Chapter 106 The Invisible Rich
In the following days, the company's management continued to meet.
Even An Feng could not avoid it because the issue of "money" is being discussed now. New technologies have strong competitiveness and the money from the source is in front of him. If he is still in a lazy mood... how is that possible! When it comes to money, An Feng is not vague at all.
After discussion with shareholders, the patent he decided to apply for was a "weakened version of super battery", while the higher-tech super battery is completely confidential and does not apply for a patent. As a "proprietary technology" that outsiders can never imitate - they are copied and can only cry by themselves.
However, only a few people know how to make the complete version of "super battery", and there is no way to start the counterfeit. The weakening version increases publicity to increase the reputation of GP companies. The most direct manifestation is that the original one dollar stock is now more than ten times the price to invest in by foreign companies or individuals.
Even if you don’t go public, the price of the investment absorbed can double crazily when the company has enough potential. It depends on how the two parties negotiate... An Feng didn’t care much about these before, but after everyone’s discussion, it has really increased a lot. Now, you can earn at least ten times the transfer of equity.
However, he was not as poor as to sell his equity. After many meetings, everyone unanimously decided to invest internally first, expanding it from the original 20 million shares to 40 million shares, and then leaving a part to absorb investment from foreign companies or individuals - specifically, the qualifications must be screened.
An Feng didn't understand very much. I heard that shareholders didn't want all Ah cats and dogs to squeeze in. If outsiders want to get equity, in addition to paying high prices, they also need to consider their abilities and qualifications... There are too many rules and regulations in this regard. An Feng was confused and called his assistants and accountants in California.
...
Two days later, all the directors of the company gathered together.
The discussion is about investment absorption and future development forms and directions.
There are many and complicated things. An Feng summarized it for himself, namely: how to cheat foreign investors; how to use technology to cheat money faster.
During the meeting, the shareholders were all here, and it was very lively. An Feng, Mrs. Sinclair, Anthony, the representative of the Brullian family, and George, whom he had not seen for a long time, were sitting, while the rest were standing assistants or secretaries. The company's shareholders didn't talk much, and most of the matter was told by their respective assistants.
A boring morning passed, and the lunch break was off. An Feng also chatted with Mrs. Sinclair for a while. The old lady didn't seem to have much appetite, but she just drank a cup of tea. However, when chatting with An Feng, she saw that he had a good time eating snacks and tasted some of them himself.
When talking about additional investment, An Feng had a lot of doubts, because Mrs. Sinclair would transfer most of the equity and only retain about 5% herself. The rest was mainly transferred to a company called "Xin's Energy", which is an American oil giant and is well-known in the world.
Mrs. Sinclair heard An Feng’s doubts and said: “The emergence of new energy will have an impact on traditional fields, such as automobiles. In the era of lithium-ion batteries, oil dominated the dominant position, but after the emergence of graphene batteries, it will inevitably take away the market cake from some people.”
An Feng also knows that new energy is so innate, but it will take a lot of time to shake the automotive industry if graphene batteries want to shake the automotive industry. Oil is not only used in the automotive field. But no matter how you say it, you cannot avoid the fact that batteries can slowly change the market structure, so sooner or later it will become a market battle.
So they are very strong. Considering this, An Feng decided to give up part of the equity and keep it in his own hands with 51%, that is, to hold the shares. The help of the giants is not for nothing, and they have to pay a little benefit so that everyone can cooperate better. The giants also know that if there is no guidance from An Feng during the technological research and development, they will not get anything, not only the super batteries that have appeared, but also the super chips under development... they all need An Feng's technical support. Therefore, everyone benefits each other and agrees with this decision.
Then An Feng talked about the low-key issue, and John Adams, an experienced assistant in this area, gave an opinion: "The easiest way is to create multiple companies and spread the equity to them, and then consider the confidentiality and future international operations, I recommend offshore companies."
Exclusive accountant Hardy Locke also agreed: "Finance, offshore companies are simple to register, keeping confidentiality of the shareholder information, equity ratio, income status of the client company, and offshore companies do not have income tax and stamp duty. In international trade, many taxes can be reasonably avoided."
Anfeng has heard of offshore companies and is curious about their tax avoidance methods.
Hardy pushed his glasses and said as concisely as possible: "For example, reasonable and legal: Company A wants to sell products of 100 million US dollars to Company B abroad, without considering other taxes and cost deductions, only the income tax is calculated: A and B directly trade, and this 100 million US dollars requires 35% income tax."
"Legal or unreasonable: If Company A sells the goods to its offshore company for 80 million US dollars, and then sells them to overseas Company B for 100 million US dollars through the offshore company, the 20 million difference does not require the income tax, only that 80 million US dollars needs to be calculated. A total of 7 million US dollars of taxes are avoided."
"So that's it." An Feng suddenly realized.
However, Hardy reminded: "This is just the simplest example! Now the United States is very wary of offshore companies. If you want to avoid taxes, the cost difference should not be too large. If you sell goods worth 100 million to offshore companies for 50 million, the IRS (Federal Revenue Service) will pounce on you like a wild dog!"
An Feng smiled: "I heard that many large international companies have offshore subsidiaries, and they are also so evading taxes?"
Hardy nodded: "Of course! According to the information provided by some senators in the United States, Microsoft has eight offshore companies, Dell and IBM have thirty-eight, HP has 14, and Apple is not clean, with more than one. Last time, a senator accused Apple of offshore tax evasion of billions, but this is the gray area that everyone defaults to. It is still difficult to shake the interests of the big group by just a few senators."
An Feng considered it. In the future, world trade will definitely be indispensable. Offshore tax avoidance is the default. Before the United States has issued specific laws, there is no saying whether it is illegal or not. Only funny people expose themselves and cause the tragedy of the IRS. But are accountants making a living?
An Feng was unhappy when he thought that overseas trade would also require the United States to deduct so many taxes. His uncle, I have worked hard to make a little money, and you only opened your mouth 35%? Although it is a bit troublesome to transfer the funds of offshore companies to the United States to use, the world is not the only place where the US can consume US dollars.
Chapter completed!