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Chapter 408 Tax Haven

"Let us point out a simple fact. The Newfoundland fisheries are indeed the best fisheries in the world. Fishing alone will allow Newfoundland to return to its previous standard of living within a few years. Newfoundland's current debt problem will, in the long run,

Saying it was never a problem.”

"But even so, Newfoundland cannot rely solely on seasonal industry development such as fishing. There are many things that deserve more attention than fishing. Newfoundland's 440,000 square kilometers have vast coniferous areas.

Forest coverage, as long as we utilize a small part of it, we can get out of the current predicament faster."

"The reconstruction of Europe has begun, and the demand for various raw materials will surge. This is also an opportunity for Newfoundland. I can already see the future of Newfoundland. It is about to enter a stage of rapid development. It is better than what we can see."

Faster anywhere.”

"The problem currently plaguing Newfoundland is nothing more than a lack of manpower, but from another perspective, this can be called a happy trouble. Newfoundland's current predicament is like an ordinary person discovering a mysterious thing in the mountains.

A gold nugget weighing dozens of tons cannot be carried home by one person."

In Alan Wilson's words, why are Canada and Australia just trying to be rich? What does it mean to be rich in resources? Newfoundland, which has less than 200,000 citizens and only a few hundred thousand adult citizens, is a template for being rich in resources.

Newfoundland's current predicament was described by Alan Wilson as, There's money on the ground, but the residents of Newfoundland don't want to bend the knee?

In this case, if there is a shortage of manpower, external forces should be used to supplement it.

Although the overview of Newfoundland is a bit armchair, it is generally consistent with the facts. In the end, Alan Wilson said that Newfoundland's potential is not limited to unused forestry resources, and Newfoundland's positioning can be broader.

"London has never forgotten this place, and will never forget that Newfoundland paid a heavy price for the British. Residents of Newfoundland, good night, change starts from this day. I hope that tomorrow's morning will come, and you can get up and welcome us with hope.

Come to a new day.”

Chicken Soup for the Soul, which lasted for half an hour, was heard by many Newfoundland residents and was the first communication between Alan Wilson and local residents after taking office as Newfoundland Chief Executive.

Early the next morning, Alan Wilson got up and went directly to the Newfoundland Anglican Church in St. John's. Its full name is the Anglican Church of the Dominion of Newfoundland, but Newfoundland is no longer a Dominion.

In essence, Alan Wilson is unfamiliar with any sect of Christianity, and he does not believe in any religion in his heart. However, if he follows the Romans, he cannot pretend to be a believer in God.

At present, the Anglican Church of Newfoundland is the largest religious group in British Newfoundland. In St. John's, the Newfoundland Council held a brief installation ceremony, and Alan Wilson issued the first executive order.

"A company settled in British Newfoundland, as long as it is registered, does not charge any form of tax and only needs to pay an annual management fee of fifty pounds, regardless of the size of the company."

"The inheritance tax was enacted at the same time, prohibiting the growth of any inheritance and related taxes."

In the Governor's House of Newfoundland in St. John's, Alan Wilson issued the first executive order. As far as Newfoundland, which is currently a colony, what he said could mean what the British Empire meant and what he said was lawful.

In communication with the Newfoundland Council, Alan Wilson expressed the need to immediately count the population and promulgate immigration threshold standards. "You will never imagine how hot Newfoundland status will be in the future."

"I cannot imagine what effect it would have," asked Joseph Roberts Smallwood, the governor of Newfoundland.

"Oh, dear Joey, just do what I say." Alan Wilson said with a smile, "I heard that you are a socialist? Then you may not understand the power of this policy."

Although the British Empire has disintegrated in the 21st century, the UK still has several very small colonies. It is built as a financial center just like the mainland. In fact, it is more accurate to call it a tax haven.

Panama, Cayman Islands, Bermuda, British Virgin Islands, Barbados, Bahamas and Costa Rica in the Caribbean; Ireland, the Netherlands, Luxembourg, Switzerland, Malta, Gibraltar and Cyprus in Europe; Mauritius in Africa, etc.

Most of these tax havens are very small island countries. Since there are few local resources and industries, they can only find other ways to attract individuals and multinational companies to them by providing offshore financial services at very low tax rates or even zero tax rates.

The state establishes companies to achieve tax avoidance.

The total wealth of these humble islands alone accounts for 8% of the world's total wealth, close to 10 trillion U.S. dollars. So as the first British Newfoundland to eat crabs, how can it

You won't lose anything.

Furthermore, British Newfoundland only has a small population and fits the characteristics of these tax havens. However, in fact, Newfoundland is no worse than Australia in terms of per capita resources, and it is not much different without the bonus of tax havens.

But Alan Wilson wanted to make progress too much. He felt that the natural fishing grounds and the Chinese workers who arrived immediately to support the forestry resources were still not enough, so he directly introduced the tax havens that had only gradually emerged in the 1960s.

In the current situation, the inheritance tax in the UK is very high, and as the Cold War gradually becomes clear, countries in Europe will almost never have their taxes reduced because they are on the front line.

Alan Wilson is not clear about the inheritance tax situation in the United States, but there is a famous saying in the United States that there are two things that cannot be escaped: death and paying taxes.

Paying taxes in the United States is not an ordinary problem. Once the date arrives, it must be done on the same day without delay for a day.

April 15th every year is the most painful time for the middle class in the United States. If the tax refund is okay, if the tax payment is made, it must be sent on this day, otherwise you will be fined. Only when you pay taxes will you know that you have earned a year's hard work.

At least 30% of the income has been turned over to the government. The government chose April 15th very well. If you think about it, the poorest middle class in the United States were basically working for the government before April 15th.

All the money earned before this day has been used to pay taxes, and sometimes it may not be enough.

This chapter is not over yet, please click on the next page to continue reading! As for sidelining the CIA and FBI, the reputation of the US Internal Revenue Service, which is well-known in the joke world, will be familiar to any political enthusiast.

"Pay taxes to the federal government on time!" The American gangster who left his famous last words died just last year.

The US Internal Revenue Service has law enforcement priority, that is, if the CIA and the US Internal Revenue Service arrest a person at the same time, the CIA suspects that he is a Soviet spy, and the US Internal Revenue Service suspects that this person is tax evasion, and people from the two departments collide.

Once together, the CIA must watch as the IRS takes the man away.

Alan Wilson doesn’t know whether Americans’ pensions for fallen servicemen in this era will have to pay taxes. In any case, future generations will have to pay taxes. The figures calculated by the U.S. Internal Revenue Service are the pensions for fallen servicemen.

Alan Wilson did not slander the Newfoundland governor in front of him. He claimed to be a socialist. However, in Alan Wilson's view, Mr. Joseph Roberts Smallwood, who took the initiative to join Newfoundland to Canada, should be a verbal

As a socialist, it's okay to follow the trend and shout slogans, but the rest is just so-so.

The emergence of tax havens appeared at the peak of the Cold War. Eastern European countries generally placed some foreign-related funds in European countries out of distrust of the United States.

In fact, to be a tax haven, you only need to make three main preparations. Business activities are rarely controlled by regulations, the procedures are simple, and they are tax-free. The borrowing currency in the offshore financial market is overseas currency, and the borrower can freely choose the currency type.

The lending relationship in the market is the relationship between foreign lenders and foreign borrowers, and this lending relationship involves almost all countries in the world.

There are 600,000 companies in the British Virgin Islands alone, one-third of which are related to China.

"Joy, let's talk about another question. Where is the best forest area on the island, and are there any conditions to use it? I mean it's best to use the river."

Alan Wilson has understood the basic conditions of Newfoundland. Railways are not available. There are only so few people on this large island of 110,000 square kilometers. How can anyone build railways connecting major residential areas?

Since railways are not available, we can only make use of the miracles of nature. The use of rivers is also very important in timber production.

Wood can be stored for a long time when dried, and it can also be stored for a long time when completely soaked in water. But if it is placed in a neutral environment, it will decay.

He remembered that in his previous life, one year in his hometown, he harvested logs deposited in the lake next to the forest area. These logs, the oldest of which had been soaked for decades, were in the same quality, or even better. After all, timber of the same diameter had already been harvested.

Gone.

On a large island of more than 100,000 square kilometers, Alan Wilson has no worries about logging for a year and whether it will damage the environment. For the size of Newfoundland, even 10,000 cubic meters a day is a drop in the bucket.

It is absolutely impossible for such a large island to be without rivers. Alan Wilson said that he wanted the local governor in front of him to take him to conduct a survey to see where he could generate income.

"Huh?" Joseph Roberts Smallwood pondered for a moment, thinking about what reason would be more appropriate to refuse. After all, this is a physical job.
Chapter completed!
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