"As long as His Majesty agrees, the Ministry of Civil Affairs can immediately establish a bank in Beijing, and then within half a year, the first batch of branches will be established in Luoyang, Taiyuan, Youzhou, Yangzhou, Jiangling, Chengdu and other big cities, and by next year, branches can be established in more state cities."

After signing and pledging more than a dozen sulfur saltpeter mines owned by the imperial court to the bank according to Yi Feng's requirements, Wei Shi pulled out a whole million silk gold, silver and copper coins from the bank treasury of the Daxing branch on the same day, and Yi Feng did not discount a penny from him. In addition to being excited and happy, Wei Shi soon became sad again, he thought that he was the secretary of the imperial court and the minister in charge of the world's finances, but he had to borrow money from the merchants, even if this bank was actually the property dominated by King Zhao, but he still felt that he had lost a lot of face. It's like a landlord borrowing money from his tenant farmers, and even though the money is borrowed, it becomes more and more uncomfortable.

That night he tossed and turned, but he couldn't sleep.

As soon as the morning dawned, Wei Shi immediately entered the palace to ask for a face saint, after seeing the emperor, Wei Shi immediately said what he had thought about all night and did not understand, he proposed that since the bank is essentially to use the people's deposits to lend, and do the set of buying low and selling high, then why doesn't the imperial court open its own bank and do this money-making business by itself. The loan of 5 million guan just borrowed, three years later, after the imperial court has to repay the principal, it will have to pay 900,000 guan interest, 900,000 guan, what a lot of money. There is no reason why the court does not make it itself, but let those merchants make it, and even the court has to pay them interest in the end.

"The imperial court runs a bank, which is to compete with the people for profit." Yang Jian actually had insomnia last night, thinking of being the emperor. actually had to borrow money from his grandson, and he was uncomfortable overnight. Sun Tzu explained to him yesterday the bank's business model very clearly. It's not a big deal, it's just a matter of taking deposits and lending them. and then operate some business such as exchange and foreign exchange, but the income is extremely high. For the first time, Yang Jian also had the idea of running a bank on his own. Yang Jian has always looked down on businessmen before, in his eyes, no matter how much money businessmen make, in the face of power, money is pale and powerless. No matter how rich a businessman is, in front of the official, he is just a group of pigs that can be slaughtered at any time.

But at the moment, the court is short of money. When he was stretched thin at every turn, he suddenly felt that money was actually very important. Power is important, but the ruler who stands on a high place is also inseparable from money, and even needs money even more. Because of this, he had dismissed the future of the Ministry of Civil Affairs before, and even changed the chief officials of the two temples of Taifu Shaofu, who were in charge of the imperial treasury, but he had just finished an Eastern Crusade in which 300,000 horses and horses were annihilated. is about to fight a full-scale war with 500,000 mobilized soldiers, and Yang Jian really needs money. It's just that thinking of the previous loan of public money, he couldn't help but hesitate.

In the beginning, the public government lent money, and it did not start from this dynasty. It was a common practice during the Northern and Southern Dynasties. The imperial court is only responsible for the salaries of Beijing officials, and the salaries of foreign officials are settled by the local government itself, and the imperial court only initially provides a principal to the local officials. Then let them lend money and do business, and collect interest for profit. It is used to pay for officials' salaries and office expenses. At the beginning, this system was really good, and it solved a large financial burden on the imperial court. At the same time, it also gave convenience to the people, so this kind of public money lending was affectionately called convenience loan by the people. But who would have thought that in the end, this convenient loan became a loan for the people, not to mention the astonishingly high interest, but also by those who caught money to make profits, and even persecuted the people, in some places, those who caught money directly forcibly lent money to businessmen and people who did not need loans, and then set a high interest, and when it expired, they forcibly demanded principal and interest, and the people and businessmen could not pay it, so they seized the land and robbed the store.

Yang Jian was worried that if the imperial court came to set up a bank, the final result would be the same as the public money lend. After all, businessmen run banks, even if they seek profits, but after all, there is still the government above to supervise them, and they dare not mess around, once they do, the court has countless ways to govern them. But if the government runs the bank, who can supervise it?

In addition, there is another layer of concern that has been pressing on his heart, since Yang Jian received Zen, he has restored the Han family etiquette system everywhere, and also governed the country with Confucianism, so he also adheres to the idea that the government does not compete with the people for profit. The government-run banks, on the other hand, are obviously competing with the people for profit.

"But that's it?" Wei Shi can't care about the loss of honor in front of the king, this is a lot of money, opening a bank is not better than opening a shop or something, and even as Zhao Wang said, in fact, opening a bank can also be convenient for everyone, it is a win-win situation, people can deposit their spare money in the bank to get interest, and the merchants who need money can borrow money from here to turnover, solve their needs, and even mention funds for expansion. Even ordinary farmers, they can borrow money from the bank to buy seeds, cattle and farming tools, in short, it is a good business. If the imperial court does it, it should be able to do it bigger, it should be more convenient for more people, and the Ministry of Natural Affairs will be able to receive more money.

At this time, Wang Haihai reported forward: "Your Majesty, King Zhao has a folded submission." ”

"Oh, bring it on."

Yang Jian took the fold sent in by Yi Fengxin from Wang Hai's hand, and his eyes lit up after just looking at it, and then read it carefully, and after a long time, Yang Jian patted it on the fold with one hand and sighed: "I didn't expect King Zhao to have such a unique insight into financial planning. ”

Wei Shi looked at Yang Jian with blank eyes, and wanted to know what Yi Feng said in his heart like a cat, but he couldn't ask directly.

Yang Jian looked at Master Wei and smiled, "King Zhao's brain is really good, and he doesn't act according to common sense everywhere, but he can always find a solution in a unique way. King Zhao swore to me that since the imperial court was unwilling to compete with the people for profit, he would open a government-run bank. Then the imperial court can participate in the guò through its own position as administrators and get a piece of the pie. ”

"How can I get involved?" Wei Shi was puzzled.

"Collect taxes!" Yang Jian said the mention in the recital sent by Yi Fenggang, "The imperial court levied a tax on the interest received by all depositors on bank deposits, five taxes and one tax. ”

This interest is charged a bit harshly, directly 20 percent. But for many depositors who save money, there is no such benefit as saving money to earn interest, and they are all hiding in their homes when they are a little free, not to mention that there is no income. If you put it in a gold and silver shop, you will have to charge a storage fee. Leave it to those who specialize in lending to lend money, but there is a risk that they will not be able to get it back. Now it is deposited directly in the bank. There is a four-percent interest a year, which doesn't look like much. But it's safe to put in the bank, it can be taken at any time, and it's not bad to get three melons and two dates interest. Now if the imperial court wants to levy a 20 percent interest tax, it is not unacceptable.

The collection of interest tax has basically no impact on Yi Feng, it is the tax of depositors, and the imperial court will naturally support the banking industry if it gets benefits from it. Otherwise, the bank will make a lot of money. While the imperial court was watching, it really couldn't help but encourage the emperor to open an official bank or put some kind of trick on the bank.

Of course, it is estimated that just collecting interest tax will not satisfy the emperor and those red-eyed ministers, so Yi Feng took the initiative to play to the emperor and levy a business tax on the bank, with a tax rate of twenty taxes and one. This is also a lot of taxes, the original court collected very little commercial tax, a single variety, such as the emerging industry of banking. It is only the general practice of collecting the façade tax, not the business value of the store. But now Yi Feng proposed that the imperial court could collect a business tax on banks and levy five percent. It's like the five million that were loaned to the imperial court. If the interest received by the bank is 900,000 yuan, then 5 percent of the 900,000 yuan is 45,000 yuan of business tax, and if there is penalty interest and the like, it must also be counted together. Of course. The specific calculation is not so simple, the bank has to pay the interest on the depositor's deposit for the current quarter. Basically, the interest received on the loan minus the interest paid on the deposit, and then the rest is counted as the bank's turnover. Then, at 5 percent, the income is the quarterly business tax.

Generally speaking, the main business of banks is deposits and loans, and the interest on loans is generally equivalent to three times the interest on deposits, so the bank's income is very high, and the imperial court can also make a lot of money by levying 5 percent.

According to Yi Feng's design, although the imperial court was not directly involved in the operation of the bank, it could collect money from both depositors and banks, and the people deposited money with the bank, and the court collected taxes. Banks lent money to the people, and the imperial court collected taxes as well.

"Is the 5 percent business tax a little less, and the interest tax is 20 percent?" Wei Shi was happy, but he was inevitably a little greedy. I always feel that it is a pity that the imperial court gave up directly operating the bank, although the tax collection is simple and there is no need to operate the trouble, but the big head always makes the bank profitable.

Yang Jian waved his hand: "Half of the tax is a lot, after all, there are still costs and risks in operation." I think this plan of King Zhao is good, the bank is a new industry, there is a lot of profits, and the imperial court collects a considerable amount of taxes, which is completely deserved. ”

"Your Majesty, since the bank pays the business tax, is it true that other industries also levy this 5% business tax?"

Although Wei Shi has just received a loan of 5 million, after all, he has to repay it in three years, and he has to add 900,000 yuan in interest after repaying the principal, and he also feels extremely burdened. Always thinking about opening up sources and reducing expenditure, and now seeing that Yi Feng took the initiative to propose a business tax, he was happy, but also thought about simply levying this tax on other industries. If it can really be collected, will the Ministry of Civil Affairs still be short of money?

King Zhao also mentioned this in the chapter, but King Zhao said that the imperial court should take it step by step, first levy this new business tax in the emerging banking industry, and then levy this tax on some high-profit industries after everyone knows more about this business tax, and then slowly collect business tax on other industries. In addition, Zhao Wang also mentioned that different business tax rates should be set for different industries, such as 5 percent for the banking industry, 5 percent for the catering industry, 3 percent for the transportation and construction industries, and 10 percent or even 20 percent for the entertainment industry, such as Qinglou brothels and casinos. In addition, there should also be a threshold for business tax, such as exemption for annual turnover of less than 50 percent. King Zhao is very thoughtful, things are coming slowly, and he can't be in a hurry. Let's take one step at a time, let's first levy this business tax on the banking industry, according to Zhao Wang's proposal, levy 5 percent, and another 20 percent interest tax, and there is no threshold for interest tax. ”

"Yes." Wei Shi received the order, but he was secretly calculating in his heart how much interest tax and business tax he could collect from the bank in a year. Before entering the palace, he had been thinking that he would find a way to get the right to open a bank into the hands of the imperial court no matter what, and now, he was already thinking that this emerging industry should develop faster, so that the banking business will become bigger, and the more taxes the court will collect. (To be continued......)