Chapter 281 Tax burden and identity choice
When Yang Ming was busy dealing with various officials and businessmen and finding the best model for his own wishes, Li Wei helped him arrange another important matter behind the scenes.
"Want to go to Xiangjiang? The Chief Executive wants to see us?" Yang Ming was a little surprised by this arrangement, but he had always wanted to go to Xiangjiang, but he didn't have time to plan.
"Discuss some investments and business affairs, and then deal with some private matters." Li Wei held his coat in her hand and asked him to try other clothes.
"By the way, you don't want to have too early." Yang Ming knew that she didn't want to have a child so quickly. Before she could enjoy love and achievements, she had some regrets as a mother.
"I'll ask for comments at the end." Li Wei stepped forward to tidy up his collar, and the private custom tailor next to him smiled slightly and stepped out.
"I don't mind, don't let myself sacrifice anything anymore." Yang Ming was very open-minded in this regard, "and I was not ready, and I just became a father like this and it was not decent at all."
"Who said it!" Li Wei touched the stubble on his face in a doting way, "It's quite mature and charming!"
Yang Ming supported her: "Do as you want! But it's better for us to go to the United States. They are very skilled and they will also play there for a while."
...
Go south on the G650.
Li Wei talked about the performance after Dongxing’s listing: “The stock price remained around HK$8.0 and the market value was 88 billion, which would have many benefits for us to start the replacement and acquisition of Nanxing.”
"Has it worked?" Yang Ming knew that Li Wei had been promoting mergers and acquisitions.
"We have obtained 11% of the stocks from some shareholders through different ways of holding, and 12% of the circulating equity in the secondary market."
"So we have 23%?" Yang Ming felt that this step was approaching in the push, "Is there any difficulty?"
"There may be some major shareholders who object and do not agree to being acquired, but my solution is to increase the proportion to 30% by continuing to increase the holdings and trigger a forced acquisition offer."
"Under the Hong Kong stock rules, after the forced offer occurs, small and medium shareholders can still have the opportunity to withdraw. They ignore the opinions of major shareholders, even if they transfer the stock to us at the highest price on the market."
Yang Ming agreed with this approach: "After the offer is initiated, small and medium-sized shareholders are definitely afraid that the major shareholder will change its direction and will lose money, so in many cases they will sell it at a high price."
Looking at Li Wei's confidence, she is almost sure of Dongxing's merger and acquisition of Nanxing. After the merger and reorganization, she can become a large-scale banking group.
Banks can play a consortium-like blood transfusion site. With the assistance of bank funds, banks have the rich business volume of large groups, achieving a win-win situation!
"Things are getting better and better!" Yang Ming was satisfied. Although he was very rich, no one would think he had too much money, let alone he had a lot of money.
"There are also some uncertain prospects." Li Wei's mouth was not full of good news.
"Tell me, look."
"CRS has been launched in China. People and enterprises like us are the focus, and you know that those involved in the export field are more important." Li Wei said.
What is CRS? It is a global tax method for business information disclosure and business taxation for enterprises and wealthy people.
But the difference is that overseas income and overseas investments may be included in the scope of inspection!
Even the United States, which has imposed global taxes, has not had such great efforts! When the United States did this, it caused a lot of capital to reverse taxes (the business entity fled the United States).
For Li Wei, the group's operations will definitely be affected by this.
Because the previous one they used was: domestic export ports, and the port then transferred to the designated country, and two sets of contracts!
To give a brief example: if the group's drug priced at 100 million is exported to the United States, it will be sold to Hong Kong for 70 million yuan. This part will be deducted from operating costs and pay a small amount of tax.
The Hong Kong will sell the contract to the United States for US$100 million, but because the goods do not pass through the Hong Kong, according to local tax laws, this is overseas income and no tax will be paid!
So when this $30 million is profit, it means saving 30 million in part of the tax! (Because there are pre-tax cost deductions, which actually saves more)
This is because Hong Kong is a well-known low-tax area, individuals only have a maximum tax of 15%, companies apply a tax rate of 16.5%, and there are no other complex tax items.
It does not tax operations that generate income outside the local area, just like it just received 100 million US dollars in revenue overseas, and it does not tax this part.
So Xiangjiang is an excellent tax haven, and many offshore companies have also registered here. Northland Pharmaceutical's export operations are such multiple sets of contracts.
But if global taxation is implemented, the pressure on the amount of money the company needs to pay will increase.
"How much impact will our profits be?" Yang Ming wanted to ask the key point.
She said: "According to our ability to have a revenue of 60 billion yuan overseas, we may increase the tax burden by 5 billion yuan, but it is not certain whether to deduct duplicate projects at home and abroad in China."
"If this is the case, it will be a bit heavy." Yang Ming thought that if he could save this money, he could invest in scientific and technological research and development and university projects.
Even if you spend money on your own, it can offset his spending for several years... As a rich man, it is impossible to turn a blind eye to such a large amount of taxes!
Even though he is very rich, he is like the richest man, and he will also make reasonable avoidances in all aspects of taxation - he suddenly understands her purpose!
"So you want to see the Chief Executive, not the Chief Executive." Yang Ming suddenly realized that he was such a powerful woman. When she belonged to her, it was like sleeping without any worries.
"Thank you." Li Wei raised her legs and drank coffee. She had her own way, such as Hong Kong and Macao identity, so under one country, two systems, the mainland system would not affect this place.
Although Xiangjiang has canceled the most direct investment policy and cannot obtain identity by investing money, what they now need is talents and technology.
That's why Li Wei specially designated to meet with the highest officials. The weight and technology they represent have been heard by the world in the recent series of big blows!
"Have you really thought about changing the environment?" Yang Ming asked her.
Li Wei asked back: "Have you considered it before? The tax burden here is even lower. You will be charged 45% of your personal income tax and 20% of your dividends in China, but here it is up to 15%, and the income from overseas operations is not taxed."
Yang Ming tsk: "You know I am from a financial background, and these numbers are simply irresistible to me!"
Li Wei nodded in agreement: "We are all the same. One more point is more than one less point, which is enough for those of us to rack our brains, let alone such a large number. With the identity here, we are also Chinese, but it is much easier to go abroad. A large number of countries are visa-free, and the communication procedures are greatly simplified, which is very convenient for your investment and development!"
Speaking of the passport visa-free issue, Yang Ming has always been bound to be in his heart. The outside world may not be good, but he has a lot of business outside.
"There is another point," Li Wei said closer, "According to your temperament and style, you are positive now, but can you guarantee that it will be certain in the future?"
Yang Ming knew that this matter was not very good, but as a top rich man in the industry, he was not honest. He did have the possibility of a big tree attracting wind. A predecessor said: the higher the position, the more he was walking on thin ice.
She said again: "In Hong Kong, it is relatively loose in terms of policy. It does not recognize it but is accused of other identities at the same time. They even acquiesced to dual nationality. If we operate in the mainland, there is no need to mess around. But if we focus on the global scale, it will be more convenient here, whether in terms of tax burden or fund use."
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Chapter completed!