America's Road to Fame

Chapter 295 Solutions
After William Chen mobilized various influences and worked hard, he finally reached a series of agreements with the US government on his purchase of Palu Island.

For this matter, he specially participated in a congressional inquiry meeting about this time.

The contents mainly include:
1. Chen William will continue to retain American citizenship, and will use the offshore fund - Atlanta Fund as the main body of the acquisition of Palu.

2. In order to support the construction of the Atlanta Island Autonomous Territory (formerly Palu Island), the funds injected into the Atlanta Fund for the construction of Atlanta Island will enjoy the same tax exemption policy as charitable foundations within 10 years.

3. By mortgaging part of the shares of the Meta Group, William Chen obtained a loan of US$50 billion from a bank syndicate consisting of five banks including Morgan Stanley, Bank of America, Wells Fargo, Citigroup and Goldman Sachs, and injected it into the Atlanta Fund for the investment in Pasadena. Lu conducts acquisitions and subsequent construction.

4. Chen William donated all the assets held by individuals including the Meta Group, whose main business scope is the American market, together with their accompanying debts, to the Kettering Foundation to enjoy tax relief.

5. Of the funds that the Kettering Foundation needs to use for charity according to the law, no more than 30% is allowed to be used for the construction of Palu Island, and no less than 30% is used for the United States.

These plans were reached after William Chen vigorously lobbied. Although the Atlanta Fund received a 10-year tax-free policy in the terms, he was required to donate most of his assets to the Kettering Foundation.

Although after this, the control of these enterprises is still in the hands of William Chen, but because of the nature of the Caitlin Foundation, it is equivalent to the listing of the company, and the business operations of the enterprises will be more transparent. Precautions for transfer.

Anyway, we don't care about the right to operate, but these investments must stay in the United States.

Therefore, William Chen needs to adjust his assets next. Among all his assets, the American part of the Meta Group, including the Meta Future Building, his shares in Paris's Hilton-Chen Fashion Group, and the Trump The holdings of Meta investment companies such as the Group, Netflix, and Tesla will be transferred to the Kettering Foundation.

This also includes Tianshu Fund in Meta Investment Company, and a US$150 billion investment in US stocks.

The previous Meta Group’s financing from Goldman Sachs and Morgan Stanley will be used as debt, together with the $50 billion loan injected into the Atlanta Fund this time, all belong to the Caitlin Foundation, making the foundation’s assets rapidly expand by hundreds of dollars. billion, but also assumed nearly $200 billion in debt.

Starting next year, the Kettering Foundation needs to take out 5% of its funds for charitable purposes, which will be a huge amount.

However, he also won that no more than 30% of these charitable funds can be used for the non-profit construction of Atlanta, and at least 30% must be spent in the United States.

In this way, William Chen cut off from the original Meta Group and continued to directly hold assets, including investments in Asia and Europe:
Meta (Asia) Investment Company and its Huaxia Future Capital Venture Capital Fund, Meta (Asia) Entertainment Media Company and the shares in TC Business Management Company, as well as Manchester United Club and Manchester United Brand Management Company, will all be acquired from the Meta Group. Separated to form a future group headquartered in Modu.

In order to prevent Atlanta from becoming a new tax haven like Palu before, in the supplementary agreement, Atlanta will carry out in-depth cooperation with the United States in financial crimes, which in fact allows Atlanta to integrate into the United States. financial system.

Of course, the United States can protect Atlanta militarily, but it is not free. Atlanta is already very close to the United States’ main military base in Guam in the Asia-Pacific. If something happens, it needs the help of the United States. Definitely have to pay for defense.

So after signing the agreement, Chen William took the Gulfstream G550 to Palu. After all, the details of the purchase contract had been completed at this time, so the two parties signed the agreement for the Atlanta Fund to purchase Palu Island under the witness of international representatives.

This also means that Palu has become the past tense from today, and this island will be named after Atlan Island.

Reporters around the world and Netflix's filming team recorded this historic moment. The photo of William Chen shaking hands with Palu after signing the contract also appeared on the headlines of almost all media around the world that day.

In the press conference held later, in response to the reporter's question on how William Chen will build the island after the purchase of Palu, William Chen said that the specific content and policies are being specified and will be finalized when there is a final report. The results will be announced later.

At present, the first thing that needs to be done is the migration of the original Palu nationals. The deadline for this work is August 8, which is one month later.

During this period, the team organized by the Atlanta Foundation will assist the people of Palu to complete the relocation, and cooperate with the United States and Australia to ensure the orderly and safe relocation.

At present, the Atlanta Fund has received 50 billion US dollars from the American Bank Group. According to the agreement with Palu, after the contract is signed, the first payment of 5 million US dollars will be used for the relocation and resettlement of the Palu people allocated in advance.

Until the relocation of all Palu people is completed and the island is vacated, the remaining US$10 billion in compensation will be paid.

Palu is very neat. Anyway, the islands are sold. The most important thing now is to get the money as soon as possible. So they issued a regulation to the public, dividing the one-month period into two parts. The move will be completed in the first half month. In Australia, if you can get all the compensation in full, and the relocation is completed in the second half month, you can only get 80% of the compensation. As for those who have not moved in a month, you will lose all the compensation. These deducted compensation All funds will go into the Palu Mutual Fund.

Driven by such interests, the few people who originally voted against and did not want to leave their homeland, under the pressure of their families, could only choose to follow everyone and speed up the relocation.

(End of this chapter)