Chapter 131 Tax Avoidance Blueprint
The caller was Lawyer Kirk's daughter, who said that Lawyer Kirk had gone into the emergency room in shock while sleeping last night and had now been rescued.
Unfortunately, his nerves are impaired and he is no longer able to speak.
When Tang De rushed to the hospital, he saw a thin old man, lying on the hospital bed and receiving his daughter's feeding.
"Hello, is that Don?" Lawyer Kirk's daughter stood up, and Don nodded his head: "Is he okay?" ”
"It's not good, the doctor said that he has to be on a ventilator during this time, just call me Shanna." Lawyer Kirk's daughter was a freckled, brown-haired girl with glasses and who appeared to be studying.
"And how does he communicate with people now?" Don sat in his chair, and Tom walked outside the door to guard the door.
"He's ...... now. I can't communicate with people. Shanna pursed her lips and turned her head to look at her father's crooked eyes like a stroke.
"Well, is there anything you can help with?" Lawyer Kirk has helped Tang De deal with many contracts, and he still has great respect for this principled lawyer.
However, after the company got on the right track, it had already signed agreements with large law firms, so he hadn't talked to Lawyer Kirk for a long time.
"It's nothing, Dad's money is enough to treat his illness." Shanna sat on the edge of the bed: "But he probably sensed that something was going to be wrong, so he wrote a document in advance, and it was all things to deal with." Don, you're one of them. ”
"I see."
"But your matter is more complicated, involving your company's shareholding structure and some miscellaneous things, I really can't deal with it, so I can only call my dad's students to come."
"Students?" As soon as Tang De said these two words, he heard the sound of leather shoes coming from outside the door.
"My little Shanna, long time no see!" A blonde man in a gray suit with a yellow tie walked in, he looked rather handsome, a bit like Brad Pitt.
"Little Pete, long time no see." Shanna hit back with the same words, not falling behind in the slightest.
"I've said it many times, my name is Loren Ortiz, this gentleman, please call me Loren, I'm a student of the teacher, and I've worked under him for a few years."
"Hello, Loren." Tang De politely shook his hand.
"So why did you call me here? Is it to take care of the teacher day and night, to reflect my noble qualities? Forget it, I might as well give you five hundred dollars and get a babysitter for the teacher. ”
Loren speaks very directly, and his movements are also vigorous, and he seems to be working in an elite law firm.
"I know your time is precious, but now that my money buys your time, please bring out some professionalism, little Pete." Shanna was expressionless as she spoke.
Don raised an eyebrow when he heard this, and thought it was funny, and wanted to let Lawyer Kirk's students come to the hospital and buy his time, which was very American.
"Okay, okay." Loren sat in his chair, took out his notebook and pen and said, "Tell me, my dear, what do you need to consult?" ”
"It's not me, it's him." Shanna pointed at Donde, and then handed over a few pages in her hand: "My dad used to be his lawyer, and now he is down, and you need to deal with something." ”
"Of course, no problem, well, I'll see." Luo Lun carefully looked at the contents of the paper, but it didn't matter if he looked at it, the next moment his eyes suddenly lit up.
"What an astonishment! Mr. Donde, it turns out that your business is so big! Sorry, I didn't officially introduce myself just now. Loren turned his head and put on a professional smirk: "I now run a business consulting firm, doing business consulting work. ”
"Business consultant?" Tang De felt that these words seemed to hide a lot of things.
"That's right!" Luo Lun whispered at a very fast pace: "Asset transfer, asset restructuring, bankruptcy filing, and reasonable tax avoidance are all within the scope of my services. ”
"I see." It dawned on Tang De that it was a company specializing in asset management for the wealthy, but it was really needed in a tax-heavy place like the United States.
"But what does that have to do with me?"
Loren laughed: "Of course it matters, because you have a brokerage company, an advertising company, and most importantly, you also have a multinational company, maybe there will be more companies in the future, I can see that you are trying to plan some kind of business territory." ”
He had consulted Lawyer Kirk about the multinational company before, but he didn't expect him to suddenly become paralyzed.
"Hmm......" Don De was noncommittal.
Loren continued: "So of course you need me, because I can help you avoid taxes reasonably and help you stay behind the scenes. ”
"Tell me about it." Don De immediately became interested in this topic.
"Okay." Loren tried to explain to Don De in the simplest way: "First of all, tax avoidance, not tax evasion. Tax avoidance is a very normal business practice, like if you fly from New York to Los Angeles for $232, and if you drive yourself, it will cost you $189. The difference in price is equivalent to the amount of tax avoided that you spend extra time recouping. ”
As he spoke, Loren drew two lines on the paper to help Tang De understand: "If your money is earned in the United States, and it is all in the United States, then there is basically no need for tax avoidance, but if it involves multinational companies, tax avoidance is very important."
"Because there are two principles in the way the modern state collects taxes: the principle of territoriality and the principle of person. The former is saying that no matter where you are, as long as there is a transaction in my country and there is income, you have to pay taxes. The latter is that no matter where you go to earn money, as long as you are my citizen, you have to pay taxes. ”
"And a lot of countries are doing both, which means that if your multinational company generates revenue, then you have to pay taxes to both the country where it was registered and the country that makes money, do you know how much money you lose? Twenty percent, thirty percent, or even forty percent net profit. ”
Luo Lun put his fingers together: "That's such an exaggeration, Mr. Donde, but it's not impossible to solve it." ”
Tang De nodded thoughtfully: "You continue." ”
He really needs to know something about tax avoidance, as the company grows bigger and bigger, it is no longer as petty as before, and the annual net profit is a lot of money, of course he refuses to let the tax take away 20%.
"The solution is to register a company where there is no tax rate, do you know the Cayman Islands, the British Virgin Islands and Ireland?"
"There is zero corporate tax, and the money earned by the company's operation does not have to be paid, and we can register a multinational company in one of them, and we can avoid paying part of the tax."
"But that's just part of the tax avoidance, after the settlement of the country of registration. In fact, if you are an entity operator, then I probably won't talk to you about these contents, but now it's just right, what you're doing is creativity, it's copyright, it's a brokerage contract. This intangible asset is very suitable for tax avoidance. ”
Luo Ren's expression became a little excited when he said this, but he still paused, and chose to look around: "Is it safe here?" Mr. Tang De, why don't we go to the company and have a good talk? ”
Tang De knew that what he was going to talk about next was the most important tax avoidance step, there were many people, this was people's livelihood, and it couldn't be said easily.
"Okay, then let's go to the company."
As soon as Tang De finished speaking, Luo Lun got up and looked at Shanna: "What about my consultation fee?" ”
"You ask him." Shanna turned her head to look at Donde.
"Me?" Tang De couldn't cry or laugh, he paid for the time with Luo Lun, this girl can really borrow the Buddha.
But he didn't hesitate about this, and said directly: "Let's go to the company first, let's count it together." ”
Naturally, Loren came by car, and Tom followed him all the way back to his company.
I saw that the company was very small, with only a few workstations and an office, and several employees were also in an idle attitude at the workstations, and it seemed that Loren's business was not very good.
Seeing this, Loren explained: "You know, a company like ours needs to keep a low profile, and the customers are all one-time deals. ”
Don raised an eyebrow, not exposing his lies.
The two entered the office, and Loren took off his coat and poured a glass of milk for Donde, because Donde didn't drink coffee.
"Go on." Don De listened with his cup in his hand.
Luo Lun immediately said: "Okay, let's continue the previous topic and say that these intangible assets in your hands are the most suitable for tax avoidance, because we can offshore the funds." ”
"Offshore funds?"
"That's right, I'll give you an analogy. Your Supreme Idea, which has signed contracts with many companies, can be placed on those small Caribbean islands with zero tax rates, so that you can reasonably avoid taxes, and all you need to think about is how to transfer these funds in. In fact, big companies like Microsoft and Google do just that. Hollywood stars are similarly tax-avoidant, and it's a huge offshore market. ”
"Then how do you transfer the funds to the country?" Don De asked.
Loren smiled: "Then you need me, I can apply for tax residency in the Bahamas for you first, just buy a house locally." Then I can help you negotiate with Luxembourg to open a low-tax company.
"Because of your status, you are a Hollywood celebrity, although your current work may not let everyone know you, but don't worry, we can talk about the five percent tax rate first, and continue to talk after you become famous.
"Then it's a BVI (Virgin Islands) company that owns the Luxembourg company, a Cayman Islands company that holds the BVI company, and finally you own the Cayman Islands company."
"After such a series of operations, your corporate tax rate becomes 5 percent, and you only need to pay such a small tax rate to transfer all your income to the country."
"And what's the biggest benefit, you know?"
"What is it?" Don raised an eyebrow.
"It's you who completely disappeared from the company! It's like magic, boom! ”
(End of chapter)