The video conference ended in a cheerful atmosphere of a group of subordinates. After all, it was a lot of money. After a busy year, I finally had a rich Christmas.

The key is that the big boss is generous enough. Of course, Andy is not really that generous. However, unless he wants the IUA to take advantage of it, it is better to use the money that should have paid taxes to buy his loyalty.

Reasonable and legal tax avoidance is a means of operation of a company and a postgraduate entrance examination for accounting personnel of a company.

In fact, Andy is doing quite decent in tax avoidance. At least after reasonable tax avoidance, he will pay some of the taxes evenly after all the various book debts.

Although he can do nothing to pay a legal penny, the public has a sharp eye after all, and with his reputation, if he really doesn't pay a penny of tax, it will really become his biggest moral dark spot.

Speaking of tax avoidance, Andy had to admire Starbucks from the bottom of his heart. The scale of tax avoidance and tax avoidance methods were so cruel that it was crazy.

Since its opening in the UK in 1998, Starbucks has opened more than 700 branches in the UK. Its financial staff used legal tax avoidance strategies to earn more than 2 billion pounds of sales revenue but only paid more than 4 million pounds of income tax to the UK tax department.

That's it. Starbucks also complained that the British tax authorities do not allow deductions and deductions, but compared with the 30% tax rate of the UK's statutory corporate income tax, it can be said that Starbucks' taxes and fees are almost no longer low.

In Olin Smith's words, "Financial reports in the UK have always been losses and no income tax is required. In order to gain the trust of investors, we just need to declare to the outside world that our business in the UK is profitable and tell investors that sales are growing.

Although it is inconsistent with the financial reports in the UK, there is no evidence that we have violated relevant laws in the UK and are completely reasonable and legal. We have always been abide by the rules and good taxpayers..."

Such a grand and sarcastic word, shameless, I will ask you if you agree!

Andy, who was feeling emotion, was brought back to reality by the video window that suddenly lit up on the computer monitor, and Alvetre's image appeared alone in the video window.

"Tell me, what happened?"

Andy frowned slightly and looked at Alvetre in the video connection, frowned slightly. Since Al wanted to report to himself alone, I believe it would not be a good thing.

Sure enough, as Andy guessed, it was really a bad thing.

"Boss, I just received the news that the Associated Press is preparing to report a topic on investigating funds and expenditures in the financial industry. They visited 21 banks that received more than $1 billion in government assistance and asked 4 questions. How much has been spent? Where is it spent? How much is left? How much is spent? As a result, no bank gave a clear answer.

This also includes the boss’s Yingtai Bank.”

"What's going on? Didn't I say that I should keep a detailed record of the basic accounts and flows of this aid fund?"

Andy frowned. He knew very well that the US Congress would set up a subprime mortgage crisis investigation committee after the financial crisis, which was very meaningful to settle accounts after the fall. Therefore, he had been on guard very early. Almost all the dealings with the Treasury and the Federal Reserve left detailed information and evidence.

You should know that since the government issued a large rescue order of $700 billion to the financial industry, many people want to know where the aided banks used their taxpayers' money and how to use it.

"The problem is that we have not used this money and have been using it as Yingtai Bank's reserve fund..." Alvetre's lips curled slightly, but he looked amused and crying.

"Ahem... OK, this is really impossible to announce to the public." Andy also smiled awkwardly.

You should know that the US government has issued a $700 billion financial rescue plan, hoping to inject funds into banks through the government's purchase of stocks and other methods to stimulate bank lending and increase market flow.

To this end, Congress even summoned executives of major banks to Capitol Hill, hoping that these banks would actively borrow instead of storing the money in their hands or using it for mergers and acquisitions or even giving benefits to executives.

However, at present, major banks seem to be indifferent. The Ministry of Finance, which is responsible for allocating money, has never asked about the flow of funds.

"What does the Ministry of Finance mean?" Andy asked with a frown slightly. In fact, there is nothing we can do about it. The bank bankruptcy wave has never stopped. No one dared to borrow the funds in his hands easily. Not only did they raise the borrowing threshold, but they even wanted to live through the cold winter with cash. No one wanted to fall in the darkness before dawn and be eaten by other forces that stood up.

"Paulson said they will monitor the use of funds. This morning I received a call from Stephen Nubby, who received a call from Elizabeth Warren, a member of the Financial Aid Program Supervision Group, and Yingtai Bank must explain the use of funds within the required time."

"Haha, what am I saying? These guys really turn against each other. They give them what they want, and don't think about going back. I want to use this money to annex those bankrupt small and medium-sized banks, so that Yingtaixun can quickly extend its tentacles to the whole United States."

Andy sneered repeatedly. To put it bluntly, this is Washington's curbing Paulson's rescue plan, the outgoing Treasury Secretary. You must know that Paulson still holds $360 billion in his hand for the 700 billion US dollars in rescue funds. There are too many people staring at this piece of fat.

The two parties, Congress, President-elect O'Hainiu, the new cabinet, and the successor to the Finance Minister... Haha, why is Paulson trying hard to reduce his presence and holds the money in his hand tightly and does not use it? That's because he knows that as long as he dares to spend money without any consequences, he, who is not very clean, will face attacks from all forces. The so-called immunity may not be protected by him at that time!

However, Paulson should be content. In a year, he spent $340 billion, and he was completely at the level of dying if he was addicted!

As for how much he has made, no one knows, and no one can explain it clearly. With the right to exemption, who can explain the accounts of the market rescue funds!

As a vested stakeholder, Andy doesn’t want Paulson to have problems. If someone really wants to bring up old accounts and cause trouble, he has to stand in the same camp with Paulson and find a way to cut off his stretched claws!

In a subprime mortgage crisis, vested interest groups tied together, including chaebols such as Chase, Mellon, Citi, and dozens of banks and investment banks, will only come to stab this hornet's nest unless someone wants to commit suicide!

"The outbreak of the financial crisis and its lag period, the trend of large-scale banking in the U.S. banking industry has begun to appear, and according to data analysis, it is expected to reach its highest from the third quarter of 2009 to the third quarter of 2010.

Since November last year, most of the 202 banks that went bankrupt during this financial crisis were small and medium-sized banks with assets of less than US$1 billion, accounting for 81.84% of the total bankruptcy, of which 40 banks with assets of less than US$100 million account for 19.90% of the total bankruptcy; on the contrary, there are only 10 large banks with assets of more than US$10 billion, accounting for 4.98%, and 6 have been rescued by the government."

Alvetre quickly read the contents of a document in his hand to Andy.

"What does fdi (deposit insurance company) mean?" Andy is most concerned about this company that has the right to decide these bankrupt banks. If you want to take advantage of the money, fdi will definitely not be able to avoid it.

"Acquisition and acceptance are the main ways for FDI to deal with these small and medium-sized banks, and the two ways of operating and rescuing depositors are probably not qualified." Alvetle said the truth.
Chapter completed!