Bright Era of China Entertainment

Chapter 810 What I Saw, Heard, and Thought

In the restaurant, Liu Xiaoli brought the last dish to the table and watched the couple coming over affectionately. Especially her daughter, who had regained her lively and playful look. Compared with her quiet state these days, her daughter really became different after the arrival of her son-in-law Chu Xuan.

She clearly realized that since the couple got married, Chu Xuan's share in her daughter's heart has completely surpassed hers, and now the person who can influence her daughter's happiness and joy has completely become Chu Xuan.

Jealous? Maybe in the past, but now that the warmth of the family of three has become the norm, she has long forgotten this feeling and only hopes that the two children will get better and better.

She invited them to sit down, handed them bowls and chopsticks, and when they started eating lunch, she mentioned something: "Xiaoxuan, I checked in the past few days since I came here, and the tax refund in the United States has increased. It is now 27.5%."

"It's grown so tall?" Chu Xuan raised his eyebrows, looked slightly surprised, and lowered his head to eat a mouthful of rice.

The tax rate didn't seem to be that high before, but now it has reached nearly 30%, which is... shameless.

The reason why it is called a scoundrel is that this tax in the United States is fundamentally different from the domestic tiered tax law.

In the country, taxes are collected based on the amount of income, which is based on a person’s or company’s income flow.

However, the tax refund in the United States is a bit outrageous, as it depends on a person's total assets.

For example, a person's company is worth 100 billion, but the actual income is only 1 million. Domestically, the tax is only collected based on the 1 million, but the refund tax in the United States is collected based on 100 billion. This is really a bit of a cheat.

This is also an open conspiracy.

The so-called financial freedom is used to attract foreign "capital leeks", and such outrageous tax refunds are used to prevent these "capital leeks" from easily leaving the United States.

In China, for the wealthy who fawn on foreigners, after transferring their assets and abandoning their business base to the United States and being exploited by domestic capital, they are grateful for the good things about their own country, but they are faced with this rogue-like tax refund, and the situation that it is easy to renounce domestic citizenship but difficult to return to China, which means they can never come back.

Moreover, after the wealthy people who fawn on foreigners are gone, careful and knowledgeable people will find that the useful assets left behind by these people will soon be taken over by mysterious people or mysterious companies.

In addition, there is no tax refund in the country, which means you don’t have to pay anything to renounce your nationality, it’s completely free, so those who fawn on foreigners can easily get out.

Looking at it this way, from the perspective of the atmosphere, if the tax refund is an open conspiracy of the United States, then the fact that there is no tax refund in the country and it is easy to renounce citizenship but difficult to return can also be seen as an open conspiracy to clean up the house silently?

Chu Xuan didn't dare to think too deeply about the game between the great powers. As for his mother's suggestion, he didn't think much of it. "Anyway, the company's equity is in your hands, so Xixi won't be able to pay much when the time comes."

"But I have property!" Liu Yifei said after taking a bite of pizza.

Chu Xuan was stunned for a moment, then reacted: "Oh, that's right. The property certificate of our Donglin Villa villa is written in our names, half each. Does mom know how much the house is worth now?"

Liu Xiaoli took the chopsticks in her right hand, held up three fingers with her left hand, and said in a fiery tone: "Three hundred million!"

"3 million... The housing prices in Beijing have been rising very fast." Chu Xuan said. He bought a house for 05 million in . Four years later, and still under the influence of the subprime mortgage crisis, its value has increased fivefold. No wonder the real estate industry makes money like water. The ability to speculate in real estate is simply amazing.

"If it's 3 million, then Xixi has 1.5 million in assets." He said, "There's nothing else except Xixi's artist business stuff."

Liu Xiaoli nodded: "I estimated that Xixi's assets are about 4000 million US dollars."

Chu Xuan silently calculated: "4000 million US dollars, 27.5%, that is 1100 million US dollars."

"Yes." Liu Xiaoli slammed the table, unwillingly and regretfully said: "I made more than 2 million yuan by following you to invest in Longyou, and spent more than 1 million yuan on the wedding house. The tax here will also cost nearly 1 million yuan. This is really a waste of money. It's a pity."

Chu Xuan was speechless for a moment. The subprime mortgage crisis triggered an increase in U.S. debt interest rates, which increased the value of the U.S. dollar. Other currencies would depreciate relatively, and the exchange rate between the RMB and the U.S. dollar came to 7.5.

1100 million US dollars, more than 8000 million RMB, is indeed close to 1 million.

My mother compared it to a waste of money, and it is understandable that she feels sorry about it.

"Fortunately, the shares of Brilliant Times are in my hands. The decision I made at the beginning was quite correct. If it was in Xixi's hands, the tax refund would probably be hundreds of millions. The rogue department still wants the US dollar cash flow, which would be troublesome." Liu Xiaoli said thankfully again.

"Indeed." Chu Xuan took a bite of the food and said, "The company has a subsidiary in Los Angeles and has also cooperated with Macron. When the time comes to renounce citizenship, the tax refund will require US dollar cash flow. So let the subsidiary or Macron help to cover it first, and then slowly pay it back through foreign exchange swaps in China."

"Just as I thought." Liu Xiaoli's plan was consistent with Chu Xuan's idea.

"Oh my." Liu Yifei interrupted, "There's no news yet on whether the nationality can be transferred back. Isn't it a bit far-fetched for you to talk about this now?"

Liu Xiaoli knocked the bowl with her chopsticks and taught him, "You should plan ahead for everything you do. You are just like me, who just does whatever makes you feel comfortable. You don't even think about anything."

"That's right, she deserves to be criticized!" Chu Xuan echoed, standing on his mother's side.

Liu Yifei was extremely angry and looked at Chu Xuan sharply with a look as if she wanted to hit him.

Chu Xuan thought that if she stood on her mother's side, her mother would praise her, but she only heard her mother continue to complain: "Oh, yes, it's not that I don't miss anything. When Xiaoxuan was not here, I missed him every day. I raised you for twenty-one years and never saw you thinking about me like this. It was all in vain."

Chu Xuan chuckled, luckily he didn't have any food in his mouth, otherwise it would be embarrassing.

Liu Yifei put down her chopsticks, leaned sideways on Chu Xuan, lowered her head and smiled.

Zeng Ni and Lu Tao couldn't help laughing, while Liu Xiaoli glanced at her daughter with a joking look from time to time.

"Hmph." Liu Yifei snorted to dispel the embarrassment of being criticized by her mother, then sat up and continued eating.

When we were almost done with the meal, there was a “ding dong” sound, and the private lesson teacher arrived.

The two sides briefly greeted each other, and Liu Yifei said, "I'm going to class first," and went upstairs to get her textbooks for her private lesson.

Zeng Ni and Lu Tao were responsible for collecting the dishes and cleaning up, while Chu Xuan accompanied his mother to the living room to watch TV.

"Regarding the transfer of nationality, given the way things are done in our country, if it wasn't going to work, you should have received a phone call to inform me a long time ago. It's been three or four months and I still haven't received a call, which means the process is going smoothly and there should be a good result."

"Yeah, I thought so too, so when I came to New Haven this time, I first checked the situation regarding revoking my American citizenship so that I could be fully prepared. We'll see when the time comes."

Chu Xuan nodded and sat down on the sofa with his mother.

Liu Xiaoli picked up the remote control and turned on the TV. After putting it down, she picked up two apples from the fruit basket and handed one to Chu Xuan: "Xixi, you came to Yale University to study, don't you think it was a waste of time?"

Chu Xuan took the apple and looked at his mother: "What's wrong?"

Liu Xiaoli took a bite of the apple and said, "She was away from school most of the time, and in the end she had to take private lessons. I don't know if she learned anything."

Chu Xuan took a bite of the apple and said, "She did learn something. At least she didn't miss any video courseware. Her acting knowledge may not be as good as the practical experience in the past two years, but she has made great progress in the industrialization of the film industry. She now has her own ideas about the industrialization of the company."

"That's good." Liu Xiaoli said.

Chu Xuan continued, "There are also private management courses. She has made more obvious progress in this area. You can see that she is very good at being a producer in the crew of My Love from the Star. Although management refers to the corporate aspect, the crew structure and the company structure are similar. She has made great progress after all."

"Yeah, I can see that." Liu Xiaoli saw everything her daughter did during the filming of "My Love from the Star". She was pleased that her daughter handled all aspects of the matter in an orderly manner.

"There is more." Chu Xuan said: "Apart from the study aspect, if she didn't come for further studies, she wouldn't have met Ireland, and Brilliant Times wouldn't have been able to have a Hollywood partner so smoothly and quickly, which played a great role in promoting the development of the company."

Liu Xiaoli nodded slightly: "That's true. If it weren't for her, the company's overseas profit plan of hoarding so many overseas novel copyrights wouldn't have been deployed so quickly. It can only be said that it was fate."

The plan for my daughter to study abroad is mainly to strengthen her acting ability, so that her acting level can catch up with her son-in-law, so that they can both start their film careers.

The second is my daughter’s own request, to learn some knowledge about the industrialization of Western films so that she can better develop their industrialization business in China with her son-in-law.

In addition, my daughter was strong-willed, so she hired a private trainer and learned management skills so that she could be her boss and producer.

Originally, I wanted my daughter to quit the entertainment industry temporarily and give her two years to study, but plans can never keep up with changes.

Whether it is the company's development needs in film and television dramas, or the career changes conspired by the daughter and son-in-law, whether it is because the son-in-law joined their family, or the development of the relationship between the son-in-law and daughter from dating to proposing to now having a marriage certificate, the daughter's academic studies are the same as when she was in Beijing Film Academy, and she is away from school most of the time.

This gave her the illusion that her daughter's studies were in vain.

I just had a chat with my son-in-law, and what he said is true. Although my daughter is not in school most of the time, she has gained a lot from the things caused by her further studies. Such results are always good, so it is not bad.

"Boys, go out for a walk and buy some groceries."

In the afternoon, Liu Yifei finished her class and sent her teacher out of the house.

Liu Xiaoli announced her afternoon plans and took the two kids shopping.

"Okay." Liu Yifei seemed very active. Chu Xuan's arrival aroused her naughty and playful nature.

The family went shopping until it was sunset. Considering the fact that Americans might not see the sun the next day after dark, the family returned home.

After dinner, Chu Xuan accompanied Liu Yifei upstairs to the bedroom, and the couple discussed together how to write the speech.

This is how life in New Haven went for the next few days.

They relaxed in the morning, went shopping in the afternoon after Liu Yifei finished her class, and in the evening, while her mother watched TV, the couple stayed in the room to think about their speeches.

It's ordinary and a little boring, but the happiness of the family being together is beyond the description of outsiders.

While observing the outside world in the past few days, or while shopping, Chu Xuan made some discoveries about the lives of Americans, which triggered some thoughts in him.

First, as Liu Yifei said, there are a lot of homeless people in the city. Not to say that they can be seen everywhere, but there are a few people setting up tents or sleeping on the ground on almost every street.

This shows that the subprime mortgage crisis had a huge impact on the local area, but the local bosses did not treat these people well. Instead, they raised interest rates on debt to raise money from countries around the world to solve the problem. The result was that local capital made profits without caring about the lives of civilians.

This led to his second thought: many of the products here are manufactured domestically, from clothes, socks and shoes to electronic parts and components. The manufacturers are all from China and their main focus is on cheapness.

This reminded Chu Xuan of two opinions in China. One opinion was that domestic products were excellent and were awesome when they were dumped overseas. The other opinion was just the opposite, that domestic products could only be provided in the middle and low-end of the industry chain, making them like wage earners, nothing special.

If he had a low level of cognition in the past, he might have believed both statements, or he might have been misled by some remarks.

Through the industrialization of film and television, he needs to understand some domestic and global development situations, which has also broadened his horizons in the past few years.

The way people are being treated in response to the crisis here, the number of homeless people will only increase.

A homeless person can't afford LV, but he can probably afford cheap domestic production.

Electronic parts and components directly affect local high-end products, and according to him, domestic manufacturing exports here account for more than 70% each year.

He didn't know why the price was so high, maybe because it was cheap. Anyway, this was a fact that could be easily found out.

In this way, domestic light industry affects the people's livelihood economy here, while heavy industry affects the formation and sales of high-end technology products here.

The high-tech gadgets produced on this land dominate the world and are very exclusive. They have imposed a technological blockade on other lands. Perhaps this is their self-confidence, so they have given up on basic manufacturing and handed over production to other lands. They only produce high-end products.

But in this case, what if domestic high-tech breaks through the blockade?

Light industry affects people's livelihood here, low- and medium-level manufacturing industries control the high-end production chain here, and high technology breaks through the comprehensive blockade that this place is proud of. Then, the high-end industries here will no longer be able to balance the domestic situation, right?

Judging from the memories deep in Chu Xuan's mind, he didn't feel anything about some things before, but after his cognition improved in recent years, he realized that some of the international events that he couldn't understand in his memory were the result of the fact that the status of this land would slowly change with that of the other side in the near future.

He also didn't know whether the understanding he had gained through observation in the past few days was correct or not, but he was willing to believe in his own analysis and firmly believed that the pace of our revival was accelerating under the circumstances of gains and losses.

Perhaps the world is really living in an era of "comparing the worst". Anyway, after wandering around the city for a few days, he saw homeless people with no place to stay, people not cleaning up their feces, smelling odors everywhere, and many thieves in public, etc. It seemed like the public service departments were malfunctioning. He was full of confidence in the rise of his country.

"Great old America, it's really awesome, I'm very happy."

To this end, he summarized what he had seen, heard and thought in the past few days.

Some people only care about the happiness of the common people and don't care about the rise of great powers.

But if great powers do not rise, how can the common people be happy?

The previous sentence is a fallacy, but the truth is revealed when the question is turned around.

From a public perspective, our rejuvenation is a mission that does not forget our roots.

Personally speaking, only when the country rises can the entertainment industry grow bigger and stronger.

If he has confidence in the country's rise, then he has confidence in his entertainment industry, confidence in the industrialization of film and television, and confidence in the future.

At this point, Chu Xuan was very emotional. He was advised to go out more often, take a closer look at the world, and then think more. It really was true. It made him see the essence of some things at a new level.

"Chu Xuan!"

"Not okay yet?"

"be quick!"

"The graduation ceremony starts at 9 o'clock!"

On the morning of June 6th, American time, Liu Yifei's urging voice came from downstairs.

Chu Xuan was washing his face in the bathroom in the bedroom. When he heard the urging, he shouted, "Here I come!"

He quickly hung up the towel, quickly fixed his hair with his hands, and then hurried out the door.

(End of this chapter)