These shareholders of the Seven Major Casinos began to quietly trample on some of the rules left by Du Lin. Their purpose was to complete the equity integration of the Seven Major Casinos without Du Lin's knowledge.
In order to resist the penetration of large consortiums into Otis City, Dulin formulated the entire Otis City game system with two rules: tokens and cross-shareholdings as the core. Among them, the core system of tokens is controlled by himself, which is equivalent to him pinching the neck of the seven major casinos in Otis City, leaving behind countermeasures.
Another cross-shareholding rule is to completely break up the shares of the seven major casinos and distribute them to individuals, and then conduct cross-shareholding again.
From a purely statistical point of view, each casino has at least three shareholders for every 2.5% of its shares... This is a frightening number, but it is also very effective in resisting the influence of consortium forces on Otis. Capital intrusion into the city. If they want to absorb the shares of any casino, dozens, hundreds or even more people will be involved. As long as there is one person here who is not of the same mind as them, the acquisition plan will be difficult to complete.
This is not a very clever trick, but it is very effective, especially in the early stages of implementation, when Dulin was still in Otis City, and these shareholders strictly implemented Dulin's standards. Privately, financial groups and capital forces contacted them, but gave up after learning about this stubborn cross-shareholding system.
They couldn't get the casino shares in their hands without alerting Du Lin, avoiding Du Lin's counterattack, because they simply couldn't convince everyone to move towards them. Maybe there are two people in the 2.5% of the shares moving towards them, but if one person doesn't do that, they have to give up the 2.5% of the shares and find the next one. Maybe they can find shareholders who are all willing to sell their shares, but it's likely they'll only get a share that's almost worthless.
These two systems ensure that Otis City will always implement Dulin's standards and not go off track, so some people say that Dulin is the real ruler of Otis City and the "king" here.
In the post-Dulin era after Dulin left, his influence on Otis City inevitably declined. How could these shareholders who pursue maximizing profits sit still? The token companies put pressure on them and restricted their profits. At the same time, the special taxes set according to the upper limit took away too much of the casino's turnover, which made them extremely dissatisfied.
You know, the casino tax is 90%, which is simply terrifyingly high!
Du Lin will take away 1% of the remaining profits. This 1% is still pure profit, because various operating costs and various damage expenses must be deducted from the remaining profits. Of course, there are also remaining profits. Sufficient net profits were placed at the disposal of shareholders.
But this is not enough!
They create mountains of gold every month, and only a few gold bricks are left for them in the end. They will not be satisfied, and they also want to get more profits. After all, what the imperial tax collector takes away is what they created. The wealth originally belonged to them and flowed in their blood.
Some unwilling shareholders plan to trample on the existing rules and change the way the game is played in Otis City. The first thing they need to face is Dulin's two steel forks.
They chose a breakthrough direction - one must be destroyed first, and they chose cross-shareholding.
The biggest problem they face at this stage is that they cannot integrate the resources of the seven major casinos and exert their true power as shareholders. This is why Dulin can leave with confidence. As long as there are still people who choose to wait and see, there will be no way for them to unify. The dispersed and cross-held equity limits the power of all shareholders. The only way to change this situation is to let a certain person or company hold more than 100% of the shares. Fifty-three or more shares, thus using absolute control and advantages to tear through the many barriers left by Du Lin.
This involves more exchanges of interests. They have made a decision to own more than 53% of the seven major shares through a third-party holding company, and then use this company as a proxy to negotiate with the Otis City Hall. Talk and change the status quo.
The idea is good. If the accountant hadn't jumped off the building, they might have actually completed the equity integration in a secretive manner, but now, there is some trouble.
Because Du Lin is very likely to have paid attention to this.
Not to mention that these people started wiping the ass of that damn and dead son of a bitch accountant, and three days later Maggs suddenly gave a public speech.
From the empire into the new era, he talked about the current rising national power, like a concluding speech about the thirty years of the new era. At the end of the speech, he suddenly talked about the issue of taxation.
"Five years ago, the empire's annual fiscal revenue was less than one billion stars, of which tax revenue was less than a quarter. In some special years, our empire's tax revenue was less than 100 million stars! I I’m not sure what’s going on, why some cities in the empire pay a shocking amount of less than 100,000 yuan a year.”
Facing the silent audience, Magus smiled, just like the demeanor he had always maintained, very relaxed, very simple, not so complicated, "The empire has entered a period of rapid development, our foundation Construction and economic development are flying on an amazing road, but our fiscal revenue is limiting the development speed of the entire empire. I have a table here, a ten-year table of imperial fiscal revenue and federal fiscal revenue. It doesn’t take much complicated calculations to see clearly that we are far behind federal revenue.”
"What restricts the growth of our fiscal revenue? Even today, the federation, which has experienced the financial tsunami and the defeat of the war and entered the Great Depression, is only a little behind us in terms of fiscal revenue." He pressed his hands on the podium. On both sides, the tall and straight figure gave the old man a magical power and temperament, "It's taxes!"
Facing the uproar of the audience, Magus was unmoved, "From the first day, I have adhered to the belief that we should make the empire the greatest country in the world, and that all citizens should be able to truly Feel the pride and honor of being part of the most powerful country in the world.”
"We have changed the decadent and backward political system of the past, we have reformed the system of military groups, we have made huge changes to the economic model of the entire society, and activated the power of the free market. We have made many, many changes to make this country We are moving forward towards the goal we all hope for.”
He raised his voice, "However, the reform is not over yet, and there are still many things that need to be changed. In the new era, there are too many decadent things that can no longer keep up with the times. We have never imagined that one day the whole world The connection will be so close. We have never imagined that we can communicate with people thousands of miles away with just one wire. Reforms in many aspects including system, military, science and technology, and culture have allowed us to achieve what we have today. The fruitful results also mean that our initial assumptions were correct! ”
"We have never stopped on the road to victory, and nothing can stop us from seizing victory, including taxes!"
A speech that shocked the entire empire!
(End of chapter)