It is estimated that Peng Lizhi was reminded by Xia Dingji that his attitude of "doing against" was obviously restrained, but he was not so "behaved". He turned to Nicholas Cardo to ask for advice on the tax system issues, which is equivalent to passive slack work.

It's right.

Sir Gao is still very elegant and doesn't care much about this, because in his eyes, Peng Lizhi is not completely "off-topic". The tax system can also be regarded as an entry point for solving the economic problems of Xiangjiang. Gao Xian also pays attention to this.

field.

Xiangjiang is an economy with relatively light tax burden. With the continuous popularization of social welfare in Xiangjiang, the expenses of the government have also increased accordingly. Auction official land is indeed an immediate source of wealth, but land resources are limited after all, and they are increasingly dependent on them.

Real estate is by no means a good thing for Xiangjiang's long-term development.

Nicholas Cardo was an economic adviser to the British Labor Party's official in the 1960s, and also provided economic advice to several other countries, including India. The implementation of the proposal is reflected in the tax system.

Of course, Nicholas Cardo was an economic expert invited by Sir Gao to use resources. Peng Lizhi could not take advantage of it in vain, and his activities could not escape Gao Xian's eyes and ears.

The subordinates reported to Gao Xian that the recent conversation between Peng Lizhi and Nicholas Cardo is related to the consumption tax.

Gao Xian was so happy when he heard this. Peng Lizhi was quite ambitious.

As the name suggests, consumption tax is to impose taxes on consumers' consumption behavior, but in practice, it is too difficult to directly impose taxes on countless consumers, so the tax target falls on wholesalers and retailers who sell products or services, such as

A leader in retail in Xiangjiang like Jindong Supermarket, a subsidiary of Gaoxing Group.

Among the "old scripts", the most famous economy that implements consumption tax is the one that is the same as China. For example, in 2019, it increased the consumption tax to 10%.

However, in this era, consumption tax still has a way to go before it is implemented. For example, because the politics has been replaced by the banker, and the interests involved are very wide, the consumption tax has not begun to be implemented.

With Gao Xian’s current level, his vision is definitely not limited to the scope of commercial interests. In his opinion, it would be beneficial for Peng Lizhi to successfully implement consumption tax in Xiangjiang during his tenure as the Finance Department. At least Gao’s Consortium

Will not firmly object.

However, vested interests are not so easy to deal with. Gao Xian wants to participate in Xiangjiang's monetary policy, and he works hard to unite the faction and fight against the faction. Peng Lizhi wants to make the implementation of consumption tax his own political achievement, which is not easy.

After putting the quick browsing notepad into the "drawer", Gao Xian ordered: "Don't disturb Peng Lizhi, let him be busy."

At this time, Arthur Burns came over and said apologetically: "Sir Gao, I have to end the schedule of Hong Kong in advance. The term of the US ambassador to Germany has ended, and President Li Gen hopes that I will take over the office."

Arthur Burns was born in Austria, which is both German-speaking regions, as well as Luxembourg, Germany, Switzerland and Luxembourg. At the age of ten, he immigrated to the United States with his parents.

At this stage, West Germany has strong economic strength and is known as the engine of Europe, which makes the United States re-examine its relationship with this "little brother". Arthur Burns, who has a strong qualification, was elected as the United States in West Germany by President Li Gen.

Ambassador, he has thought it through carefully.

But in this way, among the American economic experts, Arthur Burns had to say goodbye in advance, and Alan Greenspan had to give half of his attention to the part-time job in the White House to find solutions to the current US social security crisis.

The only person who really concentrates on serving is Roger Myerson.

But Gao Xian didn't really mind because Arthur Burns went to West Germany to be an ambassador, and this connection could be used by himself.

So Gao Xian said generously, "It's okay, this is a big deal. Your appointment is in a hurry, I'll make arrangements."

Seeing that Sir Gao was still busy so enthusiastically, the old man was a little disgusted. Before leaving, in addition to instructing the two disciples who stayed to do their work seriously, he also left the signature on the report in advance.

...

After Arthur Burns left Hong Kong early, the work of the Hong Kong dollar exchange rate review committee was not actually affected, because most of the work progress has been completed, and the so-called argument was carried out under the framework of Gaoxian's improved currency issuance bureau system.

of.

In this way, the final work results of the Hong Kong Dollar Exchange Rate Review Committee were released step by step according to the original plan, referred to as the "Gao String Report" to show their tribute to Sir Gao.

It is worth mentioning that in the "Gaoxian Report", there is a more specific practical operational rule design regarding the "internal exchange rate" between the Xiangjiang Foreign Exchange Fund and the issuing Bank.

Specifically, this "internal exchange rate" is not simply linked with the US dollar, but based on the main trading partners of Hong Kong, it makes full use of game theory and sets up a "small basket". In addition to the US dollar, it also includes the British pound and West Demark.

, the yen, then weighs an internal exchange rate and is reviewed every two weeks.

As for the entire US dollar in the foreign exchange fund, when will it be replaced with a multi-currency combination corresponding to the "small basket", that is the future, and it is unrealistic to operate now.

In fact, according to the current trade trend, the mainland will soon become Xiangjiang's largest trading partner, but the international status of the RMB is not high at this stage, so it will not be considered for the time being.

Although the pound's status is far inferior to that of the Hong Kong dollar and the pound in terms of the trade-offs set by the "internal exchange rate", two British economists, Roland Bahrain and Nicholas Cardo, have made positive comments.

After the official release of the "High String Report", the Hong Kong Dollar Exchange Rate Review Committee did not dissolve on the spot as the mission was completed, but was largely transformed into the Foreign Exchange Fund Advisory Committee to provide guidance for foreign exchange funds.

At this stage, the Hong Kong government's unified management of financial affairs in Hong Kong is achieved by establishing a Financial Management Section under the Administration of the Administration, and the Financial Management Section includes a Financial Policy Group, Bank Supervision Office, Foreign Exchange Fund Group, and Foreign Exchange Fund Management Department.

wait,

The Foreign Exchange Fund Advisory Committee, established based on the Hong Kong Dollar Exchange Rate Review Committee, is affiliated to the Financial Management Section.

Given that Swire Group "exports" high-end talents like Peng Lizhi to the Xiangjiang political arena, Gao Xian vigorously promoted Chen Zuze, general manager of the bank who had served as a civil servant in the Hong Kong government for a long time, in order to ensure the current reality.

The operational results are favorable to banks. Standard Chartered Bank uses the "internal exchange rate" of one dollar to six Hong Kong dollars as its monetary policy goal, and has piloted the improved currency issuance bureau system.

If Sir Gao really screams, he is not a vegetarian. Finally, before Xia Dingji stepped down as the Finance Department and Peng Lizhi took over the Finance Department, Chen Zuze successfully served as the first chairman of the Foreign Exchange Fund Advisory Committee.

"Zuze, in addition to being beneficial to the bank, there is another heavy burden on your shoulders." Gao Xianyu said earnestly.

"I will do my best to protect my boss's brainstorm." Chen Zuze said seriously: "I also firmly believe that this is the cornerstone of Xiangjiang Finance."

"It's still the initial stage, so we don't need to rush, just keep the bottom line and advance step by step." Gao Xian's eyes shone with a sharp light, "Remember, the opportunities in the next few years will be with us."

...
Chapter completed!