Kirilenko returned to China to participate in a major event that made him appear, and Feng Yu, accompanied by Ralph, went to inspect his properties in North America. Ωヤkanjige free download 梎亅䶶哾 reading network メＷｗＷ．.kàn..ge．lA
Recently, both Ralph and Kameda Masao mentioned one thing to Feng Yu, that is, Amazon, Facebook, Guge, MGM and other subsidiaries all have an idea to set up a subsidiary in the "tax haven" Cayman Islands. company, and then transfer the profits and so on to avoid taxes reasonably.
Because of the large scale and impact involved, they were unable to move their company headquarters there. Many large multinational companies do this.
For example, Fengyu Holdings is registered here.
Amazon and others have calculated that this can save hundreds of millions of dollars in taxes every year, and even more in the future. Companies such as Microsoft and Coca-Cola do this.
If those companies can, why can't they? In particular, their overseas subsidiaries can be classified under the name of the Cayman Islands subsidiary, so that they can reasonably avoid taxes abroad.
Every country has different taxes on enterprises. In particular, there are differences in taxes between state-owned enterprises, private enterprises and foreign enterprises. The same is true for personal income.
To give a simple example, Pierce and Dayao of the Storm Team have completely different tax rates. Because Pierce is an American and enjoys more public benefits in the United States, his tax amount must be higher.
Dayao is from China. He just works in the United States and has to pay taxes to China, so the taxes here are relatively low.
The same is true for enterprises. Foreign enterprises must not pay the same tax amount as domestic enterprises. Otherwise, how can they guarantee profits if they pay double tax
I have no money to make, so I would be stupid to open a company with you.
If Amazon were not a listed company, the operation would be much simpler, the finances would not need to be disclosed, and many accounts would be easier to operate.
But they are listed companies, so these operations are more troublesome.
They hope to use the channels of parent company Fengyu Holdings to help them avoid taxes reasonably. In this way, the company's net profit will increase in disguise, and each shareholder will receive more money.
Feng Yu remembered that this method was banned in the United States in his previous life, especially for listed companies, and this could still be clearly detected.
This kind of thing happens not only in the United States, but also in many countries such as the United Kingdom.
For example, in the previous life, Facebook's subsidiary in the UK had an annual income of more than 100 million pounds. However, after transferring the profits to the Cayman Islands, the amount of tax paid by Facebook was only a few thousand pounds. Yes, it's a few thousand pounds, and an individual in the UK with an annual income of twenty-six thousand pounds pays more in tax than this.
For example, Microsoft also played this trick in China, but was later discovered and had to pay not only taxes, but also late payment fees and high fines.
The reason is that there are loopholes in this tax method. If you exploit it and no one discovers it, then it will be fine. If someone discovers it, it's probably fine if the amount is small. For a little money, there's no need to go through all the hard work of checking accounts or anything like that.
But if the amount is large, it is worth it. For example, Microsoft and Coca-Cola are often audited. Who makes them the big taxpayers
Amazon and Guge have also grown into large taxpayers and are still listed companies. It is too difficult to operate them.
Feng Yu also came to see how they wanted to operate this time. It's easy to say, but not easy to do.
Bezos introduced his plan to Feng Yu, which was the idea of the company's chief financial officer, who had previously worked at Coca-Cola.
But this approach is different from that used by Coca-Cola.
Because Amazon is not only a retail company, but also a cultural company, but most importantly, they are an Internet technology company.
Amazon also owns many patents, such as current cloud technology, and Amazon is the best in the world.
There are also some big data analyses, which are also very valuable.
Amazon's main consideration is the transfer pricing of intangible assets.
The intangible assets that Amazon wants to transfer are not trademarks, which cannot be transferred. What they want to transfer are patented technologies, intellectual property rights, trade secrets, etc.
Because these are intangible, they are difficult to price.
They simply allow subsidiaries or affiliated companies to obtain some technology or intellectual property through low-price licensing or outright sales, and then the subsidiaries license it to other companies for use and profit.
In this way, the company that originally developed the technology will not have such high profits, and the subsidiaries or affiliated companies can obtain the profits that originally belonged to the company that developed these technologies, but they can pay a lot less tax in the Cayman Islands, so not only It retains high profits, pays less taxes, and is still legal, although everyone knows that there must be something fishy in it.
This is why many large companies have many lawyers, not only to litigate issues that may arise between other partners, but also to provide legal support for tax avoidance and other matters to prove to me that these are legal trades and not tax evasion.
There is another simple way, that is, companies such as Amazon and Guge all have R&D centers. Technology R&D is one of their largest expenditure projects.
Placing these R&D centers in areas with higher corporate income tax rates will reduce corporate profits in the area due to high expenditures on technology research and development, and the amount of income tax that needs to be paid will naturally be reduced.
With revenue and expenses remaining unchanged, paying less taxes will naturally increase net profits.
However, all countries are now improving these legal provisions. Once detected, back taxes will still need to be paid. Of course Feng Yu would be happy to pay less taxes to the United States. He is not an American.
However, he also made it clear to Bezos and the others that these are all means of tax avoidance. When you operate them, you must be reasonable. In this way, if you are found out in the future, you will only need to pay back taxes and interest without facing any problems. Heavy fines.
Many times, the penalty can be more than the back taxes you need to pay.
When Bezos and others heard that Feng Yu agreed, they immediately arranged for people to implement it. Ralph also notified Guge Company and others to operate as they should, and the boss agreed.
Bezos and the others want to increase profits and give more money, but Feng Yu doesn't care how much money they get. He simply doesn't want to pay more taxes to the American government.
Feng Yu's companies in China didn't consider this at all. You can pay whatever taxes you want, and it doesn't matter if the taxes are high. Anyway, Feng Yu is not short of money, and no other shareholder will object to Feng Yu's decision.
After going around in a circle and returning to New York, Bloomberg, the boss of the New York Times, came to Feng Yu’s office to talk about a major event in the media industry.
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