Valley Ranch is completely privately owned by Chen Mo. There are some documents issued by the local government, as well as the ranch's finances, many of which must be signed by Chen Mo himself...
Among them, the most tedious documents are those from the livestock farm. To register the identity of cattle and sheep, you have to be careful when signing.
Then you have to consider the issue of tax avoidance.
Normal people will consider the issue of tax avoidance. After all, money does not come with strong winds.
Chen Mo currently has more than 2.1 billion in his account. It seems easy to make this money...but the pressure he endures during this period will not be fully understood unless he has been in that environment.
Ellie has lost more than ten kilograms in the past few months. She was not heavy to begin with, but now she is over eighty kilograms. Chen Mo has also lost a lot of weight...especially because of his inner suffering, which caused him to suffer from insomnia countless times at night.
…
"Oh, God... why do you have so much money?" At Wells Fargo, Chen Mo opened his personal account through an encrypted computer. Cohen carefully counted the 12-digit deposits on both sides, and his scalp suddenly became numb.
Now Cohen is already a senior executive at Wells Fargo, and he has come into contact with a lot of rich people. It is not that he has never had contact with 12-digit accounts, but this is the first time he has seen a 12-digit private account, and this person is still
His old friend...
"How did the money in the account come from?" Cohen's scalp was numb.
Cohen is a bank manager, but he does not have the authority to inquire into customer accounts.
Chen Mo found Cohen and asked Cohen to help him develop a tax avoidance strategy so that the taxes paid this year... would not exceed 1 million in personal taxes and no more than 5 million in ranch taxes. Cohen first needed to understand the origin of the money...
"London gold. All the money I borrowed from my previous loan was used to speculate in gold. For this 2.1 billion, I have kept the origin of all income certificates..." Chen Mo took out the USB flash drive.
Cohen called an accounting team, asked them to sign a confidentiality agreement, and then made an account to Chen Mo.
After the source of the funds was confirmed, Cohen waved the staff away: "Oh my god, you are robbing money, even more ruthless than robbing money. It turns out that you have been in the market since May..."
Cohen is engaged in finance and has become a senior executive of Wells Fargo. Judging from the capital trends just now, Chen Mo and others entered the market in May, and then they were bullish on gold... But there was a big twist in the middle. The Federal Reserve suddenly announced an interest rate increase, which led to gold
Prices plummeted.
Chen Mo smiled...
Cohen pinched his temples, thinking about the flow of funds in and out of the gold spot account he just saw...
"Genius." After a while, Cohen let out a long breath: "Is your little genius girlfriend in charge of the operation?"
Chen Mo shrugged: "Yeah."
"Although there are big flaws in the capital operation." Cohen combined the economic trend during that period and the internal information of their bank: "But... your girlfriend has perfect control over the general direction. She is indeed a genius. And
Courage and guts, and greed...it's amazing."
"Stop talking about this, I'm here to ask you to help me avoid taxes."
"Tax avoidance is very simple, just use the tax avoidance ball trick. Can you let your girlfriend come to the bank to work for me for a while? The current financial crisis contains huge business opportunities, I think..."
"Don't think about it." Chen Mo has a headache. He has 2.1 billion. Chen Mo has no interest in money. This market does contain great business opportunities. So what, I'm not interested anymore. Okay: "Ai Li is not out to work.
Plan to come up with a tax avoidance plan for me quickly..."
"Okay, okay. It's actually very simple to avoid taxes. The first is the tax avoidance trick. Purchase money into stock options. When you need money, you mortgage these stock options to banks for loans. The main purpose is to avoid capital gains tax.
.You can do this yourself, or you can leave it to our bank. If you do it yourself, you may make a profit or lose money. Our bank has cooperated with Chase Bank and can open a private bank account to manage your finances..."
"Are there any risks? What are the benefits?" Chen Mo said.
"It depends on the funds you invest and the contract you are willing to sign with our bank. By the way, the starting point for opening a private bank is US$10 million...the contract you are willing to sign..." Cohen said and left the VIP room and went out for a few minutes.
I took out a bunch of information within minutes...
The higher the risk, the higher the return.
The lower the risk, the lower the return.
There is no risk... As long as the bank does not go bankrupt, there is no risk. It is equivalent to a long-term fixed deposit, but the contract content is not a deposit, but an investment fund business with a fixed rate of return.
As long as the bank does not go bankrupt, the investment is stable.
The 'tax avoidance ball trick' is to kick the 'earned money' around like a rubber ball. This is a common tax avoidance trick used by big business owners. Banks also provide similar services, which are used to purchase an 'absolutely' safe product, and in
This money cannot be withdrawn within the specified period, but when you need money, you can use the purchased 'product' to mortgage the same amount of money in the bank...
But the income from the product is definitely not as high as the interest rate from the loan.
"This business is good. But the interest rate is too low." Chen Mo frowned when he saw that the annual income was only a fixed 3.1%.
"This is a small household. The main purpose of this business is to avoid taxes for high-income groups."
The yield of 3.1% is only a little higher than the yield of U.S. Treasury bonds.
With a flattering smile, Cohen ordered a cigar for Chen Mo, took out a lighter and helped Chen Mo light it: "You are a big investor. If the investment reaches 100 million, the annual income can be 3.3% for you. If you invest 2
100 million, 3.4%... stacked up one after another, at most, it can give you an annual income of 5%. This is equivalent to a disguised deposit, and it can't be lower than the loan interest."
really……
Chen Mo has good credit in the bank and personal assets...
Last year, the U.S. economy was good. Chen Mo took out a personal credit loan. Although the amount was not large, the interest he could get was 5.6%. This was under the premise that Chen Mo did not have any bank loans... His personal credit had been used up.
, Chen Mo needs asset mortgage when looking for a bank loan. Depending on the mortgage items and the loan amount, the minimum is 6.0%.
During the financial crisis, for example, when Chen Mo borrowed money recently, the interest rate was 8.3%.
The same is true when looking for a bank loan. The higher the risk, the higher the interest rate, and this is only if there is asset collateral.
"Interest is paid annually, monthly, or daily?" Chen Mo asked, touching his chin, thinking.
"It depends on your personal wishes. The interest can be paid to you yearly, monthly, or daily... But you need to know that the money for purchasing the 'product' is frozen, and you cannot withdraw it before the deadline."
This money cannot be used. If you need a large amount of funds, you can only borrow money from the bank... The loan interest, calculated based on the real-time high-quality large customer loan interest, should be around 6%. You purchase the 'product'
The main purpose is to avoid taxes...",
First of all, know one thing: tax avoidance is legal.
Tax evasion is illegal.
Tax avoidance does not mean not paying taxes. Strictly speaking, this method is just taking advantage of loopholes in the rules to delay tax payment...As for whether you need to pay taxes in the end...it is fun to delay it for a while, and it is always fun to delay it.
The bank will make clear arrangements for how to operate it...