Reborn in Hong Kong as a Tycoon

Chapter 296 The Great Harvest
Lin Baicheng earned US$12.4 billion in profits through Goldman Sachs channels. After deducting 20% ​​tax, what he can take away is US$9.92 million.

This is profit, Lin Baicheng still has 2 million US dollars of principal to take away, adding up he can take away 11.92 billion US dollars.

Of the US$2.48 million in taxes, US$1.426 million can be deducted through consumption and investment, and the real tax Lin Baicheng has to pay is US$1.054 million.

Part of the tax-deductible amount of US$1.426 million has consumption and investment restrictions, which stipulates what must be invested and purchased to be tax-deductible.Among them, there are farm investment, real estate investment, car consumption and so on.

It is precisely because of the policy encouragement of related industries that there is legal tax avoidance, so the offset tax must also be consumed in related industries.

A total of 1.426 million U.S. dollars of legal tax avoidance, Lin Baicheng only needs to complete the consumption before the tax filing season in April next year, and then complete the tax filing process, but there is no need to rush to consume and invest immediately.

Lin Baicheng first transferred US$8 million in batches to Lin Baicheng's HSBC and Standard Chartered accounts in Xiangjiang, and the remaining US$3.92 million was deposited in Goldman Sachs' account.In addition, Lin Baicheng still has a principal of [-] million U.S. dollars in Goldman Sachs' financing account, but this [-] million U.S. dollars came from a loan from Goldman Sachs and will be repaid in the future.

The reason why US$3.92 million was left in Goldman Sachs' account was because Lin Baicheng commissioned Goldman Sachs to acquire home appliance technology and wafer and memory chip technology.Although these technologies can't cost so much money, Lin Baicheng will make acquisitions later, so he simply put part of the funds in the Goldman Sachs account.

The profit in London was US$9000 million, and Lin Baicheng could transfer US$7200 million, all of which he transferred to Xiangjiang's Standard Chartered account. Of the US$1800 million in taxes, Lin Baicheng had US$900 million to spend. He simply asked An Yuan, who was still in London, to help him buy a house in London, and spent all of the US$900 million.

The profits were transferred, and Lin Baicheng still had a principal of [-] million US dollars in the financing account of Standard Chartered in London.

In Tokyo, with a total profit of 9200 million U.S. dollars, Lin Baicheng was able to transfer 7360 million U.S. dollars, all of which he kept in his private account at Mitsubishi Bank. Of the US$1840 million in taxes, Lin Baicheng has US$920 million to spend, and he directly asks Haruko Mori to buy him a villa in Tokyo, as many as he can buy.

In the financing account of Mitsubishi Bank, Lin Baicheng also kept a principal of [-] million US dollars.

However, Lin Baicheng still owes Mitsubishi Bank US$2.5 million, which he borrowed from Mitsubishi Bank in January this year, for a total of three years.

Speaking of loans, Lin Baicheng has quite a lot of loans.Goldman Sachs has a US$3 million loan, but the principal is also in Goldman Sachs' financing account; Standard Chartered's HK$2.5 million loan was originally used to acquire Asian TV; Mitsubishi's US$10 million loan, US$[-] million is in the Standard Chartered financing account In fact, [-] million US dollars is in the Mitsubishi financing account, and the principal is almost all there; HSBC's [-] billion Hong Kong dollar loan is used to acquire Hutchison Whampoa.

Finally, Lin Baicheng also had a temporary loan of 5 million Hong Kong dollars each from Standard Chartered and HSBC. This money was borrowed to acquire HK Electric. At that time, it only cost 8.14 million Hong Kong dollars. Now that the gold futures are sold, Lin Baicheng wants to use this money Return to Standard Chartered and HSBC, one day more interest for one day late.

Although the time is a little more than a month, because it is a temporary loan, the interest is relatively high, and the interest of more than one billion Hong Kong dollars will be nearly 10 million Hong Kong dollars.

Among the funds transferred by Lin Baicheng to Heung Kong, Standard Chartered and HSBC each had 1000 million US dollars, plus the remaining funds from the acquisition of HK Electric, which was enough to repay the repayment. There was still about [-] million Hong Kong dollars left, which was transferred by Lin Baicheng to the account of Yum Securities. To buy the shares of Qizhou Yingni Company.

Regardless of the loans owed to banks and the cash owned by various companies, Lin Baicheng currently has as much as US$11 billion in cash at his disposal.

With so much money, Lin Baicheng will certainly not put it in the bank to earn interest. In addition to the acquisition that has been entrusted to Goldman Sachs, Lin Baicheng will have a series of acquisitions in the future.Not to mention spending all the cash, at least half of the funds should be spent to turn them into industries, so as to bring more profits to Lin Baicheng in the future.

After transferring most of the funds to Xiangjiang, Lin Baicheng left New York and returned to Los Angeles.

Unlike when coming from Los Angeles, it takes about 5 hours to fly from New York to Los Angeles, but New York is about 3 hours faster than Los Angeles, which is equivalent to only two hours from New York to Los Angeles.

After returning to Los Angeles, following last week's party, Lin Baicheng is going to hold another party to celebrate.

Fortunately, here in the United States, it is normal to have parties. One party a week is even less for some people. It is normal to have parties three or four days a week.

This time, the guests at the party were the same as last time, but this time the other two friends of the Republican Congressman came back from Washington, so they also had time to come to Lin Baicheng's party.

Lin Baicheng made a lot of money by being long on gold futures. He will definitely not publicize this matter. Goldman Sachs also promised that he will not publicize it and try to keep it secret.

However, Phil Smith knew that Lin Baicheng made a lot of money by doing long gold futures, but he didn't know how much Lin Baicheng made.The reason is also very simple, he himself was buying long gold futures, and after Lin Baicheng sold out, he called Phil Smith to tell him that he had sold the long futures order.

Not only Phil Smith, Lin Baicheng also told Mineryu Iwasaki, all after the sale.In fact, even if Lin Baicheng didn't tell Iwasaki Minelong, Iwasaki Mineryu knew about it shortly after Lin Baicheng's account began to close the long order, because Iwasaki Mineryu specially asked someone to pay attention to Lin Baicheng's account.

At this party, Phil Smith told Lin Baicheng that he himself did not sell his long gold futures, because his team believed that the price of gold would continue to rise, and he was going to take another look.

Lin Baicheng was not surprised by this, and Phil Smith believed that the team he hired was normal.Lin Baicheng did not persuade Phil Smith to sell when he was not sure whether the price of gold would rise or fall. Anyway, Phil Smith made a lot of money and would not give him any money. Why would he do such a thankless job? thing.

What Lin Baicheng was thinking was, if Phil Smith didn’t sell long gold futures, would Iwasaki Mineryu not have sold it either? Swap futures list.

For Iwasaki Mineryu, Lin Baicheng hoped that he would make money, because if Iwasaki Mineryu made a lot of money, he would 'repay' Lin Baicheng, and Yamaguchi Baihui was arranged by Iwasaki Mineryu for Lin Baicheng.

Under the condition that his own interests are not affected, Lin Baicheng certainly hopes that Iwasaki Minelong will make money, and then "repay" him well.

(End of this chapter)