Chapter 175 Tax avoidance
After some selection, Lin Xiaotian looked at the two young and beautiful assistants in front of him, turned around and spoke to Holly, "Holly, I hope you can help me train them for a while. I really don't have time at the moment."
Faced with Lin Xiaotian's request, Holly nodded, "Mr. Lin, can rest assured that our company has a quick training class, which can be trained for free, and it will take about two weeks." After listening to Holly's words, Lin Xiaotian felt very pleased, "Thank you, but the candidates from the security company must be rushed, I am very anxious here." "Okay, we will be hurrying," Holly answered seriously.
"Girls, you need to go for two weeks of training, study hard, and pay. From now on, you will be employees of the Umbrella Company. Congratulations." Lin Xiaotian generously congratulated the two assistants.
The two girls also hugged each other and cried with joy. Their life path has been opened. They have become senior officials when they first entered the workplace. Following Lin Xiaotian, this Boss, will be an important experience in their life.
"Thank you, Chairman, we will study hard." The two girls kept thanking Lin Xiaotian and Holi, who were really happy.
Holly left with the two girls. They will undergo two weeks of quick training before joining the company and officially became Lin Xiaotian's assistant. Paulson went out to work, and Lin Xiaotian thought of Doyle. This vice president of Citibank, last time Lin Xiaotian came to the United States, Doyle gave a lot of help. This time Lin Xiaotian came over, and he should have made some statements in his mind and reason. He took out his phone book from his bag. The records are all of the more important phone numbers that can directly access the number owner.
"Hello, this is Mr. Doyle's office." A female voice came from the phone. Lin Xiaotian was stunned. Then he understood that this must be Doyle's secretary. Doyle was not there, and the secretary answered the phone.
"Mr. Doyle isn't here?" Lin Xiaotian asked directly
"Mr. Doyle is in a meeting. Is there anything I need to convey to me?" The female secretary's voice was very sweet, which made people feel disgusted.
"After Mr. Doyle's meeting, tell him that Lin Xiaotian has asked him for help. This is my number. Please call me back when he has time." Lin Xiaotian left his name and the phone number in his office.
It was almost noon and it was time to eat, so Lin Xiaotian planned to get off work and find a good place to enjoy lunch. The bodyguard outside the door came in, "Privately, lawyer Harvey and Mr. Joseph are here to see you."
What happened to them when they came here? "Invite them in," said Lin Xiaotian.
When the bodyguard went out, Harvey and Joseph came in together. Lin Xiaotian also left his desk. The three of them sat down on the sofa next to them. The two looked at each other, and Harvey spoke, "Chairman, Joseph and I are about tax matters," said.
Lin Xiaotian was inspired. The United States had a few of the deepest impressions of Lin Xiaotian. Among them, taxes were definitely ranked first. "Chairman, your current industry in the United States is mainly umbrella investment companies and umbrella security companies. These two major parts, the security company is small in scale and has not yet made a profit. This is easy to deal with. The investment company was profitable last year. According to the US tax law, you need to pay a lot of taxes. I discussed with Joseph. One is to open an offshore company abroad to divert and reduce income, and the other is to report consumption for tax reduction and exemption, which can save a lot of money."
Next, Harvey began to explain the tax revenue of the United States to Lin Xiaotian. In short, Lin Xiaotian was dizzy and still couldn't figure it out. Finally, he asked, "According to your algorithm, how much is the tax I have to pay."
"Seventy million, there are discounts." Joseph's face was always stern, including when reporting to Lin Xiaotian.
Lin Xiaotian took a breath and said in silence, "So much". Harvey and Joseph nodded, "I checked it twice." Joseph added a knife expressionlessly, and Lin Xiaotian felt a pain.
"According to your plan, how much can it be reduced?" Lin Xiaotian asked unwillingly
"About 30 million, this is because you are not holding a US passport, but investing in the United States has many preferential policies." Harvey explained the specific amount, but this still made Lin Xiaotian feel very uncomfortable.
"Chairman, the tax refund policies in the United States are different every year, so we need to make adjustments. In order to facilitate adjustments, we need to be like those multinational companies. The company's structure will become very complex. Only in this way can we save a large amount of taxes without paying them." Harvey explained in detail. Lin Xiaotian understood a little at this time, why foreign chairmans hold so few shares. It turns out that there is an explanation here.
"How many offshore companies need to be established?" Lin Xiaotian asked. This offshore company cannot be built. If you don't build it well, you will have to spend more money.
"We need to establish different offshore companies in four different places, cross-holding, and then cross-holding the umbrella company, so that our profits can be greatly diluted and thus achieve comprehensive tax avoidance." Although Joseph's expressionless face, his financial knowledge is not in vain, not to mention that he has been engaged in financial work for many years and is definitely a veteran.
Lin Xiaotian did not make a decision immediately, but was thinking deeply that this matter should be done, but he could not just let them do it. He also had to add a person he could trust. He should not be wary of others. Zhou Wenchao joined in.
"Joseph, my plan is that there are two accounting firms responsible for my global industries. The accounting firm in Hong Kong is responsible for the whole Asian affairs. Joseph, your accounting firm is responsible for Europe and the United States, so it is convenient for the company to be reviewed. I have transferred the person in charge of the Hong Kong accounting firm. You are discussing and come up with a specific plan. It cannot be considered only for the United States, Europe and Asia." Lin Xiaotian was not in vain. Although he did not understand specific financial knowledge, it did not prevent him from checking and balancing. The two major accounting firms were reviewing checks and balancing each other to avoid bad situations.
"The chairman was considerate and should make arrangements for the global nature." Joseph was very clear about this. Large multinational companies did this. It might be difficult at the beginning, but with the gradual establishment and improvement of branches in various places, the ultimate reduction of tax revenue will be quite amazing.
Chapter completed!