Chapter 1661 Ventilation
You can't do it without pretending to be dead.
When Han Xuan looked through the folder in his hand, he really saw the projects that the Snow Mountain Group had handled this year.
If you read every document, even for him, it will take a few days, and the process will definitely be boring.
With the scale of Snow Mountain Group now exceeding one trillion US dollars, it is normal for such a thing to occur, the operating data of hundreds of companies will be summarized to the parent company, as the parent company, Snow Mountain Group itself does not involve specific operations, those are the business of subsidiaries, it only needs to manage each subsidiary.
Other CEOs are busy managing a company, but the business involved in Snow Mountain Group is too miscellaneous, which shows that Anthony's executive ability is really good.
High pay also means high returns, he has about 1.4 percent of the parent company's dividend rights, in addition to other subsidiaries of equity awards, worth more than $3 billion, his name can appear on the Forbes 500 rich list, and the position is relatively high.
I heard that the number of companies in which Snow Mountain Group is now a shareholder, plus Interstellar Investment and the underground business empire in the Maldives, there are also a lot of individuals under their names.
Han Xuan was finally shocked to find that he held at least 2,800 shares of more than 2,800 companies around the world! The reason for this situation is mainly due to the fact that several companies have angel investment departments.
Han Xuan put the folder on the table, quietly changed the topic and asked Executive Anthony, "We directly manage so many companies?" How did I not know ......"
"If you care more about the development of the company, you will definitely know."
Mr. Anthony quipped, and then said: "Those companies that have absolute controlling stakes are mainly concentrated in fund management, technology manufacturing, insurance, Internet and other industries.
Twenty-nine of them were created by our group, and the rest were through acquisitions, and I deal with an average of about ten acquisition agreements a day.
Recently, the Nasdaq has had a problem, and through the sale of shares in Internet companies, it has withdrawn $96.3 billion, of which about 87 percent has been left overseas, and this part of the funds is not subject to taxes for the time being.
When setting up this company, we really shouldn't be registered in the United States, otherwise we can save a lot of money. ”
Executive Anthony was referring to the parent company of Snow Mountain Group itself, which was the first company created by Han Xuan.
Most of the companies that were later established such as O, Destiny, Snow Mountain Pharmaceutical, Snow Mountain Real Estate, and Family Office Star Investment mainly operate in the United States, but they are actually registered in the Bermuda Triangle, the Cayman Islands, Scotland, the Maldives and other places.
Now they have been quietly transferred to the Republic of Maldives, the base camp of the underground business empire under the name of Han Xuan.
From the president to the congressman, Han Xuan is a person, and he doesn't even have to pay taxes there, not only Han Xuan, but other newly established companies are doing the same, and a large part of the companies in Silicon Valley are registered overseas.
Take Hope Group as an example, according to US law, US companies need to pay 25 to 35 percent tax on their overseas profits, but in fact, the tax paid by Hope Group to the US IRS last year only accounted for 3.9 percent of the total profits.
As for why this can be done, the answer is simple: Hope Group has adopted the "transfer price" tax avoidance trick to register different offshore companies as subsidiaries, and then use these different subsidiaries to settle debts.
It is perfectly legal to transfer income to tax havens with low tax rates and to countries and regions with high taxes.
The companies under the name of the Snow Mountain Group are doing this, and calculating all the taxes that need to be paid every year only accounts for about 4.7 percent of the total profits of all the companies under the Snow Mountain Group, which is a high tax rate compared with other multinational companies.
The most awesome thing to do is that not only did not pay even a penny in taxes, but instead received subsidies from the United States, which has happened in history......
The Americans who really pay taxes are the majority of the middle and upper bracketies, Han Xuan, Mr. Han and others have exceeded the "high-yield range", and the US government is influenced by conglomerates and powerful capitalists, and I have not heard that those who make rules will use the rules to trap themselves to death, unless they want to pay taxes themselves.
If he wanted less, Han Xuan could have paid less taxes, and President Clinton once asked him privately: "As an American company, it's not right for you to move your profits to a place where you don't have to pay taxes."
Unless we lower the corporate tax rate, aren't you going to transfer tens of billions of dollars of cash in foreign countries to China? ”
Han Xuan innocently said: "According to the current tax rate in the United States, my grandfather and I have no such plan......
When he said this in front of the president, President Clinton was just helpless, and there was nothing he could do.
It cannot be said that all politicians in the United States are shameless, but 99 percent of the top politicians who can become famous are shameless, and Clinton does not want to become the fifth US president to be assassinated.
In previous years, the U.S. Treasury Department has taken targeted action to combat tax inversion transactions and reduce the returns of tax inversion companies.
It also intends to implement new policies that will make it more difficult to conduct tax inversion transactions and further reduce the tax returns of U.S. tax inversion trading companies.
These policies were indeed very useful, so the plane on which the finance minister was flying "crashed".
With the new minister coming to power, the new policies that are being planned have also come to an end, and a small number of people know the inside story, and the people are kept in the dark.
His death did not make any splashes, but was dug up for so many scandals that there was no posthumous commendation, just like being whipped, it was like killing chickens and monkeys, and the world continued to run as usual.
Last year, the United States received more than $210 billion in corporate income taxes, while the total amount of personal income taxes was $970 billion.
Entrepreneurs have no shame because they feel that they provide middle-class jobs, and that a portion of the tax contributions paid by those employees should belong to them.
At this moment, Han Xuan showed a smile and replied to Executive Anthony: "It's almost over, I need to give back to society."
I would feel guilty if the tax rate was lowered further, because all that money was going to be spent on public infrastructure, health care, national defense, etc. ”
Anthony was really touched and said with emotion: "There are very few businessmen with a conscience like you, and the U.S. government should award you a medal." ”
"I think so too.
I'll ask Mr. Clinton for one when I have time, and if I think about it, I haven't gotten a medal from the government......"