When Fairy Company first released the dreampad, Niu Ruzheng asked Xiao Qi if he wanted to list it in the mainland out of good intentions, but Xiao Qi quickly refused.
In this day and age, companies that are efficient and profitable will be listed on the mainland unless they are large and medium-sized state-owned enterprises. Others who are somewhat ambitious will choose to list overseas, either in Hong Kong or New York.
Because the reputation of the Chinese stock market as a whole has never been very good, the only purpose of many companies going public is to make money. As for the operation situation after listing, the pursuit of profits, etc., it is absolutely impossible to be careful.
These are better, after all, they don't make any money.
The most hateful thing is that those good companies that make countless profits have never paid dividends to their shareholders. This kind of behavior, which in the United States is subject to heavy fines and heavy fines, is actually commonplace in China, and no one restrains it at all.
and govern them.
Not to mention that Xiao Qi has never planned to list the core companies of the Fairy Series. Even if Xiao Qi is planning to list the company, do you think that in a stock market like this, can Xiao Qi get it listed here?
Not listing a company's core industry is a common tactic used by many domestic and foreign companies, large and small, especially companies owned by wealthy private families. This is their favorite tactic.
For example, Chow Sang Sang, which invited Li Shaozhi to be its opening guest some time ago, has a Hong Kong stock market value of about 12 billion, but the real estate of many of their stores is not included in the company's assets, but is privately owned by the Zhou family.
If this part of the assets is added, I believe that the Zhou family, the majority controlling shareholder of Chow Sang Sang, will have no problem entering the top 20 in Hong Kong.
Another example is that the former richest man in China, Gome Electric Appliances, has at least 300 Gome stores in the capital alone, which are not included in the listed assets of Gome Electric Appliances. And any one of these stores is worth just how much.
Tens of millions.
The most famous is of course the Fok family in Hong Kong. The former richest man in Hong Kong, who is famous for his red businessmanship, has more than hundreds of large and small properties in Hong Kong. However, these are also only private properties and are not disclosed to the public, so they give people
As a result, the Huo family only has a fortune of more than 30 billion.
As a result, when the Huo brothers were fighting for property in 2013, it was revealed that the Huo family actually held more than 67 billion Hong Kong dollars in property. This was not all, because many properties were privately held by the Huo family’s wives and children. Plus
If you think about it, there is no problem at all for the Huo family to be ranked among the top five in Hong Kong.
Europe, the United States, Japan, South Korea, and Hong Kong are all the same. They keep core assets from being listed. This generally has only one purpose, which is to avoid reasonable tax avoidance and avoid government and institutional supervision.
They usually appear in the form of foundations. For example, Li Chaoren's has the "Li Family Foundation" in it, and the Huo family also has the "Huo Xingye Hall". Gang Leader Qiao also has his own private trust fund, Bill Gates Children's Shoes,
Mr. Buffett... Wait, this is what he does, so that every time a family member metabolizes, there is no need to consider the expensive inheritance tax that makes people cry, so that the family industry can continue to be maintained and developed.
Do you understand?
As long as your property is in the form of a foundation and is not in the name of a specific person, then it is an operating company and does not count as private property. Then you can reasonably avoid all kinds of
Taxation, surveillance, etc.
There is no doubt that Xiao Qi did the same.
From the offshore company at the beginning to the "Xiao Family Fund" that has been planned now, as well as the private property for the wives in each house, we are all working hard in this direction.
Of course, China has not yet levied inheritance tax. Xiao Qi's main purpose is actually to prevent future generations from being ruined and to allow them to enjoy the wealth he created for as long as possible.
As for business activities in the United States, Europe, Japan, South Korea and other places, Xiao Qi is doing everything possible to "legally avoid taxes". The high accounting firm fees and Mario Law Firm fees, which exceed hundreds of millions of dollars every year, are all guarantees for him.
Xiao Qi was very reluctant to pay as little tax as possible - leaving it to these foreigners.
But in his domestic business activities, Xiao Qi has never engaged in this kind of "legal tax avoidance". On the contrary, he has avoided many preferential policies.
For example, Fairy Company enjoys 10% of Dreampad’s total profits, but among Dreampad’s several shareholding companies, not to mention Xiao Qi’s offshore company in the International Financial District, purely based on the Virgin Group and LVMH Group in which it has a stake,
Green Pine Capital, Samsung and Ellison's personal purchase can be regarded as a 100% joint venture.
It stands to reason that the joint venture company has many preferential policies, including tax exemptions and reductions in various costs of electricity, water and gas, etc. When accumulated, it is a considerable expense.
But when Jing Xuan asked Xiao Qi, except for the enjoyment policy within a reasonable range, Xiao Qi refused the rest without even thinking.
Fairy Company doesn't need to take advantage of these aspects at all.
Some people, even people in the company, have said, "Boss, you are stupid. Other companies are not joint ventures. They have to find a foreign bum to name them in order to get discounts. We are a legitimate joint venture company."
Why don't you take advantage of it?
Xiao Qi never answered them, but in a conversation with Yu Shanshan, he still revealed his true considerations.
"If a country's companies are always proud to evade their responsibilities and take advantage of the country, then what cohesion does this country have? When have you ever seen Coca-Cola evade taxes in the United States? When have you ever seen Microsoft evade taxes in the United States?
Is the United States evading taxes? The taxes in Germany and France are terrifyingly high, but have their companies migrated out of their home countries in large numbers? No!
This country does not belong to any one person, nor to others, but to our own. Although it currently has various problems and flaws, it is undeniable that we are moving towards a better life step by step.
.If we ourselves do not contribute to the development of the country, how can the country develop? Does it have to force the country to obtain various funds from real estate to improve people's livelihood and promote economic development?
If we can all operate normally and pay taxes normally, then maybe the national and local governments will have money and will be less dependent on land finance, thereby lowering housing prices and reducing everyone's burden... Although this idea is unlikely.
Reality, but as long as I have this hope, I will work hard in this direction." (To be continued...)