American Ranch

Chapter 293 Tax Avoidance 【Please subscribe, please subscribe】

Tackle something at the ranch today.

The valley ranch is completely privately owned by Chen Mo.There are some documents issued by the local government, as well as the financial affairs of the ranch, many of which must be signed by Chen Mo himself...

Among them, the most cumbersome documents are the documents from the livestock farm. To register the identities of cattle and sheep, signatures must be signed.

Then there is the issue of tax avoidance.

Normal people will consider the issue of tax avoidance, after all, money is not brought by strong winds.

There are more than 21 billion in Chen Mo's account. It seems easy to earn this money... But the pressure he endured during the process, he has never been in that environment, so he won't have a deep understanding.

In the past few months, Ellie has lost more than ten pounds.She was not heavy at first, but now she is in her early eighty jins.Chen Mo has also lost a lot of weight... especially because of his inner torment, he suffered from insomnia countless times at night.

……

"Oh, God...how do you have so much money?" Wells Fargo Bank, Chen Mo opened his personal account through an encrypted computer, and Cohen counted the two sides carefully, the 12-digit deposit, and his scalp suddenly went numb.

Now Cohen is already a senior executive of Wells Fargo Bank, and he has contacted a lot of rich people. It's not that he has never been in touch with a 12-digit account, but this is the first time he has seen a 12-digit private account, and this person is still his old friend...

"How did the money in the account come from?" Cohen's scalp was numb.

Cohen was the bank manager, but he did not have access to customer accounts.

Chen Mo found Cohen and asked Cohen to help him formulate a tax avoidance strategy, so that the taxes paid this year...personal tax shall not exceed 100 million, and ranch tax shall not exceed 500 million.Cohen must first understand one thing, the origin of the money...

"London gold. The money I borrowed before was used to speculate in gold. For the 21 billion, I keep all the sources of income proof..." Chen Mo took out the USB flash drive.

Cohen called an accounting team, asked them to sign a non-disclosure agreement, and then paid Chen Mo an account.

After confirming the source of funds, Cohen waved the staff to leave: "Oh my God, you are stealing money, even worse than stealing money. It turned out to be, it has been in the market since May..."

Cohen is engaged in finance, and has become a senior executive of Wells Fargo Bank.Judging from the capital movement just now, Chen Mo and the others entered the market in May, and then they were bullish on gold... But there was a big twist in the middle, the Fed suddenly announced an interest rate hike, which caused the price of gold to plummet.

Chen Mo smiled...

Cohen pinched his temples, his mind was still thinking about the flow of funds in and out of the gold spot account just now...

"Genius." After a long while, Cohen let out a long breath: "Is your genius little girlfriend in charge of trading?"

Chen Mo shrugged: "Yes."

"Although there are big flaws in the capital operation." Cohen combined the economic trend during that time and the internal information of their bank: "But... your girlfriend has perfect control over the general direction, she is indeed a genius. And Courage and guts, and greed...that's a lot."

"Don't talk about that, I came to you to ask you to avoid taxes for me."

"Tax avoidance is very simple, just use the tax avoidance ball routine, can you let your girlfriend come to the bank to work for me for a while? Now the financial crisis, there are huge business opportunities, I think..."

"Don't think about it." Chen Mo has a headache, there is 21 billion, and Chen Mo is 'not interested' in money, this market does contain a lot of business opportunities, so what, no interest: "Ellie has no plans to come out to work. Quickly come up with a tax avoidance plan for me..."

"Okay, okay. Tax avoidance is actually very simple. The first is the tax avoidance ball routine. Buy money into stock options. When you need money, you mortgage these stock options to the bank for loans, mainly to avoid capital gains tax. You can do this by yourself, or you can leave it to our bank. If you do it yourself, you may make a profit or lose money. Our bank has a cooperation with Chase Bank, and we can open a private bank account to manage your money..."

"Is there any risk? What are the benefits?" Chen Mo asked.

"It depends on the funds you invest and the contract you are willing to sign with our bank. By the way, the starting point for private banking is 1000 million dollars... the contract you are willing to sign..." Cohen said and left the VIP room, and went out for a few minutes Take out a bunch of information in minutes...

The higher the risk, the higher the return.

The lower the risk, the lower the return.

No risk... As long as the bank does not go bankrupt, there is no risk. It is equivalent to a long-term fixed deposit, but the content of the contract is not a deposit, but an investment fund business with a fixed rate of return.

As long as the bank does not go bankrupt, the investment is stable.

The "tax avoidance ball routine" is to kick the "income money" like a ball. This is a common tax avoidance routine for big dogs.Banks also provide similar services, which are used to purchase an 'absolutely' safe product, and the money cannot be withdrawn within the specified period, but when money is needed, the purchased 'product' can be used to mortgage the same amount in the bank money...

But the income of the product is definitely not as high as the interest rate of the loan.

"This business is good. But the interest rate is too low." Chen Mo frowned when he saw that the annual income was only a fixed [-]%.

"This is a small household. The main purpose of this business is to avoid taxes for high-income groups."

The yield of [-]% is a little bit higher than that of US treasury bonds.

With a flattering smile on his face, Cohen lit a cigar for Chen Mo, took out a lighter and lit it for Chen Mo: "You are a big family. If the investment reaches 1 million, the annual income can reach 5.00% for you. If you invest two [-] million, [-]%...Stacked in sequence, at most, it can achieve an annual return of [-]% for you. This is equivalent to a disguised deposit, and it can't be lower than the loan interest."

really……

Chen Mo has good credit in the bank, as well as personal assets...

Last year, the U.S. economy was good. Chen Mo relied on personal credit loans, although the amount was not large, but the interest he could get was 5.00% point six.This is on the premise that Chen Mo doesn't have any bank loans... When his personal credit is used up, Chen Mo needs assets as collateral to find a bank loan.Look at the collateral and the loan amount, the minimum is a few percent.

During the financial crisis, for example, Chen Mo's latest loan, the interest rate reached [-]%.

Finding a bank loan is also the same. The higher the risk, the higher the interest, and it is under the condition of asset mortgage.

"Is the interest paid annually, monthly, or daily?" Chen Mo rubbed his chin, thinking, and asked.

"It depends on what you want. You can pay interest on an annual basis, a monthly basis, or on a daily basis... But you must know that the money purchased for the 'product' is in a frozen state, and you cannot withdraw it before the deadline This money can’t be used either. If you need a large amount of money, you can only borrow money from the bank... The loan interest, calculated according to the real-time high-quality customer loan interest, should be around [-]%. You buy the 'product' The main purpose is to avoid tax... ",

First of all, know that tax avoidance is legal.

Tax evasion is illegal.

Tax avoidance does not mean not paying taxes.Strictly speaking, this way is just taking advantage of the loopholes in the rules to delay the tax payment time... As for whether to pay taxes in the end... Delaying for a while is fun, and delaying is always fun.

How to operate it, the bank will arrange it clearly...

(End of this chapter)