Rebirth 79: I opened a bank in the United States

Chapter 328 Exaggerated Tax Rates

IPO, listing, is a term that many people often hear but seems far away from ordinary people.

The earliest idea to list HT came from Rogers. At that time, in Carter’s mind, although the IPO was not sacred, it also felt very high-end.
It seems that it is not something that a country boss like himself should play!
But after Rogers' narration and step-by-step implementation, Carter suddenly felt that this thing was not as magical as imagined.

The so-called IPO, that is, initial public offering, simply put it is the first time to issue the company's stock in the open market.When this step is achieved, the so-called IPO is completed, and the company is successfully listed!

As for internal and external IPO teams, there is actually only one core purpose.Then think of various ways to legally and compliantly list the stock of this company on the open market and sell it!In more detail, the division of labor is:

Internal legal affairs are mainly to adjust the company structure, transforming a limited liability company into a joint stock company, so that you have the basis for issuing stocks; external legal affairs are mainly hired by investment banks and capitals, and come to HT to do due diligence to ensure that they invest in you ht, or to help you go public, the company itself does not have any legal risks.
Otherwise, after the real money is poured in, halfway through the listing, or just after the listing, your company itself will be exposed to violations of laws and regulations, so what's the deal? !

Not to mention eating dividends from rising stock prices, it will definitely cost you nothing left
The financial aspect is similar to the legal affairs. In the IPO preparation stage, the internal financial personnel mainly cooperate with tax lawyers and combine the business content of the company to formulate a legal but unethical tax algorithm and tax reporting system to reduce tax costs as much as possible; Develop a system of financial oversight that satisfies everyone.

After all, in the llc period, as long as the financial work is done to the satisfaction of the boss, the work can be done perfectly!But in a listed company, there are a lot of shareholders in a mess, and everyone can be called the boss.Serving one boss or a few bosses is the same as serving thousands of bosses at once? !
Not only does the internal financial supervision system have to cater to everyone’s wishes, but in the normal operation of a listed company, it is also indispensable to hire a third-party financial audit agency to complete the financial quarterly and annual audit work, and issue a credible financial report to accept market supervision.Give all investors an answer and explanation!

It's just in the preparation stage, the main job of external financial personnel is due diligence!
This due diligence is different from the competition that Carter said before. The competition in Carter’s mouth is the investigation of competing products/competitors, but the current due diligence is due diligence.
Before capital invests in you, they need to make sure that everything you describe is true; the revenue you described is not falsified, etc.

Only when the authenticity of the basic information is ensured, will there be any possibility of the following
Looking at the calendar on the dial of the watch, the time has already entered the middle of March.

It has been more than half a month since he came to Memphis. After sending away the lawyers and accountants hired by the investment banks to do due diligence, Carter heaved a sigh of relief and leaned back in his chair.

"It can be regarded as sending away these ancestors!"

"Hehe, have you felt the hard work of our front-line workers? No, drink some water!"

Thinking of how during this period of time, HT was picked on by those outside accountants and lawyers in various ways, and then Carter had to quickly direct and arrange the scene of rectification.Anna can't help being a little amused while feeling lingering fears about the censorship
In particular, Carter's performance during this period of time is really not good, and he is not familiar with the various departments of ht.Not to mention the jokes made in the adjustment of specific business arrangements, in the first two days, this guy often found the wrong office!

With the adjustment of the company's organizational structure, the original office layout will naturally follow suit.Therefore, in the past half month, HT went up and down like chickens and dogs, moving things, looking for files, looking for files.
From the establishment of the company to the present, there has never been such a lively time!
"Our HT is actually pretty good! The product sales volume is high and the revenue is stable. The average daily revenue of a single store is 730 US dollars, and 36500 stores are 110. The monthly revenue is close to [-] million US dollars."

Passing the mineral water in her hand to Carter, Anna happily tried to distract Carter's attention with the beautiful revenue data: You can't just look at the tiredness without looking at the income, right? !
With such a high revenue, it would be too late for ordinary people to enjoy it?Still complaining about being tired? !
"Damn, don't mention it. I guess those accountants are reviewing and scolding: 'Your finances are a ghost, and you're still listed, you're a ghost'."

Carter waved his hand feebly, showing no interest in the revenue situation in front of him.Because since HT was reorganized into Inc, the money has nothing to do with Carter.

The money earned by the company cannot be used as freely as before.If you want to share dividends, you have to deduct a large amount of tax.
"Oh, that's right! And that damn tax! It would be great when the tax can be reduced, the current tax rate is too exaggerated!"

Thinking of the tax issue, Carter's head became more and more painful.Previously, I was a little too optimistic about the tax cost forecast.Like the 28% capital gains tax
After spending some time with these accountants and auditors, Carter reluctantly understood one thing.That is, the 28% capital gains tax rate is just a starting point, that is to say, this 28% is only the minimum tax rate of capital gains tax!
不光如此，企业所得税按照税法规定：年入22.5万美元以下的公司，税率为17%；22.5万至50万美元的公司，税率为20%；50万以上.
The highest corporate income tax rate easily breaks through more than 45%, which is simply terrible!
And when Carter was stunned by the exaggerated corporate income tax rate, a tax accountant from Deloitte shrugged disdainfully:

"What is this? The highest rate in history has been 80%! But it should be legal tax avoidance. If the Federal Taxation Bureau doesn't charge it like this, how can we still have jobs?"

So if you don't do anything, based on the monthly revenue of 110 million, the annual profit will be 1320 million, if you don't try to avoid taxes.Then, according to the current tax law of the United States, just one corporate income tax will cost you 607 million yuan!
If there is a wave of capital gains tax deducted in dividends; another wave of personal income tax
Obviously he can grab it directly, but he insists on issuing you a tax bill.
Harmful!
"What's the use of yelling here? If you have the ability, go to Washington, and yell on the lawn in front of the White House!"

A loveless expression hangs on Carter's face, and Anna's brows are tightly frowned:
"Hurry up, let's calculate how much we can save by filing taxes according to the new tax algorithm."

"Then do you figure it out? How much can the cost offset be discounted at most? You have to check the federal tax code and the state tax code one by one. I feel overwhelmed by so many proper nouns!"

It's not that Carter hasn't tried to struggle, but the US tax law is really not something that ordinary people can read!
"It's not counting, it's up to you!"

"Oh, who asked you to calculate that, can't you calculate the basics first?! Labor wages, activity costs, marketing costs, R&D costs. Let's calculate these based on the actual amount first, so that we can have a bottom line in our hearts. Then If the tax is reduced, it will feel like making money!"

(End of this chapter)