Chapter 121 15.5 billion

(I’m sorry, I’m going to die after going out for a flip and coming again! Properly, that is an addition of 172 votes)

…

An Feng shrugged: “I wish to too, however how can I simply change it?”

He’s presently holding a inexperienced card in america and has lived in america for one yr. In accordance with the naturalization situations, he can apply for naturalization after 5 years of residing in america. If he marries an American, it solely takes three years. However Joanna is British. So it’s important to wait no less than 4 years to get a passport.

To be trustworthy, it’s not essentially a very good factor to have an American passport within the arms of the wealthy, as a result of america implements overbearing world taxation. The tax regulation stipulates that Americans and inexperienced card holders whose abroad property exceed US$50,000 should in truth declare to the IRS. In any other case, you might face a high-quality of $10,000.

It might not have an effect on abnormal folks, however will probably be extra troublesome for wealthy folks. Abroad enterprise revenue have to be taxed within the nation the place it’s situated, after which taxed to the US authorities, double charged! And due to the US authorities’s requirement to trace down tax evasion, Swiss banks don’t prefer to open accounts for People in recent times.

After listening to An Feng’s criticism, Joanna had her personal approach: “I can not do something to get an American passport, however it’s not unimaginable for different nations.”

An Feng stated: “My request is conditional. It’s the type of passport that has visa-free or visa-on-arrival agreements with European and American nations. Each journey within the province requires a visa.”

Joanna smiled and stated: “Take heed to me slowly, the Commonwealth of Nations has a member state: St. Kitts and Nevis. It has visa-free visa-on-arrival agreements for greater than 130 nations, and European and American nations are mainly visa-free. The nation’s immigration necessities are quite simple, investing lots of of hundreds of {dollars}, 100% authorized naturalization, and the typical processing time is about 4 months. If you’re a wealthy man, it would positively be sooner in the event you give extra money.”

Wang Le additionally heard what Joanna stated, and was shocked: “It means which you could get a passport and develop into a citizen in 4 months, as a substitute of a inexperienced card or one thing?”

Joanna nodded: “In fact it’s a citizen passport. And the nation’s tax system is unfastened, which has a really large profit: no private tax, no inheritance tax.”

An Feng’s eyes lighted up. It appeared like a very good deal to spend lots of of hundreds of {dollars} to change for a visa-free passport from European and American nations… Furthermore, it doesn’t levy private tax and inheritance tax. It occurs to be essentially the most horrible factor. The non-public tax in america reaches 35%, and the inheritance tax is 40% this yr.

The inheritance tax is just too far-off. What An Feng values ​​is a tax. Offshore firms keep away from taxes and costs. In the event that they wish to switch to an account in america, they are going to face the evaluation of the Federal Taxation Bureau. If it’s the nation Joanna talked about, immediately It’s authorized to switch, anyway, they don’t have the idea of non-public revenue tax.

Greater than 130 nations have visa-free visa-on-arrival. There isn’t a private tax or inheritance tax. You will get a passport in 4 months. Furthermore, there isn’t a immigration jail within the nation. It’s no drawback not to return after taking the passport for just a few years. Anyway, it’s a report. Authorized residents of report, the federal government would not care the place you’re, they solely acknowledge cash.

An Feng was moved.

To be trustworthy, he would not care which nation’s passport he takes, and the nationwide coronary heart can’t be modified by a passport, however for a wealthy man who desires to journey all around the world, the passport in his hand is a bit… laborious to take out. In fact, the US passport is extra highly effective, however it can’t be taken instantly, and the tax is strict.

(In reality, American passports will not be essentially good, as a result of there are too many People, and there can be rejections when passing customs. The so-called visa-free is only a ornament…)

However this concept remains to be an indication, and it’s not one thing that may be executed instantly. He must get the visa for the European journey first. Take some time to go to the interview and reply the questions of the visa officer… After staying in Los Angeles for just a few days, after efficiently acquiring the Schengen visa and the UK visa, I went again to pack my luggage.

The time got here to mid-August, and he heard that the corn in some areas had been harvested forward of schedule. He took the time to examine the data on the Web. With out exception, all of the corn harvested prematurely used Tailan’s tremendous fertilizer, and the grains have been full and huge. It’s candy and has a excessive gross sales quantity, and has been nicely acquired available in the market.

“This could improve a variety of negotiating leverage.” An Feng stated to himself, simply at this second the telephone rang, and it was John’s.

“Hello, John!” An Feng stated.

“Mr. An, the results of the negotiation has come out.” John reported the excellent news.

An Feng requested: “How a lot?”

“Divided into two elements, 10% was offered to the Hexcel Group for 1 billion US {dollars}, and the opposite 60% reached an settlement with American Mosaic Company and Hexcel Funding, and loved 15% of the gross sales of patented fertilizers for five years. The transaction value 14.5 billion U.S. {dollars}. 70% of your shares are exchanged for a complete of 15.5 billion U.S. {dollars}.”

“Say it once more, how a lot?” An Feng requested once more.

“$15.5 billion, plus a 15% share of the online revenue from fertilizer gross sales, for 5 years. In accordance with the projected worth, 15% of the five-year web revenue might attain $6-9 billion, so the overall value is anticipated to be 215 Greater than 100 million U.S. {dollars}.” John stated with a smile, he might perceive An Feng’s temper.

“Good-job!” An Feng shouted, “Stunning job! Thanks on your laborious work, John! Your bonus can be indispensable while you come again!”

Listening to An Feng’s yelling, Joanna, who was studying the right way to make Chinese language tea, rushed over. Seeing his look, she requested worriedly, “Honey, are you okay?”

An Feng threw away the telephone, excitedly hugged her in his arms and kissed her fiercely, rotated just a few instances, and stated excitedly: “In fact it is okay, not solely it is okay, but in addition very comfortable!”

Joanna clearly did not know what was happening, however was nonetheless comfortable for him: “Congratulations!”

“Should.” An Feng let go of her and held her by the shoulders: “Bear in mind the final time I talked concerning the problem of Tailan’s share switch? Now the result’s out, the transaction is 15.5 billion US {dollars}, excluding the 300 million paid to Sinclair. % remuneration, the cash you will get is no less than 10.8 billion! Your husband is superb, proper?”

“Oh! My God!” Joanna opened her mouth and whispered. This quantity is unattainable for abnormal folks in a lifetime. Even she felt her coronary heart beating sooner. “Congratulations! I am sorry, I can not consider the right way to describe it now. However you’re completely one of the best on the earth!”

“Congratulations!” An Feng corrected, “You’re my spouse and can by no means change.”

“I am touched by you saying that.” Joanna stated sincerely, she put her arms round An Feng’s neck, they kissed one another, congratulated, and calmed down slowly.

An Feng rubbed his smiling face: “Settle down, it is just a bit cash.”

Joanna rubbed his face for him: “You have been simply operating across the room like a baby!”

“The primary time, it is inevitable.” An Feng smiled, “I am nonetheless in debt of greater than 100 million yuan, and it feels nice to have the ability to pay it off in a single go!”

None of them slept that evening.

However An Feng discovered calmness from Joanna. Even within the face of an enormous sum of cash, a very good schooling allowed Joanna to get better from the thrill the quickest and guided An Feng’s feelings. They did not focus on cash, however some easy and delightful issues, future journey plans, future youngsters, a heat household… After speaking all evening, their mentality has recovered from the large shock.

On the third day, when An Feng attended the assembly, he introduced his spouse with him the entire time. He thanked this well-educated girl, with out her, he could be only a nouveau riche with no style, his head was dazzled by cash, and he wouldn’t have discovered the state of being an actual wealthy man who lives indifferently and has a secure thoughts.

The 2 of them have been dressed formally, An Feng was naturally carrying a severe go well with and leather-based footwear, whereas Joanna was carrying a morning costume, a costume barely beneath the knee, in a light-weight beige tone, and a round-brimmed hat of the identical shade. Luxurious jewellery. She is of course majestic and crowd pleasing.

An Feng felt that even when she was visiting as the top of state’s spouse, she could be dressed appropriately… In a sure star lodge, the 2 events to the negotiation gathered collectively, and the lads have been all in fits and leather-based footwear, whereas the ladies have been additionally unified, which was very formal Costume up as if for a excessive society reception.

Legal professionals and accountants are checking the phrases of the contract one after the other, and the remainder of the businessmen greet one another and have fun the success of the negotiation. An Feng and his spouse shook arms and chatted with every associate calmly. Particularly, Joanna’s beneficiant efficiency received everybody’s admiration.

This type of large-scale transaction could be very time-consuming. An Feng mentioned some particulars along with his assistant John, the accountant Hardy. The Hexcel Group paid 1 billion immediately, however the $14.5 billion was paid in 5 years, as a result of it was unimaginable for Legg Mason and Hexcel to pay a lot cash abruptly, and since there weren’t sufficient accounts on the floor, among the cash It was paid secretly. Subsequently, two forms of contracts have been ready at present. Along with the formal one, there may be one other abroad settlement.

John defined: “In accordance with the five-year fee phrases, now they must provide you with 2.9 billion US {dollars}, however the firm can solely use as much as 2.5 billion within the account, they usually plan to make use of the opposite a part of the cash to commerce within the account of the offshore firm. The above is 1.8 billion in US accounts and 1.1 billion in offshore accounts.”

An Feng is aware of that giant firms have their very own offshore firms. The cash within the account is usually attributable to abroad enterprise or funding and won’t be transferred to China. This fee technique is authorized exterior the nation (america), however it’s only allowed to After the IRS is aware of, they are going to wish to kill these huge tax avoiders.

An Feng stated: “That’s to say, the Hexcel Group’s 1 billion can be immediately divided into 37, and the opposite installments can be paid to my US account of 1.26 billion US {dollars}, whereas the offshore firm’s account is 770 million?”

Each John and Hardy nodded: “Sure, you possibly can keep away from the 770 million private taxes, however the 1.26 billion must be spent shortly.”

A tax yr is on December 31, and it’s not over but. The person tax is calculated in keeping with the “income-expenditure-deduction” and the remaining taxable revenue. If An Feng did not spend a penny, he must pay 12.6 x 35% of non-public tax by the top of the yr, which is 441 million US {dollars}.

Practically 450 million in taxes, which is solely homicide, but when he spends all of it, he will not must pay a penny.

There may be not a lot time, and it’s now near September, and there are greater than 4 months left. His aim is to spend the billions of {dollars} in revenue as a lot as doable.

In fact, the 770 million he acquired in his offshore account has efficiently averted private tax assortment, and it’s not low. Practically 270 million US {dollars} of non-public tax have been exempted, however that cash clearly can’t be utilized in america. If you wish to use it, one is to pay taxes, and the opposite is to launder cash, however each strategies will swallow some huge cash.

Going round, the place is there no want to gather a tax?

An Feng returned to Joanna, who was exchanging emotions with the women and women, and took her hand to depart the gang. He stated: “If you wish to spend cash to be comfortable, I suppose you possibly can solely transfer your nationality to a rustic that doesn’t cost particular person taxes.” In any other case, greater than 200 million yuan a yr, and a couple of billion yuan in 5 years can solely be given to the bald eagle.”

(finish of this chapter)