"Sheng Zhang, today's computers are still too expensive. If you purchase too few, they will be of no use. But if you purchase too many, the cost will be too high, and many stock brokers simply cannot afford to purchase computers."
Li Zhaofu said to Zhang Zhonghua somewhat depressedly.
"Indeed, and the current large-scale computer storage is also limited. If there are a few years, the price of computers will drop significantly. By then, it will be enough to equip a large number of computers. Anyway, the same is true at the Hong Kong Island Exchange.
It will be fine when the new network becomes more popular."
Zhang Zhonghua still agrees with Li Zhaofu's words and thinks Li Zhaofu is relatively rational.
"Okay, let's talk about it in a few days. Integrated circuits in European and American countries have also developed greatly in recent years, and the price of computers should come down soon.
By the way, aren’t all networks dedicated to the financial sector? What is the new network you are talking about?”
Li Zhaofu asked curiously.
"Oh, it's a thing developed by the Ministry of National Defense and some universities in the country. It's called ARPANET. It uses satellite communications. I went to the country before and was invited by them to adjust the adaptability of computer systems and software.
of."
Li Zhaofu also listened to Zhang Zhonghua's words and nodded secretly. At the same time, he was more optimistic about Zhang Zhonghua, a young man.
'This Mr. Zhang really came from the mainland. I didn't expect him to be so capable. Not to mention Hong Kong Island, even the top computer experts in Chou Country are not as good as him. He is really a formidable young man.'
Zhang Zhonghua and Li Zhaofu chatted for more than ten minutes, then walked around and took a look at the employees of Yuhuang Securities. The Far East Exchange had also started stock trading, and the entire exchange was still very lively.
Zhang Zhonghua saw many traders wearing red vests running back and forth in the hall. In front of the big blackboard, there were many red vests who were looking at quotes. At the same time, the information on the big blackboard was constantly being modified. The red vests were based on the information on the big blackboard.
Information handwritten stock buy and sell order.
Such a primitive trading method has been used for more than 300 years from the establishment of the Amsterdam Stock Exchange in 1609. Currently, stock exchanges in developed countries around the world have abandoned this method and started to adopt computer technology for several years.
With the breakthrough of LED screen technology, the stock market should be the first to use it.
By that time, the prototype of the modern stock market should be in place.
"Ahua, our Lou Group has also bought a brokerage license and is planning to enter the stock market."
Lou Zhenhua walked to Zhang Zhonghua and said with a smile.
"Just have fun, just have fun. The Hong Kong stock market will also flourish in the future, and you won't lose money as long as you buy stocks. But it's okay to have fun, don't make it your main business, let those financial talents do it.
We still focus on developing industry.”
Zhang Zhonghua said indifferently.
"Currently, the stock market in Chou Country continues to plummet. I have recruited many talented students from Yanxia over there, so let them have fun."
Zhang Zhonghua glanced at Lou Zhenhua and secretly admired him. Uncle Lou was really willing to spend money to recruit talents, and they were all talents from prestigious universities. He was worthy of being developed by the Lou family in that era of war and chaos, and was called a person in the city.
Moreover, the two heirs of the Lou family, namely Lou Xiao'e's two brothers, are also outstanding. If this continues, the Lou family will sooner or later become the top family in Hong Kong Island.
"This professional matter still has to be left to professionals. Sister Xiao'e is also a professional now."
Zhang Zhonghua said with a smile.
"Haha, it's true, it's true! Xiao'e has really made a lot of progress now. People still have to go out and see more of the world. When I was in Sijiu City..."
Lou Zhenhua didn't go on. At that time, in the Siheyuan of Sijiucheng, Lou Xiao'e and Xu Damao quarreled all day long over trivial matters, and she soon became a shrew in the city. Unexpectedly, after finishing college on Hong Kong Island, she suddenly became a financial professional.
Elite.
Lou Zhenhua was very happy when he thought about his daughter. She studied at the New York Stock Exchange for a year and a half and read various books every day. It was really different from when she was in the 49 cities before.
"Dad, how is your football team doing now?"
Zhang Zhonghua asked curiously, not only Zhang Zhonghua wanted to engage in football, Lou Zhenhua also had this idea, and even thought of buying a football team directly in Europe.
"Forget it, I went to Europe last month. I originally wanted to buy a football team in Europe, but as soon as those ghost guys heard that I was from Yanxia, they had no chance and refused to sell me at all."
Lou Zhenhua smiled bitterly and said to Zhang Zhonghua.
"Oh, I can't help it. After all, Hong Kong Island is still a colony, and the status of Yanxia people is still very embarrassing. Let's cultivate it ourselves."
Zhang Zhonghua couldn't help but complain in his heart, what do you think about the colonial tycoon acquiring the team of the mother country?
Those ghost guys in the UK even look down on the ugly people, let alone think about it. If his Jade Emperor Group wants to acquire a company, it is still possible. After all, Zhang Zhonghua's reputation is still very good.
After staying at the exchange until the afternoon, Zhang Zhonghua returned to the villa.
The next day, Zhang Zhonghua sat in the office of Yuhuang Building and began to look at the financial statements reported by each subsidiary one by one. The overall situation made her very satisfied, especially the huge profits in the retail industry, which was faster than robbing a bank.
Carrefour Supermarket, which is already a global retail giant, has more than 800 comprehensive stores. Although it is not the first, it is probably not far behind the top three in the world, and its branches are also constantly increasing. According to this expansion
Speed will sooner or later be number one in the world.
Supermarkets in Japan have the highest profits, with gross profit margins reaching about 30%. Most of Japan’s densely populated goods are imported, so the overall profit is much higher;
Labor costs and supermarket operating costs in Europe are much higher than in Japan, and it is hard to say that in Southeast Asia, which is relatively backward.
At the same time, the population density in Europe is relatively low, so the passenger flow of Carrefour in Europe cannot be compared with that of Asian countries. This has also lowered the profits of supermarkets as a whole, and the gross profit is only about 20%;
There are only more than 80 supermarkets in Southeast Asia, but the consumption level in Southeast Asia is relatively low, which has seriously reduced the profits of Carrefour supermarkets in Southeast Asia. Now it is mainly expanding in Southeast Asia mainly to seize the market.
The average single-store profit of Carrefour supermarkets around the world is now only US$50,000, but it is quite good to exceed US$35 million in one day. Of course, this is pre-tax income.
The expansion of Carrefour Supermarket relies entirely on the huge Japanese market. In addition to the funds consumed by the expansion, the remaining profits of the supermarket are also used to expand and improve the supply chain system. Carrefour has more than 50 related subsidiaries alone.
The whole system is getting bigger and bigger day by day.
CFC restaurants now have more than 6,000 stores around the world. Due to the supply of raw materials, the development in the past few years has begun to slow down, and the profits of the restaurants have also declined a lot. However, the income is still very considerable, but after a few years, the profits will still be
It has rebounded quite a bit.
Zhang Zhonghua looked at the cost analysis in the report and found that the main reason is that labor costs in Europe are too high, there are too many holidays, and taxes are too high. Currently, opening a store in Europe is really not worth the gain.
Homemart convenience stores have become the largest in the world, and they use the profits of many Carrefour supermarkets to buy stores. However, convenience stores sell fast-moving consumer goods, and their profits are much higher than those of Carrefour supermarkets. In the first half of the year, there was one that compared Zhang Zhonghua
Satisfactory results.
Zhang Zhonghua then looked at the financial statements of other companies, and found that the profits were relatively not very high. Throughout the 1960s and 1970s, the retail industry was a period of huge profits. The largest cost expenditure was only employee wages, and there was no high investment in scientific research in the semiconductor industry.
However, semiconductors are the industry of the future, and the profits of the retail industry will continue to decline in the future.
The number of employees under the Jade Emperor Group has also reached close to one million. At the same time, with the continuous increase of Carrefour supermarkets and CFC restaurants, the number of employees may soon exceed the one million mark. In a few decades, millions of employees will not be a dream.
As for Jade Emperor Bank, there are now as many as 3 million depositors around the world, and of course a large part of them are employees of the Yuhuang Group and the Lou Group.
Jade Emperor Bank also lent up to US$2.5 billion to retail companies, providing sufficient ammunition for retail and making a huge contribution to the group's expansion.
"Boss, the publishing houses and software companies in Chou Country have made profits, but the profits are a bit too high, which results in higher taxes to be paid at the end of the year."
Xin Xiaoling walked into the office with the information and said to Zhang Zhonghua.
"Well, the costs of these two companies are too low. They spent a lot of money building their headquarters in Santa Clara last year, and they avoided the country's tax. How much profit did the two companies make in the first half of the year?"
Zhang Zhonghua asked curiously.
"Boss, the publisher's royalties for the three textbooks in the first half of the year were close to US$100 million. The profits of "Three Body" and "Redemption" in the first half of the year were also close to US$30 million. The profits of the software company also reached US$40 million. According to this situation
If this continues, the total profits of the two companies by the end of the year are expected to reach nearly US$400 million.
Because of the Annan War, the country's top marginal personal income tax rate was adjusted from 70% to 77%, and the country's corporate income tax rate was adjusted from 48% to 52.8%. Even if it is offshored, it is difficult to escape.
, the IRS people are not easy to mess with.”
Xin Xiaoling directly reported the answer to Zhang Zhonghua's question, and also reported the country's tax rate.
"Oh my God, this ugly country is too ruthless."
Zhang Zhonghua directly said the quintessence of Chinese culture.
“The Ugly people have been marching every day in recent years not entirely because they don’t want to go to war, but because the increase in tax rates due to war is the real reason.
Moreover, there have been many incidents of tax increases in the U.S. due to the war. During World War I, the U.S.’s war expenditures expanded sharply, and the country switched from issuing bonds to increasing taxes. The top marginal tax rate of personal income tax was adjusted from 7% to 77%;
During Roosevelt's New Deal, in response to the economic crisis, the top marginal tax rate on personal income tax was raised from 25% to 63%;
During World War II, the top marginal personal income tax rate was also raised from 79% to 94%, which was the most cruel;
During the Korean War, the country’s top marginal personal income tax rate was raised from 82% to 92%, and the country’s corporate income tax rate was raised from 38% to 52%.”
Listening to Xin Xiaoling's introduction, Zhang Zhonghua understood that the U.S. often held demonstrations against the war. The anti-war objection was high tax rates. He really didn't pay attention to these situations.
It was only in the 1990s that the Ugly Country achieved world peace, and all tax rates dropped significantly. No wonder the Ugly Country people use various tax avoidance methods, all of which were forced by the Ugly Country government.
Just like Bill Gates promised to donate 95% of his property to the Gates Foundation after his death;
Zuckerberg and his wife Priscilla have pledged to donate 99% of their Facebook stock to charity;
Buffett promised to make a direct donation after his death, leaving only some living expenses to his children.
Do you really think the richest people in ugly countries are so keen on charity?
Of course, it is not as simple as doing charity in an upright manner. To put it bluntly, under the background of the ugly country’s system, donating money to a foundation is the best way to avoid various taxes and inheritance taxes.
In 1916, the U.S. began to impose a general inheritance tax, with the tax rate initially being as high as 40%;
Eight years later, in order to prevent someone from taking advantage of the situation by turning the inheritance into a gift during his or her lifetime, the tax rate was raised to 50%.
In other words, once the richest man in the country leaves all his wealth to his descendants in the form of inheritance, half of all the property will be taken away by the government of the country immediately.
But a situation arises, that is, a company's fixed assets are much higher than its net assets. The money on the books cannot be used to pay inheritance tax. Many wealthy people's family properties other than their shares are simply not enough to pay the tax. If they sell the company's shares,
, which means weakening their control over the company, which they absolutely cannot accept.
At the same time, in the United States, donations are tax-free. If half of the inheritance that was originally supposed to be cut is transferred to the foundation, it can be transferred in small amounts, perfectly avoiding inheritance tax.
Moreover, the internal charter of private foundations in Western countries is completely determined by the founders, and wealthy people who donate can appoint their sons and daughters as foundation presidents.
In this way, the flow of all money is actually still in the hands of the family, and outsiders have no right to interfere. Although it no longer belongs to you in name, it is actually still in your hands.
After the private foundation is established, according to Chinese law, the foundation only needs to use 5% of its assets for charity-related activities every year.
Ugly rich people have dragged all their descendants to work at the foundation and offered them exorbitantly high salaries, including various public relations expenses and daily expenses for food, drink and fun, all of which can be paid for by the foundation.
Of course, this kind of tax evasion is not a complete tax avoidance. If the foundation does not make money, the foundation will go bankrupt in less than 20 years.
Establishing a fund is nothing more than the difference between paying the inheritance tax in one lump sum and paying the inheritance tax in installments. If the company stops moving forward, it will be a matter of time before the company disappears.
Of course, the ugly government is also aware of such an obvious tax evasion and avoidance trick, but the ugly country also has its own calculations.
The Ugly Country is a country of immigrants. If the inheritance taxation of the rich is too heavy, investment and immigration will be greatly reduced, resulting in capital flight. At the same time, it will also be a compromise and concession to the Ugly Country consortium.
The establishment of the foundation will allow these funds to be under the jurisdiction and control of the country, making it difficult to move abroad. The huge wealth accumulated therein will become the economic foundation for national development.
