Xiao Yifei had better prepare lawyers and accountants in advance, and it was best to have professional tax lawyers and accountants to deal with the IRS.

Hearing that he had to deal with the most terrifying IRS, Xiao Yifei muttered a little in his heart, but thinking of the more than 100 million US dollars in taxes, he made up his mind that he must fight with the IRS, which can be hundreds of millions of dollars, even if he goes to the Supreme Court to fight a lawsuit, he must go down.

As a result, Lawyer Ryan had another business to help Xiao Yifei find a specialized tax lawyer.

Since all the money can go into his own pocket, and all of it can be at his disposal, Xiao Yifei began to calculate the amount of money. Money must not stay in bank accounts, and now looking at countries to increase their efforts to print money, there is a bit of a scramble to depreciate the currency, and it must be invested to maintain its value. This is one of the reasons why his oil paintings sell for a high price.

Waiting until 9 o'clock, a Chinese tour guide came to the hotel, he came to pick up Li Qinglin and them, Xiao Yifei couldn't accompany them today, so he could only let Catherine find a tour guide.

Wells Fargo also provides customers with tax avoidance services, and for customers like Xiao Yifei, they are also willing to let Xiao Yifei experience it for free. After Xiao Yifei explained his situation in detail, the accountant of Wells Fargo also gave the conclusion that the money from the sale of paintings could not be taxed in the United States, and at the same time, they also said that because the winery's more than 100 million loans have interest, after deducting interest, the tax amount of the winery this year will be very low, maybe only tens of thousands.

Since everyone said that they could not pay taxes, Xiao Yifei began to discuss investment with Fuguo.

"They don't sell Sosby's shares now, and I can't repay your loan in advance, and I now have more than 200 million funds to invest."

After speaking, Xiao Yifei glanced at Marshall, it was they who did not let him repay the loan in advance, which forced him to find a way with so much money now.

"When I went on a trip this time, I saw that there were wind power equipment in many places, and I thought that maybe the wind power industry would make a difference. Catherine, please find out the situation in the wind power industry, and I'll see if there is a future. ”

Catherine shook her head:

"Mr. Xiao, I don't recommend you to enter the wind power industry."

"What's wrong?"

"First of all, Mr. Xiao does have a vision, and the wind power industry is a very promising industry. Now they are calling for green, low-carbon, environmental protection and sustainable energy. ”

"The state of California now mandates that 20 percent of its electricity supply must come from sustainable sources by 2013. In addition, the federal government has mandated that 15% of the electricity used by utilities be supplied by sustainable energy by 2015. Among the sustainable energy, the current technology of solar energy is not mature, and the cost of power generation is too high, so sustainable energy is more about wind power. Officially, because of these regulations, wind power is now being vigorously developed everywhere, and what Mr. Xiao saw in Los Angeles was the San Gorgoño Pass Wind Farm, which is the largest wind farm in California. ”

Xiao Yifei thought to himself: This is complimenting me, and after complimenting, it is time to talk about shortcomings. The routine is all too familiar.

"However, the two main preferential policies and subsidy programs of the federal government for the wind power industry are the Wind Energy Production Credit (PTC) and the Investment Tax Rebate (ITC), but this bill will soon expire, and then it will have to be extended once a year, so there is a lot of uncertainty."

After the introduction, Xiao Yifei knew the profitability of wind power, and it turned out that in addition to selling electricity, he could also sell the carbon emission indicators brought by wind power generation. However, the cost of wind power is still not comparable with thermal power, so it is more dependent on subsidies, of course, maybe wait until the price of wind power generation equipment drops a little more, so that the cost of wind power can be reduced, so that profits can also be guaranteed.

"There are two ways to enter the wind power industry now: one is to develop completely new wind farms. The second is to enter mature wind farms. ”

"First of all, let's talk about the difficulty of developing a new wind farm. The environmental assessment project may take two to three years to complete. It has to be tossed several times before the county board of supervisors and the state legislature to pass. Too much time to pay. ”

This is true, don't think that in the United States these procedures are simple, they are also very long. For example, the CC** wind farm project (Herry) near Rosslyn, Wyoming, was established in '08, and has been unable to carry out under the "efforts" of parliaments and institutions at all levels, and by 2014, the project was still on paper.

There is a famous saying: Dish cooking has never been an efficient system, nor is it the best system. I won't talk about the second half of the sentence.

"Second, we go into mature wind farms, so we don't have to worry about environmental impact assessments, but the price of land in those places is very high. Moreover, wind power is a capital-intensive industry, and the initial construction cost is too high, and the payback period is too long. ”

"Wind farms in California are concentrated in five main locations, in addition to the aforementioned San Gorgoño Pass Wind Farm east of Los Angeles, as well as the Tihachapi Pass branch in the north of Los Angeles and the Alpha Wind Farm next to him. The other is the Altamont Pass wind farm that you just said before you get on Highway 5 from home, and the last one you will pass by when you go straight back to Napa from Danville, called Shiloh Wind Energy Plant. ”

"These places are all mature wind farms, not to mention the land is very expensive, and you basically can't find the land of a new company, so you can only choose to participate in the shares."

In addition, Catherine told Xiao that California's existing wind farms have been criticized by environmentalists, although they are not troublesome with environmental assessments. Because these power plants were built early, they use high-speed wind turbines with small fan blades, which results in dozens of birds being killed by fan blades every year. Under the pressure of public opinion, wind farms can only gradually replace them with low-speed wind turbines with large fan blades.

"In addition, the current cost of electricity generated by wind farms is 7 cents per kilowatt-hour, and I believe Mr. Xiao also knows what the current electricity price is, and most of this difference is collected by the power company, so the profit margin of wind power is not high."

(The price of 7 cents is accepted in the industry, and some say that using a generator from an American company can be reduced to 5 cents per kilowatt-hour.) U.S. electricity prices will be introduced later. ）

"Of course, this is not to say that there is no other way to enter the wind power industry, but it needs more capital. For example, the acquisition of existing wind power plants, or the participation of shares in other wind power companies. ”

Understood, this is to say that his 200 million is not enough, and unless more money is found, 200 million is not very interesting.

"Of course, if Mr. Xiao doesn't believe me, we will provide you with a detailed report."

Xiao Yifei wondered how they seemed to know everything.

"Can you remember so much?"

Catherine laughed:

"Mr. Xiao, since we knew that you were going to invest, we have already started to prepare, and we just held an investment reception in the wind power industry some time ago, and Mr. Xiao probably didn't participate because the winery was busy."

Khan, Xiao Yifei really forgot about this, forget it, it seems that the wind power matter is out of play for the time being. However, judging from Catherine's expression and tone just now, they have a clear recommendation project.

"Then tell me your recommendation."