Chapter 225 Paving the way for car building
When the Chicago Mercantile Exchange decided to launch Bitcoin futures, the Crazy Coin Market rose sharply and jumped to $19,300!
A few months ago, no one dared to expect that Bitcoin, which was still floating two or three thousand, could be so crazy. Chicago's move to launch futures once again made Yang Ming make a big profit.
Others were already on a Miami yacht, enjoying hot girls and party Yang Ming, who learned from the phone that the company was at this peak, and his subordinates sold up to 30,000 coins through more than 20 companies!
He directly brought him nearly $580 million in revenue! In this selling feast, this was the biggest order he earned! After learning the result, he laughed and threw away his cell phone, picked up a big ocean horse and threw her off the third deck of the yacht.
“F**K YEAH!”
He shouted that he was happy, and he began to understand the mentality of those Wall Street tycoons. This was a reasonable and legal robbery! Seeing the funds being recorded in a crazy way, it was much happier than doing business!
Although this is just his extra money business and may not be available again in the future, he is still in a state of ejaculation at this moment, and the feeling of having a taste is just like this.
"Oh Maiga!" Daniel ran to the fence and looked at the big girl who was thrown into the sea by him, "What's wrong with you, man? You're crazy!"
"I may be really crazy!" Yang Ming did not deny it. He took the wine glass from a hot bikini girl next to him, raised her head and took a big sip.
"She hates you!" Daniel smiled and looked at the hot girl who was climbing onto the boat in a mess.
"No, no! She won't!" Yang Ming shook his finger, "I'll give you 100,000 US dollars, do you still love me?"
"Yes! I love you!" Yangma smiled and smiled.
"Look?" Yang Ming shrugged at Daniel.
Daniel smiled: "You give me the same feeling as if I had made a big order of 500 million yuan before, and then I played girls, drank heavily, and kept on the verge of haga."
"Isn't it a holiday?" Yang Ming sat down and calmed down his excited mentality. "I've been stuck at work for too long! I might have messed up my life!"
Daniel doesn't understand if he is so successful now, is it a mess?
"I feel," Yang Ming thought of Li Wei. Somehow they became strangers, and they still had their relationships, but they were like they really recovered from their friends.
He didn't understand and hated himself for not being determined, so he gave up now and let it go! How could he be perfect?
"You are creating great success now, and no one has ever been so good."
Daniel did not contact him with those who broke out - the latter was only concerned about spending money, but Yang Ming was constantly creating miracles.
It is also crazy to have fun, but Howard Hughes can stay in history and be envied and talked about. During the same period, countless second and third generations can only be turned into dust!
"Thank you for thinking so!" Yang Ming raised his glass and touched him, drank it all, and suddenly felt bored when he looked at the feast of these beauties everywhere.
After he sold his money, the Crazy Coin Market was really overwhelmed! In the next few days, the Crazy Coin Market plunged to 13,000, causing heavy losses to players who entered the market with the Wind of Good Fortune!
When Yang Ming browses the data on his computer, he can imagine the bloody wool shearing. Countless buyers have lost all their money and want to jump off the building! But it has nothing to do with him.
Currently, there are more than 10,000 Bitcoins left in his hand, and the total revenue of the twenty companies he holds has reached US$2.3 billion!
Excluding the $350 million cost of entering the market, it is expected that the profit before interest and taxes will be exactly 600% if the remaining bitcoin is sold!
Anna predicted that the profit in the past six months would be able to make $2.1 billion, equivalent to RMB 14 billion! It was fat overnight!
On the G650 flying back to China, there were sound waves in the cabin. Two flight attendants took off their coats and twisted improvisably with the music. The boss crossed his legs and looked at life with a smile.
He is in a good mood recently and sends red envelopes whenever he goes, and his mentality has not changed from a billionaire playboy. Although he doesn't eat grass by his nest, it does not mean that there can be no entertainment programs.
Anna walked out of these sound waves, turned off the remote control and sat down in front of him. Yang Ming strangely interrupted: "What's wrong?"
"I want to report on your tax situation." Anna was very serious, and he knew that the boss would probably forget after returning home.
"Tax? Yes!" Yang Ming nodded.
"You originally asked the subsidiary to be offshore, and the transaction location was operated through overseas companies. Most of them were carried out according to the plan, but some of them could not avoid transactions in the United States. The corresponding taxes and fees were paid for these."
The corporate tax in the United States is much higher than that in China. Yang Ming had expected it, so he was also very smart at the beginning. Although his office is in the United States, his wholly-owned subsidiary is offshore.
That is, their trading operations are conducted through offshore accounts, nominally in the offshore financial zone of the enterprise zero-tax rate, and this part of the income does not require tax payment at all.
This tax avoidance method is very common, such as Apple, whose total cash held by their overseas offshore accounts is nearly 300 billion US dollars, exceeding South Korea's foreign exchange reserves!
But because it has to face tax burdens to get it back, the local American Apple still can only rely on borrowing money to maintain its operations. The federal government tried every means to collect taxes but had no choice.
Yang Ming also had the same routine, but he was more clever. The funds in the offshore account were completely unrelated to the local operations in the United States. Even if the funds came in, I invested foreign capital and could not count my taxes!
However, a small number of them are through loan banks' funding projects. According to the analysis of Anna and the financial advisory team, this is within the scope of federal and local tax collection and cannot be escaped.
“How many are there?”
"About $400 million," she replied.
"The advice of the financial consultant?" Yang Ming knew how to do it but was too lazy to use his brain and wanted to listen to the answers directly.
"It is recommended to use it in the investment field, which is considered as the company's operating expenses, and avoid this part of the tax collection. Because after comprehensive consideration, you have also invested a lot in the United States."
"Correct!" Yang Ming didn't want to hear the reason anymore because it was the same as he thought.
The calculation principles of tax laws in China and the United States are similar, just like traffic regulations all over the world. Although the proportions are different, operating costs, necessary expenses for enterprises, and other expenses are all pre-tax deduction items.
In other words, if Yang Ming wants to manage the money freely, he needs to pay taxes; but if he uses it for investment, even if he works on the company's business projects, this cannot be considered tax.
Then he contacted his car manufacturing career, which was just right! After thinking about it, he decided: "I want to invest part of the funds in China to establish my car company."
The company in North America actually belongs to Maxwell (North America) company. Correspondingly, it can also establish Maxwell (China) company, Maxwell (UK) company... and so on.
Because the technology you brought out is a bit wasteful only when using this little sports car! Only by establishing a sub-brand or producing mid-range models, sports cars, and performance cars can it play a greater role.
Furthermore, the company's model of making a fortune mainly relies on poaching people, and is set up in different countries and locations, which is also convenient for building technical teams. In the future, sports cars will inevitably be tested in Germany and the UK.
Chapter completed!