Reborn in Hong Kong as a Tycoon

Chapter 697

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In the afternoon, Lin Baicheng came to Yum Securities.

The Hutchison Whampoa shares bought with 20 million Hong Kong dollars raised from Galaxy Games and other companies were all sold in the morning. Although they started selling after the stock price exceeded 24 Hong Kong dollars, because the stock price rose relatively quickly later, Therefore, the average selling price is 2780 Hong Kong dollars, and 6.672 million shares were sold for a total of 6.67 million Hong Kong dollars, which is about [-] million Hong Kong dollars after deducting the handling fee.

Generally speaking, stock trading and futures trading do not need to pay taxes, and only need to pay a certain handling fee.

However, once you make money through the stock and futures markets, you have to pay profit tax, which is the same as the tax on corporate profits, and the tax to be paid on financial investment is even higher than the tax to be paid on normal business operations be taller.

On the Hong Kong side, the income tax to be paid on financial investment profits is 10%. Although it is not a lot, it is much less than that in the United States.

That is to say, this time the stock was sold for a total of 6.67 million Hong Kong dollars, with a cost of 1 million Hong Kong dollars, a profit of 5.67 million Hong Kong dollars, a tax of 5670 million Hong Kong dollars, and a final profit of 5.103 million Hong Kong dollars.

However, it is true that there are so many taxes to be paid, but the taxes will not be paid immediately. The 5670 million Hong Kong dollars in taxes that need to be paid will be placed in Yum!

As for the 5.103 million Hong Kong dollars that can be used freely, they are distributed to companies such as Galaxy Games.Star Cinema received 1.5 million Hong Kong dollars, Jupiter Toys received 2000 million Hong Kong dollars, Asia Television received 5000 million Hong Kong dollars, and the rest went to Galaxy Games.

The 1.5 million Hong Kong dollars of Star Cinemas is enough to pull up a theater chain all over Hong Kong. This is because the cinemas of Star Cinemas are multiplex theaters with many screens, and the theater area will be larger than other cinemas. It doesn't cost that much.

The shares repurchased by Hutchison Whampoa were also sold. The 1700 million shares were sold for a total of 4.1 million Hong Kong dollars, with a profit of 3.1 million Hong Kong dollars, and 1000 million shares in the company.However, the tax here will be deducted from the company's investment in the year at the end of the year. If the calculation shows that the profit this year is only 1 million Hong Kong dollars or 2 million Hong Kong dollars, then only the tax on this part of the profit needs to be paid.

For the 4.1 million Hong Kong dollars recovered by Hutchison Whampoa, Lin Baicheng asked Niu Bijian to invest in the real estate industry and retail industry. For the time being, we will only rent and not sell. In this way, the profit will be limited, and the company will not make much money in the year, so naturally it will not have to pay too much tax.

This time when he came to Yum Securities, in addition to approving the transfer of more than 6 million Hong Kong dollars in the cost and profit of stock trading, Lin Baicheng also wanted to know about the establishment of the fund.

During the two days of the weekend, An Yuan had already found out clearly.

In the afternoon, Lin Baicheng came to Yum Securities.

The Hutchison Whampoa shares bought with 20 million Hong Kong dollars raised from Galaxy Games and other companies were all sold in the morning. Although they started selling after the stock price exceeded 24 Hong Kong dollars, because the stock price rose relatively quickly later, Therefore, the average selling price is 2780 Hong Kong dollars, and 6.672 million shares were sold for a total of 6.67 million Hong Kong dollars, which is about [-] million Hong Kong dollars after deducting the handling fee.

Generally speaking, stock trading and futures trading do not need to pay taxes, and only need to pay a certain handling fee.

However, once you make money through the stock and futures markets, you have to pay profit tax, which is the same as the tax on corporate profits, and the tax to be paid on financial investment is even higher than the tax to be paid on normal business operations be taller.

On the Hong Kong side, the income tax to be paid on financial investment profits is 10%. Although it is not a lot, it is much less than that in the United States.

That is to say, this time the stock was sold for a total of 6.67 million Hong Kong dollars, with a cost of 1 million Hong Kong dollars, a profit of 5.67 million Hong Kong dollars, a tax of 5670 million Hong Kong dollars, and a final profit of 5.103 million Hong Kong dollars.

However, it is true that there are so many taxes to be paid, but the taxes will not be paid immediately. The 5670 million Hong Kong dollars in taxes that need to be paid will be placed in Yum!

As for the 5.103 million Hong Kong dollars that can be used freely, they are distributed to companies such as Galaxy Games.Star Cinema received 1.5 million Hong Kong dollars, Jupiter Toys received 2000 million Hong Kong dollars, Asia Television received 5000 million Hong Kong dollars, and the rest went to Galaxy Games.

The 1.5 million Hong Kong dollars of Star Cinemas is enough to pull up a theater chain all over Hong Kong. This is because the cinemas of Star Cinemas are multiplex theaters with many screens, and the theater area will be larger than other cinemas. It doesn't cost that much.

The shares repurchased by Hutchison Whampoa were also sold. The 1700 million shares were sold for a total of 4.1 million Hong Kong dollars, with a profit of 3.1 million Hong Kong dollars, and 1000 million shares in the company.However, the tax here will be deducted from the company's investment in the year at the end of the year. If the calculation shows that the profit this year is only 1 million Hong Kong dollars or 2 million Hong Kong dollars, then only the tax on this part of the profit needs to be paid.

For the 4.1 million Hong Kong dollars recovered by Hutchison Whampoa, Lin Baicheng asked Niu Bijian to invest in the real estate industry and retail industry. For the time being, we will only rent and not sell. In this way, the profit will be limited, and the company will not make much money in the year, so naturally it will not have to pay too much tax.

This time when he came to Yum Securities, in addition to approving the transfer of more than 6 million Hong Kong dollars in the cost and profit of stock trading, Lin Baicheng also wanted to know about the establishment of the fund.

During the two days of the weekend, An Yuan had already found out clearly.

Before his rebirth, Lin Baicheng also bought a fund for two years. Although he didn't make any money, he still knew the limitations of the fund at that time.

In the afternoon, Lin Baicheng came to Yum Securities.

The Hutchison Whampoa shares bought with 20 million Hong Kong dollars raised from Galaxy Games and other companies were all sold in the morning. Although they started selling after the stock price exceeded 24 Hong Kong dollars, because the stock price rose relatively quickly later, Therefore, the average selling price is 2780 Hong Kong dollars, and 6.672 million shares were sold for a total of 6.67 million Hong Kong dollars, which is about [-] million Hong Kong dollars after deducting the handling fee.

Generally speaking, stock trading and futures trading do not need to pay taxes, and only need to pay a certain handling fee.

However, once you make money through the stock and futures markets, you have to pay profit tax, which is the same as the tax on corporate profits, and the tax to be paid on financial investment is even higher than the tax to be paid on normal business operations be taller.

On the Hong Kong side, the income tax to be paid on financial investment profits is 10%. Although it is not a lot, it is much less than that in the United States.

That is to say, this time the stock was sold for a total of 6.67 million Hong Kong dollars, with a cost of 1 million Hong Kong dollars, a profit of 5.67 million Hong Kong dollars, a tax of 5670 million Hong Kong dollars, and a final profit of 5.103 million Hong Kong dollars.

However, it is true that there are so many taxes to be paid, but the taxes will not be paid immediately. The 5670 million Hong Kong dollars in taxes that need to be paid will be placed in Yum!

As for the 5.103 million Hong Kong dollars that can be used freely, they are distributed to companies such as Galaxy Games.Star Cinema received 1.5 million Hong Kong dollars, Jupiter Toys received 2000 million Hong Kong dollars, Asia Television received 5000 million Hong Kong dollars, and the rest went to Galaxy Games.

The 1.5 million Hong Kong dollars of Star Cinemas is enough to pull up a theater chain all over Hong Kong. This is because the cinemas of Star Cinemas are multiplex theaters with many screens, and the theater area will be larger than other cinemas. It doesn't cost that much.

The shares repurchased by Hutchison Whampoa were also sold. The 1700 million shares were sold for a total of 4.1 million Hong Kong dollars, with a profit of 3.1 million Hong Kong dollars, and 1000 million shares in the company.However, the tax here will be deducted from the company's investment in the year at the end of the year. If the calculation shows that the profit this year is only 1 million Hong Kong dollars or 2 million Hong Kong dollars, then only the tax on this part of the profit needs to be paid.

For the 4.1 million Hong Kong dollars recovered by Hutchison Whampoa, Lin Baicheng asked Niu Bijian to invest in the real estate industry and retail industry. For the time being, we will only rent and not sell. In this way, the profit will be limited, and the company will not make much money in the year, so naturally it will not have to pay too much tax.

This time when he came to Yum Securities, in addition to approving the transfer of more than 6 million Hong Kong dollars in the cost and profit of stock trading, Lin Baicheng also wanted to know about the establishment of the fund.

During the two days of the weekend, An Yuan had already found out clearly.

Before his rebirth, Lin Baicheng also bought a fund for two years. Although he didn't make any money, he still knew the limitations of the fund at that time.

In the afternoon, Lin Baicheng came to Yum Securities.

The Hutchison Whampoa shares bought with 20 million Hong Kong dollars raised from Galaxy Games and other companies were all sold in the morning. Although they started selling after the stock price exceeded 24 Hong Kong dollars, because the stock price rose relatively quickly later, Therefore, the average selling price is 2780 Hong Kong dollars, and 6.672 million shares were sold for a total of 6.67 million Hong Kong dollars, which is about [-] million Hong Kong dollars after deducting the handling fee.

Generally speaking, stock trading and futures trading do not need to pay taxes, and only need to pay a certain handling fee.

However, once you make money through the stock and futures markets, you have to pay profit tax, which is the same as the tax you need to pay for corporate profits, and the tax you need to pay for financial investment is even higher than the tax you need to pay for normal business operations. be taller.

On the Hong Kong side, the income tax to be paid on financial investment profits is 10%. Although it is not a lot, it is much less than that in the United States.

That is to say, this time the stock was sold for a total of 6.67 million Hong Kong dollars, with a cost of 1 million Hong Kong dollars, a profit of 5.67 million Hong Kong dollars, a tax of 5670 million Hong Kong dollars, and a final profit of 5.103 million Hong Kong dollars.

However, it is true that there are so many taxes to be paid, but the taxes will not be paid immediately. The 5670 million Hong Kong dollars in taxes that need to be paid will be placed in Yum!

As for the 5.103 million Hong Kong dollars that can be used freely, they are distributed to companies such as Galaxy Games.Star Cinema received 1.5 million Hong Kong dollars, Jupiter Toys received 2000 million Hong Kong dollars, Asia Television received 5000 million Hong Kong dollars, and the rest went to Galaxy Games.

The 1.5 million Hong Kong dollars of Star Cinemas is enough to pull up a theater chain all over Hong Kong. This is because the cinemas of Star Cinemas are multiplex theaters with many screens, and the theater area will be larger than other cinemas. It doesn't cost that much.

The shares repurchased by Hutchison Whampoa were also sold. The 1700 million shares were sold for a total of 4.1 million Hong Kong dollars, with a profit of 3.1 million Hong Kong dollars, and 1000 million shares in the company.However, the tax here will be deducted from the company's investment in the year at the end of the year. If the calculation shows that the profit this year is only 1 million Hong Kong dollars or 2 million Hong Kong dollars, then only the tax on this part of the profit needs to be paid.

For the 4.1 million Hong Kong dollars recovered by Hutchison Whampoa, Lin Baicheng asked Niu Bijian to invest in the real estate industry and retail industry. For the time being, we will only rent and not sell. In this way, the profit will be limited, and the company will not make much money in the year, so naturally it will not have to pay too much tax.

This time when he came to Yum Securities, in addition to approving the transfer of more than 6 million Hong Kong dollars in the cost and profit of stock trading, Lin Baicheng also wanted to know about the establishment of the fund.

During the two days of the weekend, An Yuan had already found out clearly.

Before his rebirth, Lin Baicheng also bought a fund for two years. Although he didn't make any money, he still knew the limitations of the fund at that time.In the afternoon, Lin Baicheng came to Yum Securities.

The Hutchison Whampoa shares bought with 20 million Hong Kong dollars raised from Galaxy Games and other companies were all sold in the morning. Although they started selling after the stock price exceeded 24 Hong Kong dollars, because the stock price rose relatively quickly later, Therefore, the average selling price is 2780 Hong Kong dollars, and 6.672 million shares were sold for a total of 6.67 million Hong Kong dollars, which is about [-] million Hong Kong dollars after deducting the handling fee.

Generally speaking, stock trading and futures trading do not need to pay taxes, and only need to pay a certain handling fee.

However, once you make money through the stock and futures markets, you have to pay profit tax, which is the same as the tax on corporate profits, and the tax to be paid on financial investment is even higher than the tax to be paid on normal business operations be taller.

On the Hong Kong side, the income tax to be paid on financial investment profits is 10%. Although it is not a lot, it is much less than that in the United States.

That is to say, this time the stock was sold for a total of 6.67 million Hong Kong dollars, with a cost of 1 million Hong Kong dollars, a profit of 5.67 million Hong Kong dollars, a tax of 5670 million Hong Kong dollars, and a final profit of 5.103 million Hong Kong dollars.

However, it is true that there are so many taxes to be paid, but the taxes will not be paid immediately. The 5670 million Hong Kong dollars in taxes that need to be paid will be placed in Yum!

As for the 5.103 million Hong Kong dollars that can be used freely, they are distributed to companies such as Galaxy Games.Star Cinema received 1.5 million Hong Kong dollars, Jupiter Toys received 2000 million Hong Kong dollars, Asia Television received 5000 million Hong Kong dollars, and the rest went to Galaxy Games.

The 1.5 million Hong Kong dollars of Star Cinemas is enough to pull up a theater chain all over Hong Kong. This is because the cinemas of Star Cinemas are multiplex theaters with many screens, and the theater area will be larger than other cinemas. It doesn't cost that much.

(End of this chapter)