Reborn in Hong Kong as a Tycoon

Chapter 245 Investment Tax Deductions
"Okay, that's it for now!"

In the midst of some politeness, Lin Baicheng hung up the phone.

In the morning, Lin Baicheng, who had been staying in Hutchison Whampoa's office looking at the documents, received many calls congratulating him on Hutchison Whampoa's big investment and the sharp rise in Hutchison Whampoa's stock price.

Among those who called to congratulate them were familiar Bao Yugang, Huo Yaohua, and Wang Yiping from Xinhua News Agency, but there were also other business tycoons who had only met a few times, such as Li Zhaoji, Hu Yinxiang, Zheng Yutong and others.

For these calls, Lin Baicheng responded enthusiastically and expressed his gratitude.

"Boom! Boom!"

"What's the matter?"

There was a knock on the door, and Lin Baicheng looked up. There was Qin Lan, the secretary, standing at the half-open door.

Qin Lan walked in and reported: "The judgment on the future trend of gold prices has come to fruition, do you want President Cheng to come and report to you?"

Lin Baicheng said, "Let Wei Li come over too."

"Ok!"

Qin Lan went out in response.

After a while, Wei Li and Cheng Yufeng came over together.

Lin Baicheng beckoned them to sit down on the sofa, and Chen Huixiang, the secretary stationed here at Hutchison Whampoa, brought in coffee.

Looking at the two, Lin Baicheng said, "Tell me about your judgment on the future trend of gold prices."

Cheng Yufeng was in charge of this matter, so he replied: "After discussion, everyone agreed that the price of gold will inevitably break through the price of 200 US dollars / ounce in the short term without a sudden big negative. At 200 US dollars / ounce On the price side, the short side will definitely resist, and it is a long-short game, but the power of the bulls will be relatively strong, so the price of gold will break through upwards, and there should be no problem breaking through the price of 210 US dollars per ounce.”

"Because the short side will resist, there will definitely be volatility adjustments in the gold price in the short term, but it is impossible to predict at which price it can go higher and then adjust. It can only be predicted based on the trading volume and trend at that time."

Lin Baicheng was not too surprised. If Yuan Tianfan and others could accurately predict the trend of the gold price, then they wouldn’t have to work for him. Wouldn’t it be nice to invest with their own money? Why should they work for him?

Wei Li immediately suggested: "If this is the case, then send someone to London. Once the price of gold changes, we will immediately operate according to the actual situation. What do you think, Mr. Lin?"

"Just as I thought."

Lin Baicheng nodded in agreement when he heard the words: "Let Yuan Tianfan lead the team to sell according to the gold price trend. But remember, don't sell the gold price below 210 US dollars. If the price is higher than this price, let him see the actual situation Situation sells."

Sell ​​the gold futures and bring back the profits. You will definitely have to buy the futures back later, so there is no need to sell them at low prices. Anyway, Hutchison Whampoa is not going to bring back the profits right away. If it is necessary, it will be fine for a few months at night. .

As for the price at which to sell gold futures, Wei Li has no opinion. After all, he doesn't understand this very well, but he said: "Mr. Lin, this time we want to bring back the profits. I think it is necessary to send a vice president to lead I will go to London with the finance and lawyers to carry out the necessary supervision."

Lin Baicheng looked at Cheng Yufeng: "Yufeng, you happened to work in London before, so you should go there."

"Okay, Mr. Lin."

Cheng Yufeng nodded in response and had no objection.

Wei Li said aloud: "Mr. Lin, I don't know if you understand the taxation in London. We are an enterprise in Xiangjiang. Although Xiangjiang is also British, we invest in London. When we want to transfer profits When we bring it back to Xiangjiang, the IRS in London will immediately withdraw the tax payable on this profit. But in this way, we will no longer have to pay taxes on the money we bring back to Xiangjiang.”

"It's actually like this?"

Lin Baicheng hadn't thought about this, and he couldn't help frowning slightly: "How much tax do I have to pay for this money?"

Wei Li said: "This is a capital gains tax, which is higher than the normal business tax. It is the same as in the United States, and you have to pay 20% of the profits."

"so much!"

Lin Baicheng couldn't help feeling heartbroken when he heard this. If he sells the gold when the price reaches above 210 US dollars, the total profit will be at least 4 million US dollars, which is equivalent to paying at least 8000 million US dollars in taxes. He is simply eating his flesh and drinking his blood.

Cheng Yufeng said aloud: "President Wei Li, I think it should be possible to legally avoid taxes, right? I don't believe that the capitalists in London will pay all of them with such a high proportion of taxes."

"Of course, that's exactly what I'm going to say."

Wei Li nodded immediately. He is the president of Hutchison Whampoa, and he is not willing to pay so much tax: "All profits can be deducted from tax rates in large-scale consumption, industrial investment, charitable donations, etc. Because this time is The company is profitable, so what is suitable for our company is industrial investment and charitable donations. It is enough to donate a little bit of meaning, mainly industrial investment.”

"Mr. Lin, since the company is vigorously developing the real estate industry and retail industry, we can buy real estate and open Watsons stores in the UK."

"A property over there in England?"

Lin Baicheng pondered for a while, then shook his head secretly.Although buying real estate in the UK now will definitely make money after 20 years, there are famous real estate bubbles in Japan and the United States, and housing prices in Xiangjiang and China are also very high, but I have never heard of real estate in the UK rising How crazy, so investing in real estate there is actually not worth it.

"All the taxes that can be reduced or exempted through industrial investment should be used for Watson's expansion. In the same way, buy shops in famous British cities such as London, Birmingham, and Leeds."

The real estate industry in the UK will not be done, but it is necessary to buy the storefront of the supermarket, so that the rent will be more cost-effective in the long run, and the storefront will not become a weak point to be attacked.

"this is okay too."

Wei Li didn't object to this, he looked at Cheng Yufeng and said, "President Cheng, you'd better complete the delisting of Watsons as soon as possible."

"It's already in the implementation phase."

Cheng Yufeng nodded and said, in the case of controlling the company, if you want to delist a company, it is easy to do it as long as you have money.Let this company issue a large number of bonds, and then convert the debt into shares, or carry out a fixed increase, as long as the interests of all shareholders are not affected, there will be no problem.

"You guys arrange all these things."

Lin Baicheng said to Wei Li and Cheng Yufeng.

"Boss Lin, if there is nothing else, we will take our leave first."

Wei Li and Cheng Yufeng got up and left the office.

And just after Wei Li and Cheng Yufeng went out, Qin Lan knocked on the door and walked in, reporting something to Lin Baicheng.

(End of this chapter)