Chapter 20: Strange Caller
After talking with Alvertley, how to reasonably and legally avoid personal income in the United States after tax avoidance.
What should be discussed next is how to reasonably and legally allow companies to avoid taxes in the United States.
Although corporate tax in the United States is lower than personal tax, the maximum is only 35%.
But this is already very exaggerated.
35% of the company's taxes, and as long as the owner is an American, even the company's income abroad will still be taxed.
You should know that some other powerful countries in the world have very low corporate taxes.
For example, in China, the tax revenue of companies is generally around 20%.
Another powerful country, Britain, which is also one of the five major gangsters, is only more than 20%.
Even the governments, from the prime minister to the parliamentarians, are clamoring to reduce the tax to below 20% by 2022, with the ultimate goal of about 15%.
The same is true for personal taxation.
This instantly made their capital, London, the most popular city in the world among the rich.
Only the top large flat-floor apartments in Hyde Park will suddenly become the most expensive top-level apartment in the world.
Because the rich have chosen to immigrate to the UK, and immigrate to the UK is the easiest thing for the rich.
You only need to invest about 10 million pounds in the UK, stay in the UK for more than 185 days a year, and you will automatically become a British person in a few years.
Alvert said that the way companies avoid taxes is actually much simpler than that of individuals.
If you are a little bit unintentional and are not afraid of public opinion and the government, you can just do an offshore company.
If you are worried about public opinion and the government causing trouble, then you can get a "sandwich tax avoidance" package that transfers profits.
The former can even achieve zero corporate tax, but it is very troublesome and will enter the eyes of governments of various countries. Moreover, the funds can only be free from international taxes in the future.
Although the latter also requires tax payment, it is very low, usually around 10% to 15%.
And it is reasonable and legal, so that people cannot find fault.
Almost all major multinational companies today, such as Microsoft Group, Google Group, and Apple, use the latter.
Simply put, the former method is to exploit loopholes and shamelessness. Although there is no need to pay taxes and governments in various countries can't do anything about you, companies will be on the potential blacklist.
Small businesses won’t do anything, and large businesses can’t do that.
Although the latter also evades taxes, it is reasonable and legal, and there is no problem at all.
If you want to blame, you blame your taxes for being too harsh. What’s wrong with people evading taxes reasonably and legally?
But this is simple to say, but it is also very complicated to actually operate.
Abel just listened to the beginning.
I don't want to listen anymore.
When I was just an ordinary person, I didn’t have to take care of so much.
If you go to work honestly every month, the company will naturally deduct five insurances and one fund and taxes from its salary.
Now that I have become a rich man, I know that it is difficult for a rich man. If I don’t want to go to jail, I need to fight wits and courage with the extremely complex tax departments of governments around the world.
This is probably the trouble of rich people!!
I really envy those heroic novel protagonists, I don’t have to worry about anything and don’t have to pay taxes.
How to squander, how to make it feel good.
Not like myself, I still need to think about so much.
After sighing, Abel waved his hand to stop Alvertley's continued narration.
Now there are still several months before the tax filing, and my income is also increasing.
Now you just need to wait for how to operate it, and the specific operation needs to be discussed later.
Anyway, rich people can do whatever they want.
Although this aspect is very complicated, as long as you spend a lot of money, there will naturally be the most elite legal team and accounting team in the United States and even the world to help him study and solve this problem.
The poor do not need to consider these issues. Rich people only need to spend money to ask the poor to solve these problems.
This is the difference between the two.
Alvertley left the office to do some follow-up work on Blue Star's future.
If Bluestar's future technology is proven, Oasis investment needs to have appropriate responses.
In the chairman's office of more than 100 square meters, Abel was left at once.
"call……"
Abel rubbed his forehead.
Leave all the problems that need to be troubled for the time being.
He came to the huge floor-to-ceiling window and admired the vegetation and trees on the lush Stanford Mountain in the distance.
The famous Stanford University is on the mountain in the distance.
Stanford University's ranking and strength are far above UCL and the University of California.
But this has nothing to do with him.
Since his time travel, he has never returned to UCLU.
When he is rich enough and has a great influence, what if he drops out of school?
Bill Gates dropped out of Harvard University and is not an outstanding alumnus of Harvard University yet?
Only ordinary people need to consider this issue.
After enjoying the beautiful scenery of Stanford Mountain for a while, Abel sat back on the leather boss chair.
This chair is one of the most famous furniture brands in the United States, and is a product of Lexington Furniture. The Lexington Furniture brand is famous for its innovative design, excellent product quality and durability. It is hand-made and produced by factory assembly lines.
Abel used naturally the most expensive hand-made ones. Such a chair, plus the sofa, desk and chairs in the office, were all hand-made.
Price is $200,000.
hiss!
So expensive!
But it's worth the money, the feel and quality are really good, and there's no odor at all.
When he bought it, Abel was just a rich man, thinking about how expensive it would be.
Of course, no matter how rich he is, he just uses these hand-sewn furniture in his office.
Outside the office, employees and even the offices of Alvertley and Rana use ordinary Lexington Furniture.
Now, after communicating with Alvertley in this way, the tax details of the United States.
I found that buying such an expensive office desk and chair is actually beneficial.
This can also be considered to offset some of the company's taxes and can be considered as the company's operating costs.
Having said that, according to the tax laws of the Federal Taxation Bureau and the tax laws of California, the Ferrari F12 sports car I bought can actually be counted as the tax exemption limit.
The so-called tax exemption amount is for example: for example, Abel earned 200 million US dollars this year and has to pay 45% of personal income tax according to the tax law. If calculated in two months, it will be as high as 90 million.
But if there is a tax exemption, then the money spent on personal consumption this year will not be included in the tax liability.
He spent 100 million yuan, and that was only 100 million yuan to calculate taxes, and he only had to pay 45 million US dollars in taxes.
This is the tax exemption amount.
Of course, there are many restrictions on the tax exemption limit. According to California law, buying a house and luxury house is sometimes not included in the tax exemption limit.
And there is a limit, and the maximum seems to be only 200 million US dollars.
Others still require full tax payment.
Reasonable and legal tax avoidance must be put on the agenda.
This is a random thought.
Suddenly, the cell phone in my pocket rang.
Abel picked it up and looked at it.
An unknown number in the Los Angeles area.
Abel answered the phone curiously.
"Hello, hello?"
Chapter completed!