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Text Chapter 1541 Some Thoughts

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    When Fairy Company first released DreamPad, Niu Ruzheng once asked Xiao Qi if he wanted to list it in the mainland out of good intentions, but Xiao Qi quickly refused.

    In this day and age, companies that are efficient and profitable will be listed on the mainland unless they are large and medium-sized state-owned enterprises. Others who are somewhat ambitious will choose to be listed overseas, either in Hong Kong or New York.

    Because the reputation of the entire Chinese stock market has never been very good, the only purpose of many companies going public is to make money. As for the operation situation, profit pursuit, etc. after listing, it is absolutely impossible to be careful.

    These are better, after all, they don¡¯t make any money.

    The most hateful thing is that those good companies that make countless amounts of money have never paid dividends to their shareholders. This kind of behavior, which in the United States is subject to heavy fines and heavy fines, is actually commonplace in China, and no one restrains it at all.  and govern them.

    Not to mention that Xiao Qi has never planned to list the core companies of the Fairy Series. Even if Xiao Qi is planning to list the company, do you think that in a stock market like this, can Xiao Qi get listed here?

    The non-listing of a company¡¯s core industries is a common tactic used by many domestic and foreign companies, large and small, especially those owned by wealthy private families. This is their favorite tactic.

    For example, Chow Sang Sang, who invited Li Shaozhi to be the opening guest some time ago, has a Hong Kong stock market value of about 12 billion, but the real estate of many of their stores is not included in the company's assets, but is privately owned by the Zhou family.

    If you add this part of the assets, I believe that the Zhou family, the majority shareholder of Chow Sang Sang, will have no problem entering the top 20 in Hong Kong.

    Another example is that the former richest man in China, Gome Electric Appliances, has at least 300 Gome stores in the capital alone, which are not included in the listed assets of Gome Electric Appliances. And any one of these stores is worth just how much.  Tens of millions.

    The most famous one is naturally the Fok family in Hong Kong. The former richest man in Hong Kong, who is famous as a red businessman, owns more than hundreds of large and small properties in Hong Kong.  But these are also only private properties and are not disclosed to the public. Therefore, the Huo family only has a fortune of more than 30 billion.

    "As a result, when the Huo brothers were fighting for property in 2013, it was revealed that the Huo family actually held more than 67 billion Hong Kong dollars in property. This was not all, because many properties were privately held by the Huo family's wives and children.  Taken together, there is no problem at all for the Huo family to be ranked among the top five in Hong Kong.

    Europe, the United States, Japan, South Korea, and Hong Kong are all the same. They keep core assets from being listed. This generally has only one purpose, which is to avoid reasonable taxes and avoid government and institutional supervision.

    They usually appear in the form of foundations. For example, Li Chaoren's has a "Li Family Foundation" in it, and the Huo family also has a "Huo Xingye Hall".  Gang Leader Qiao also has his own private trust fund, Bill Gates children's shoes, Mr. Buffettetc., etc., all do this, so that every time a member of the family changes, there is no need to consider the inheritance tax that is so expensive that it makes people want to cry.  Continue to maintain and develop the family business.

    Do you understand?

    As long as your property is in the form of a foundation and is not in the name of a specific person, then it is an operating company and is not considered private property.  Then you can reasonably avoid various taxes, surveillance, etc.

    There is no doubt that Xiao Qi did the same.

    Offshore companies from the beginning.  As for the "Xiao Family Fund" that has been planned now, as well as the private property for the wives in each house, they are all working hard in this direction.

    Of course, China has not yet levied an inheritance tax. Xiao Qi¡¯s main purpose is actually to prevent future generations from ruining their fortunes and to allow them to enjoy the wealth they have created for as long as possible.

    As for business activities in the United States, Europe, Japan and South Korea, etc.  Xiao Qina is doing everything possible to "legally avoid taxes." The high accounting firm fees and Mario Law Firm fees, which exceed hundreds of millions of dollars every year, are all to ensure that he pays as little tax as possible - leaving it to these foreigners,  Xiao Qi was very reluctant.

    But in domestic business activities, Xiao Qi has never engaged in this kind of "legal tax avoidance".  On the contrary, many preferential policies are avoided.

    For example, Fairy Company enjoys 10% of Dreampad¡¯s total profits, but among Dreampad¡¯s several holding companies, not to mention Xiao Qi¡¯s offshore company in the International Financial District, simply based on the shares of Virgin Group, LVMH Group,  Green Pine Capital, Samsung and Ellison's personal purchase can be regarded as a 100% joint venture.

    It stands to reason that the joint venture company has many preferential policies, including tax exemptions and reductions in various costs of electricity, water and gas, etc. When accumulated, it is a considerable expense.

      But when Jingxuan asked Xiao Qi, except for the enjoyment policy within a reasonable range, Xiao Qi refused the rest without even thinking.

    Fairy Company doesn¡¯t need to take advantage of these aspects at all.

    Some people, even people in the company, have said, "Little boss, you are stupid. Other companies are not joint ventures. They have to find a foreign bum to name them in order to get discounts. We are a legitimate joint venture company."  Why don't you take advantage of it?

    Xiao Qi did not answer them, but in a conversation with Yu Shanshan, he still revealed his true considerations.

    "If a country's companies are always proud to evade their responsibilities and take advantage of the country, then what cohesion does this country have? When have you ever seen Coca-Cola evade taxes in the United States? When have you ever seen Microsoft evade taxes in the United States?  Tax evasion in the United States? The taxes in Germany and France are terrifyingly high, but have their companies moved out of their home countries in large numbers?

    This country does not belong to any one person, nor to others, but to ourselves.  Although it now has various faults and defects, it is undeniable that we are moving towards a better life step by step.  If we ourselves do not contribute to the development of the country, how can the country develop?  Does the state have to be forced to get all kinds of funds to improve people's livelihood and promote economic development from real estate?

    If we all can operate normally and pay taxes normally, then maybe the national and local governments will have money, and they will reduce their dependence on land finance, thereby lowering housing prices and reducing everyone's burden.  Although this idea may not be realistic, as long as I have this hope, I will work hard in this regard.  "(To be continued)
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