I Know Everything
Chapter 1218 Reasonable tax avoidance
Shen Huan gained a lot from this trip.
Not only does he know that he has countless fans, but he is also rich enough in terms of financial income.
yes.
Shen Huan went on a commercial promotion tour because of the sponsorship contract. In this regard, the six major companies only need to bear food, accommodation and transportation.
But they definitely don't know how to behave.
Shen Huan's hard work has led to such a big increase in their sales, of course there is a bonus.
For example, the wealthy VISA directly transferred 20 million US dollars to Shen Huan's account.
Do you think it's a lot?
If you know that in just over two months, VISA has more than 40 million cardholders because of Shen Huan, you will feel that VISA is too cheap!
It has more than 40 million new customers, and most of them are young people who have just left school and entered the society.
None of them have accepted the beatings of the society, how generous would it be to use a credit card?
VISA has at least 40 years to enjoy the dividends of these users' money.
So it's no wonder that during Shen Huan's promotional tour, they have already announced the renewal of Shen Huan's contract for 10 years, with an annual endorsement fee of 10 million US dollars.
The bosses of VISA are all bankers. They calculated that with such an endorsement fee of 10 million, as long as there are 700,000 new users every year, the capital can be guaranteed, and 1 million is considered a big profit.
Shen Huan's current popularity changes every year. At least within three to five years, there is no need to worry about whether the fans will buy it. Two to three million people is easy, and three to five million people is not difficult.
BMW, before VISA, also announced Shen Huan as their brand spokesperson, and renewed the contract for 10 years at an annual price of 8 million US dollars, which is considered to be the same price as Pepsi and McDonald's before.
At the same time, the reward given by BMW is similar to the above two companies, both of which are 10 million US dollars.
Burberry is slightly less. After all, they cannot be compared with the above-mentioned companies in terms of scale. The hard work of 5 million US dollars is also their great sincerity.
Of course,
The one who gave the most was Adidas.
After such a promotional tour, Adidas has surpassed Nike in many places. This intangible increase in brand value is reflected in the stock market. In 70 days, the market value directly increased by 50%, exceeding 105 billion US dollars!
The market value of 35 billion US dollars has increased. You said that Adidas did not give enough rewards to the biggest hero Shen Huan. Is it justified?
So 50 million U.S. dollars was quietly deposited into Shen Huan's account through various accounting methods.
All in all, Shen Huan received a total of 105 million US dollars in hard work.
No matter how much or how little they gave Chen Huan, there was one prerequisite, that is, they bypassed the United States and directly transferred to Shen Huan's Swiss bank account from overseas companies.
Switzerland is one of the richest countries in the world, basically even one can be removed.
The reason lies in their financial industry.
Switzerland is the only country that has written the absolute guarantee of user confidentiality into its own laws.
When you go to a Swiss bank to make a deposit, there are no cameras inside or outside the bank, and the person responsible for handling deposits and deposits for you will never ask your name.
They don't even care whether they are male or female, as long as they leave their account names and passwords, that's it.
Of course, in the future, they will not recognize whether the person who came to withdraw the money and take things is the original one, as long as the account password is correct, then they can get the money and things.
Such an excellent method has been greatly welcomed by the rich since the last century, especially those whose wealth is not visible, and those who need to protect the secrets of their transactions.
That's why the Swiss Bank can be so big, so that the citizens can enjoy the best benefits.
Do you know now?
They sent money to Shen Huan from an overseas account to a Swiss bank. The main purpose was to help Shen Huan and themselves avoid taxes, and then they chose to keep it secret.
Don't doubt whether American companies follow the rules.
With such a high tax rate in the United States, if you pay taxes honestly, I am afraid that all the money you earn will go to the tax bureau.
There is no way for individuals to escape the investigation of the tax bureau. Even if you get cash remuneration, you don’t need to show it in the accounts, but they can still check from your various consumptions to see if you have income that has not been declared.
Once it is found out, there will be various penalties in addition to the supplementary payment, so ordinary workers and staff are cautious not to go beyond the slightest.
Contrary to ordinary people, the richer those are, the more they evade taxes.
Otherwise, how could so many lawyers and accountants in the United States survive?
It's not too much for an accountant who works as an accountant for a large company to earn hundreds of thousands of dollars or even millions of dollars a year.
For a big company like PricewaterhouseCoopers, why do some people try their best to squeeze in every year?
It’s not just about making more money!
Why make more money?
It's not helping the company to avoid taxes reasonably!
The level of complexity in the reasonable tax avoidance mentioned here is beyond the comprehension of ordinary people. When you look at such a large pile of information and processing methods, you will feel a headache.
It is said that the tax bureau is the only one that cannot handle large companies.
Because those good accountants are snatched and hired by big companies, the tax bureau can't compete with them in terms of salary and benefits.
wait a minute!
Didn't Buffett and his group of top rich people in the United States clamor to increase the tax rate for the rich and demand that they take more financial responsibility?
right!
That's what they yelled.
But have you noticed that when Buffett said this, he was scolded by countless wealthy people in the United States.
The content of the swearing is raising tax rates will not affect you super rich, but we will suffer!
Here is another secret revealed.
Maybe you can't believe it, but for a super rich man like Buffett, his annual tax payment is basically the same as that of a rich man with an annual salary of 5 million.
Think about it.
His income basically comes from his companies, but the income of these companies is constantly in the second investment, which belongs to spending, not profit.
Since it is not a profit, it is an expense, so there is no need to pay taxes.
Buffett also has stock dividends and so on.
That's right.
But these dividends are never taken out by Buffett, they are put in the stock market.
You should understand this, right?
As long as you don't cash out from the stock market, the money is not considered your profit, so there is no tax.
Therefore, Buffett's annual tax payment is very low.
Of course, Buffett is considered good. He has donated tens of billions of dollars.
The group of super rich who set up their assets as foundations are even more shameless.
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