Chapter 1805 Tax Avoidance Foundation

After receiving two limited-edition luxury watches in a row, Yang Cheng felt mixed emotions. Things have their advantages in being expensive, but some things are too expensive and there is no need to buy them. He is not a prodigal rich second generation. You need a watch to show your identity!

But this is what the family wants. It would be perfect without my 1.2 million.

After looking at it for a few times, he put the watch into the watch box. Taking a deep breath, Jiang Qing's expression finally softened, "What else?"

Liu Yun said seriously, "Also...we each bought a car, and it will be regarded as your Christmas gift to us~"

Yang Cheng was surprised and thought, "Car? How much is the car worth?"

In a large amount of nearly 9 million US dollars, even buying three Ferraris is just a fraction.

"anything else?"

"I bought your dad a year's worth of clothes~" Liu Yun added.

This time it was Yang Cheng's turn to twitch his lips. Didn't he know that others didn't know? A good suit can be exchanged for a Mercedes-Benz!

How many sets are needed for a year's supply? If we conservatively calculate one set per week, that would be 52 sets!

"Whose custom model is it?"

"Desmond Merion~"

Well, the average price of a top tailor in Savile Row is estimated to be around 50,000. How much does 52 sets cost? Yang Cheng felt a pain in his head. If he remembered correctly, there was almost no room for suits in his father's cloakroom.

But one-third of the nearly 9 million has a provenance!

"anything else?"

This time Yang Sen jumped out and said, "If you're talking about others, why don't you talk about yourself? You bought a 3 million yellow diamond necklace, but that yellow diamond is so beautiful. I'm a man who's heartbroken when I look at it~"

Liu Yun was excited, "Really? Don't say I'm a prodigal this time. I'll leave it to Yueyue as a family heirloom in the future~"

How could Luo Yue dare to ask for it? The way she moved her little hands was so fast!

If Yang Cheng were to measure his blood pressure right now, it would probably explode.

He almost squeezed out a sentence through his teeth, "Then what?"

Liu Yunshan laughed and said,

"As a mother-in-law, I have to give my daughter-in-law a set of jewelry, right?"

No need to ask, the rest of the money has finally found its source. I sat down on the sofa and instantly thought of becoming a monk. Sure enough, there are goblins under the mountain. Beauty is a disaster! ! !

Even though it’s a bit uncomfortable to say that I kiss my mother and my daughter-in-law, it’s the fact!

Fortunately, the value retention of top-quality jewelry is still very reliable. If you buy it, buy it and treat it as an investment.

There is no other way, Yang Cheng can only comfort himself like this, otherwise he will easily get high blood pressure.

Looking at the black card that has returned to my hand, I have the urge to cut it off. It’s all the fault of your broken card~

. . . . . .

This year's Christmas Eve dinner was extremely weird. The two elders tried their best to stay silent and reduce their presence. Luo Yue didn't care about eating by herself and kept adding vegetables to the orange bowl. In such a weird atmosphere , spent this Christmas Eve that should have been full of laughter.

Fortunately, Yang Cheng is not a petty person. After being depressed for a long time, the smile returned to his face. After all, he was buying things for his family, and he couldn't afford the money. Besides, he also praised Haikou for shopping casually, and then turned around. It would be too much to ask for old scores.

In the early morning, after Yang Cheng and Luo Yue returned to the room and washed themselves, Luo Yue nestled in Yang Cheng's arms and asked softly, "Are you not angry anymore?"

Yang Cheng replied a few blessing messages and then put down her phone and said softly, "No, I'm just depressed~"

Luo Yue covered her mouth and snickered, "Auntie just wants to make you angry~"

"I know, don't worry, but is it time you changed your story now?"

Luo Yue was stunned for a moment, then reacted and slapped Yang Cheng, "I'm not married yet, how can I have the nerve to change my words? Besides, I can't take the initiative to change my words~"

That's right, this kind of thing has to be brought up by the elders.

"Okay, that's what I said, do you have any plans for tomorrow?"

"No, it's up to you. I'll go wherever you go~"

Yang Cheng hummed, "According to convention, I should go to the charity foundation to participate in some activities on behalf of the family. The process may be a bit boring~"

"It's okay, I'm coming with you, and I just happened to go take a look. Although I have been communicating with the foundation, I haven't been to their office yet~"

Yang Cheng thought about it and smiled, "Yes~ you are now one of the leaders of the foundation~"

Luo Yue's beautiful eyes were angry, "As the person in charge, haven't you pushed me to the top?"

"How good. I see you handled it in an orderly manner."

"I have no choice but to force myself to study. Wouldn't it be embarrassing for you if you don't manage well? But to be honest, I do very little work and most of it is managed by the original person in charge of the foundation."

Yang Cheng comforted, "What you want to do now is not a drastic reform. As long as you ensure the stable operation of the foundation, it will be a great achievement. Remember, the purpose of all such foundations with charitable purposes is We have no obligation to be able to help more people more stably, rather than to make a lot of money and help a poor person get rich."

Luo Yue fell into deep thought, "I think I know what to do~"

. . .

The Yang family has several foundations under their name, including charitable foundations, family foundations, investment foundations, etc. They have a five-story office building in Xiacheng District, and the family occupies one floor without any delay.

This is also done to pool resources. After all, the cooperation between various foundations is still very close.

In the United States, it is nothing new for large families to set up foundations, and they are recognized by all walks of life. However, at the beginning of the birth of modern foundations, the U.S. government only regarded them as general societies, charitable groups, and even general enterprises. After issuing a business license, I won’t ask any more questions.

Only some larger foundation organizations are approved by Congress through relevant laws, such as the Carnegie Foundation for the Advancement of Education.

However, as some foundations have made significant progress in funding social and public welfare undertakings, the foundations have gradually attracted the favor of the federal government, and the government has begun to implement policies of encouragement and support.

Under such circumstances, the United States passed legislation to include foundations in the tax-exempt list. Since then, foundations have been able to flourish.

However, when a large family establishes a foundation, it must have some overarching purpose. Just like the Rockefeller Foundation, its original purpose was to "promote the well-being of all mankind." Looking at their structure, it directly rises to concern for all mankind. to the point, but in fact, everyone knows that their real purpose is not that.

Given the intensification of social conflicts in the United States at that time, under the control of monopoly groups, money continued to flow into the pockets of a handful of wealthy individuals represented by plutocrats such as Rockefeller and Carnegie.

But while they are amassing huge wealth, they have to face two practical problems at the same time. One is the anger and resistance of the bottom workers; the other is the government's antitrust laws and other restrictive measures.

Later, most states in the United States began to impose progressive income taxes, and the Rockefeller Foundation undoubtedly became the focus of tax collection. The establishment of the Rockefeller Foundation can reasonably and legally avoid progressive income taxes.

Later, after generations of careful management by the family, the Rockefeller Foundation has transferred most of its property to foundations at different levels.

As a result, Rockefeller was completely moved from the ground to the underground. More importantly, the personal income tax that originally needed to be requisitioned for the core members of the family was avoided. Since the money was no longer in Rockefeller's name, the inheritance tax was naturally exempted.

However, all wealth and assets are actually still under the control of his family, successfully breaking the theory that wealth cannot last more than three generations.

In this regard, so-called non-profit foundations are actually non-taxable foundations. With such a model to follow, wealthy people and families in the United States know what to do and try their best to hide their wealth and assets. , transfer it to the name of the family foundation, not only avoid the eyes of the haters of the rich, but also make large profits through tax avoidance. This is the routine of capitalists!

Of course, it cannot be denied that some wealthy people are indeed doing charity and have indeed helped some people in need, but what they have given is only 1% of their total assets.

For example, Gai Melinda Foundation. As early as more than ten years ago, Gai's classmate injected 3.35 billion US dollars into the foundation. This was also the largest donation in the history of the United States. This also made the couple's foundation become the largest donation in the history of the United States. The largest charitable foundation.

You must know that at that time, the total assets of the foundation reached 35 billion US dollars.

The foundation only needs to use 5% of it for charity every year, and the other 95% of the funds can obtain tax exemption benefits. The amount of wealth brought by this benefit far exceeds the 5% amount he wants to donate.

For capitalists, this is just a left-hand game. Taking it out of the left pocket and putting it in the right pocket can easily avoid the huge taxes they need to pay. It is also conducive to establishing a good public image of themselves. It can be said that " Gain both fame and fortune.”

This is also one of the important reasons for the snowballing growth of foundations in the United States. As American scholar Timo Yoder said, "Because foundations are tax-free and funders can effectively control the foundation, this has greatly promoted the growth of foundations." Unprecedented growth for the Foundation.”

In this way, the big bourgeoisie can evade taxes through foundations, while the corresponding national tax burden has to be borne by the middle class and grassroots people, which inevitably exacerbates the unfair distribution of wealth.

As a result, conflicts among various strata of American society have continued to intensify, causing many radical people to take to the streets to demonstrate, expressing their desire to capture Bill Gadget alive and rob the rich and give to the poor!

Well, the lid carries a huge blame. He really didn’t invent this model, but because he stood in that position, even a fart could cause a hole in the ozone layer. The common people only stared at the person at the top. No. Who will arrest you?

Therefore, it is said that it is too cold to be in high places. A smooth boss or an iron-clad second child. Sometimes being the second child for a thousand years is not necessarily worse than the richest man~

To be honest, it’s a miracle that Gai can sit on the position of the richest man for so long~

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