MTL - Reborn Capital Empire-Chapter 34 2nd Gold Mine
Chapter 34 The Second Gold Mine
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The establishment of the 'Guo's Charity Foundation' was Guo Shouyun's strategy before going to the UK. Tax avoidance is only one aspect, and the other is the need to integrate into American society.
The rationale for tax avoidance is simple. In the United States, private charitable foundations only need to pay 1-2% of the federal tax, and 5% of their annual net income is invested in charity, and they do not need to pay or spend any funds. If Guo Shouyun wants to hand over the charitable fund to his next generation, he does not need to pay high inheritance tax and gift tax.
Of course, private charitable funds can avoid taxes, but that doesn't mean you can use them without scruples. According to the U.S. Constitution and the well-known principle that "if you want to avoid tax, you must make every part of the tax avoidance assets clearly and verifiable", donations, income, and expenditures of charitable funds must be clearly verifiable, and publicized to allow the public to Supervision. Therefore, those who use the money of charitable funds to buy luxury cars, yachts, live in luxury villas, and be happy with Hollywood actresses, and at the same time avoid paying taxes.
In addition, in the United States, many millionaires and wealthy people are happy to donate the money they have earned throughout their lives to charities for social good. In America, philanthropy is a culture. Many Americans believe that people in the world are stewards to manage the wealth entrusted to them by God. They are not the real owners of wealth, and they cannot bring it with life or death. Many wealthy Americans agree with Carnegie: "It's a disgrace that a man dies with a fortune."
Lambert, a famous American economic commentator, said: "In the United States, you can have a lot of money, but you have to give something back, and someone has to notice, otherwise you will never become a real big man. In the United States, people do not Adore the rich, but admire the rich who give back to society.”
Regardless of how many truths there are in these statements and moral standards, how many have to be done in order to avoid high inheritance and gift taxes. In conclusion, for nearly a century, American society has developed a culture of charitable giving.
If Guo Shouyun wants to develop and expand his career in the United States, he must integrate into this culture. That's how everyone plays, you can't make yourself look too unique.
In the end, only 'private charitable funds' can give him more control over funds under the existing conditions. As for ownership, in the case of permanent use of dominance, ownership becomes less important.
After reading the entire document carefully, Guo Shouyun nodded.
"George, I want to ask you a question. If it is an overseas company or institution that donates to a non-profit charitable organization in the United States, does it not have to comply with the Federal Constitution's 10% income tax credit for the operating income of the profit-making organization?"
"certainly!"
"I have no problem. Thank you for your hard work during this time, go back and rest!" Guo Shouyun nodded and smiled.
George Davis nodded, turned and walked out.
After the office was quiet again, Guo Shouyun leaned back on the chair and thought for a while, then opened Phoenix Capital's account in Swiss Bank, and transferred $5 million of the $345 million to the account of the "Guo's Charity Fund" in Wells Fargo. This turn is like a donation!
He set up the 'Guo's Charity Fund', which is mostly out of consideration for tax avoidance of his own income in the United States in the future. As for the gambling, it belongs to foreign income. He is not stupid, how could he take the initiative to transfer into the domestic account in the United States and let the tax bureau exploit him? Anyway, Uncle Sam is still turning a blind eye to UBS. After 14 years of raising the butcher's knife, his gray income will have been washed away.
Guo Shouyun originally wanted to transfer $80 million into Google's account and put 40% of Google's equity in his pocket, but he stopped after thinking about it.
"Anyway, there's still a month left. When Kleiner Perkins and Sequoia Capital get it done, it's not too late to transfer! If there is no money, Sergey Brin and Larry Page can stay calm. ."
After playing two future collaborators with the greatest malicious speculation, Guo Shouyun turned off the computer.
"Jingle Bell…!"
Hearing the phone ringing, Guo Shouyun glanced at the caller ID and pressed the answer button.
"Hey, Bruce, have you gotten off the plane?" Christopher Ritter's voice came clearly from the phone.
"Just got off! How about you, still in London?"
"Well, I'll go back the day after tomorrow! By the way, the publication of your three sets of books has been arranged now. It will be officially released in three days."
Guo Shouyun's heart beat a little, and his breathing was a little short.
Although his income in the football lottery is huge, it is only a one-off deal, once or twice a year. In contrast, writing is the real trickle. And with the accumulation of his works, it will become more and more rich.
A set of "Fifty Shades of Grey" makes a middle-aged James worth over 100 million in less than two years. A set of "Harry Potter" turned single mother Rowling into a billionaire sister. In the United States, best-selling authors earn ten times more than their Chinese counterparts. Guo Shouyun, who has hundreds of best-selling novels and movie outlines in his head, sees writing as the second biggest gold mine after gambling!
After calming down a little bit of excitement, "How many copies were printed? How to promote it? How much is each set?"
"The Pirates of the Caribbean trilogy was priced at $45 and 300,000 copies were printed; the Fifty Shades of Grey trilogy was priced at $48 and 50,000 copies were temporarily printed; Fantastic Beasts: Hate in New York was priced at 20 Dollars, 1 million copies printed! Oh, by the way, your "National Treasure Declaration of Independence" is still in the design of the board, and it will be delayed for a week for publication!"
"...As for the marketing strategy, we plan to launch Fantastic Beasts: The Hate of New York first with the prequel of "Harry Potter", so as to arouse more curiosity and purchase desire among readers. In addition, Rowling also Promised to promote you on her blog. Plus the quality of the book itself makes it easy to raise your profile. When you have enough visibility, Pirates of the Caribbean and Fifty Shades of Grey ", will naturally attract more readers' attention."
Guo Shouyun nodded, Christopher's marketing strategy idea is correct, which can also save a lot of promotion costs. However, as can be seen from the number of prints of the three sets of books, he still has little confidence in the sales market of "Fifty Shades of Grey". If it weren't for the fact that Guo Shouyun is the major shareholder of Jingyu Bird Publishing Company, and the quality of several other works is very high, I am afraid that "Fifty Shades of Grey" will not even have a printing volume of 50,000 sets.
"Forget it, let the market prove everything!" Guo Shouyun shook his head in his heart and gave up the idea of lobbying Christopher to print "Fifty Shades of Grey".
"I see! The publication will be handed over to you. If there is good news, please notify me."
"Do not worry!"
"Then first, I'm hanging up!"
After putting down the phone and turning on the computer, he entered his Yahoo mailbox, added Chen Zhen's mailbox, and sent an email. Then he opened Molly Bevan's mailbox and sent an ambiguous email! Guo Shouyun thought of Zhang Yi's anger and affection, and he was somewhat looking forward to the other party's reaction after seeing this email. However, falling in love is not what he should think about most now.
"Almost forgot about this eldest lady!"
He quickly turned on the computer, entered the account of 'Phoenix Capital', took out 20 million US dollars from it, and transferred it to the account of 'Guo's Agricultural Company'.
"Jingle Bell…!"
Not long after, the ringtone of UU Reading www.uukanshu.com rang again. Guo Shouyun didn't need to look to know who it was.
"Hey, Bruce, I just received a text message from the bank that an institution called 'Phoenix Capital' transferred $20 million to our company account!" Katherine Lincoln's voice was full of anger.
"I know, that's my turn!"
"When did you have a company called 'Phoenix Capital' under your name? Why haven't you mentioned it before?"
"Catherine, since you went to Harvard, we haven't seen each other for a long time. It's normal for you not to know about me!"
"Bruce, don't try to prevaricate me. It's been less than half a year since the last Christmas, and you've made 20 million in half a year? ... Wait, aren't you...?" Catherine's tone showed concern and suspicion.
"I know what you want to say. Don't worry, there's no problem with the money coming in. Forget it, I can't explain a sentence or two right now. I'll explain it to you face to face when I get a chance...!" Guo Shouyun interrupted quickly.
However, before he finished speaking, he was interrupted by Catherine again.
"I also want to hear from you in person. At seven o'clock tonight, the 'CrabHouse' restaurant in Fisherman's Wharf in San Francisco, you have a treat! Don't be late! ... Dudu!"
Listening to the blind tone in the phone's microphone, Guo Shouyun couldn't help but smile bitterly.
"This fierce girl! After so many years, this domineering temper has not changed!"
Shaking his head slightly, he put down his phone and checked the time. There are still four and a half hours before the appointment with Catherine. Guo Shouyun, who slept well in the first-class cabin last night, didn't feel tired at all even though he had been on the plane for most of the day.
With nothing to do, he turned on the computer and continued to complete "Smart: Ghost Recording", which he had already written halfway through!
