1985

The current board of directors of the United Development Company still has a rotating system.

The United Development Corporation's Board of Directors shall consist of at least three major shareholders and nine employed members, with one of the three major shareholders serving as Chairman of the Board.

Whether the company's CEO is appointed by a major shareholder or hired from outside depends on the internal resolution of the board of directors.

Generally speaking, the order of the company is still guaranteed.

As the company's major shareholder, Lynch only holds the title of honorary director and is not a rotating shareholder director.

The current rotating chairman of the board is another major shareholder.

The CEO is a hired professional.

With the arrival of these two people, there were far fewer people whispering in the conference room.

"Everyone is here?"

The chairman of the board of directors glanced briefly at both sides of the conference table, and then the secretary said that everyone was already here.

Except for a few people who were unable to come due to emergencies and representatives were sent, the others arrived in person.

The chairman of the board of directors nodded slightly, glanced at Lynch, and began the content of today's meeting.

"Maybe you are a little curious as to why we are holding such a meeting at this time, because it will not be long before we hold a meeting for the second quarter and the first half of the year."

He paused for a while as he spoke, letting these people ponder the meaning behind his words.

After waiting for about twenty seconds, he continued, "Mr. Lynch talked to me on the phone before and talked about something that we didn't notice."

"When he talked about the ownership of rights in the new federal special states, I realized that we had overlooked some issues."

There were some quiet discussions in the conference room. It was precisely because of the words of the chairman of the board of directors that they immediately guessed what he meant!

And this has obviously harmed their interests!

But before that, everyone may have subconsciously ignored it, or they didn't think that the federal government would interfere with their operations.

But after the chairman of the board of directors raised this matter, people may not be as sure as before.

Doubt is a very strange emotion.

It's like when a husband starts to doubt his wife's social skills, everyone seems to be the destroyer of his family!

And once this kind of doubt is born, it is difficult to completely calm down, and it will always accompany the cycle of life throughout life.

Even if the wife cuts off social contact from now on, the husband will continue to be suspicious.

Doubt the past and the process!

"We have previously signed a series of agreements with the federal government, including but not limited to our control of Nagaril's tariffs, formulation of import and export trade lists, and to a certain extent, stabilizing the local situation..."

Everyone nodded. In fact, there was more to the contract than what was stated.

At that time, the federal government did not want to show an aggressive posture in the international community, so its intervention in Nagaril was mainly carried out through the Nagaril Joint Development Company.

Of course, the federal government does not interfere in the internal affairs of other countries. All these are selfish behaviors of capitalists!

In the past few years, everyone got along very well, and the federal government gave the United Development Company great respect. In return, the new federation of Nagaril was more inclined to the federal government.

Beyond that, there are substantial taxes, and harvests on the free market.

The federation dumped goods into Nagaril to revive factories on the brink of collapse in the country.

The factory received orders and profits, and kept workers employed.

Workers have stable jobs, the employment rate will not decline further, and social security remains good.

When people are satisfied with their current lives, they are naturally willing to vote for the ruling party.

And the ruling party got everything they wanted from it!

"But now, our relationship is facing a unilateral breach of contract by the federal government!"

The tone of the chairman of the board of directors was very serious. After Lynch told him his thoughts, he immediately contacted some people to investigate the new policy.

The result is very bad!

He asked his secretary to send some materials to everyone.

Lynch also got a share.

The above is not a commercial contract or anything like that, but the new federal government of Nagaril has entrusted the federal government to carry out post-war reconstruction work in the central and eastern regions of Nagaril to the east.

That’s what that contract is all about!

There are never any real secrets in the federal government. If someone feels that the truth they want to know is always being hidden, it can only mean that this guy does not have enough money or high enough social status.

The rotating chairman of the board of directors of the United Development Company has a high enough status, is rich enough, and has enough political allies, so he can get this.

Lynch flipped through it, and some special places were underlined.

"The content of this contract was drawn up by the federal government. The new federal government didn't know its general content until it signed it."

"It's been a few days since I got this contract, and I've marked out all the things that I think are unreasonable."

When he said it was unreasonable, he did not mean that it was unreasonable for the new federal government in Nagali, but that it was unreasonable for the United Development Corporation.

He then began to explain one by one...

Lynch was also watching. He didn't listen to the explanation from the chairman of the board of directors. He had his own eyesight, and he only believed in his own analysis.

The new federation of Nagaril certainly could not afford such a large amount of reconstruction money, so according to the contract, they handed over 70% of the domestic tax revenue to the federal government.

The remaining 30 percent was just enough to keep the new federal government running.

Obviously, judging from the current development trend, domestic taxation in Nagaril will always be a big problem for at least the next twenty to thirty years.

A very simple reason is that Nagaril does not have a tax environment like the federal government. They have no habit of filing taxes or paying taxes.

Moreover, their population is larger. If they want to improve the tax system, it will be a very painful and troublesome process even for the federation!

In other words, this clause can be seen as a switch, a switch prepared for the following clauses.

In layman's terms, if the federation never solves the tax problem in Nagaril, Nagaril may not be able to afford the reconstruction costs for hundreds of years.

If the federal government still has to factor in interest, then they may never be able to get rid of such a provision.

And this is entirely for the sake of more unequal terms as preconditions.

Lynch already discovered this when he continued to look down.

The first is the easternmost region, which has the best deep-water port in the world. It will also serve as the world's largest commodity cargo distribution center and the center of world logistics.

At the same time, this area will also serve as a free trade zone.

Before the new federal government in Nagaril pays off its arrears, the federal government will charge a certain fee for transactions in the free trade zone.

As maintenance costs for the city, maintenance costs for the port, etc., until the new federal government of Nagaril has paid off all arrears.

Secondly, transaction taxes, etc. generated in the economic and financial center of the southern hemisphere in the central region will be equally divided between the two parties.

But there is also a condition, that is, the arrears must be paid off, otherwise the federal government will receive the various incomes Nagaril deserves.

In addition, various tax items such as consumption tax and personal income tax generated by the three states are temporarily taken over and collected by the federal government.

All taxes will be in accordance with federal tax rules.

In other words, the federal tax system will fully cover the three newly established states and will be collected by the federal government.

It seems that this has nothing to do with the United Development Company, but in fact it has a lot to do with it!

Before the establishment of the three special states, Nagaril did not have a very complete tax system, and most people did not pay taxes.

Including the United Development Company itself, they do not pay taxes.

But now, under the promotion of the federal government, the entire society of Nagaril will be divided, and wealth will be highly concentrated in the central to eastern regions.

And this part will also become the main battlefield for the joint development company in the future.

But it is taxed now!

Federal taxes are not light!

This also means that the era of huge profits for United Development Company will completely disappear!

It can be as little as 20-30% tax and as much as more than half tax.

Foreigners doing business in Nagaril now have two options.

Either go to the Midwest and work with the poor, and don't pay any taxes.

Or go to the Middle East and deal with rich people, but you have to pay taxes!

Everyone knows that poor people have little money in their pockets. It is not difficult to make money from them, but it is difficult to make big money.

The rich are rich and can make a lot of money, but taxes will become a problem.

Because federal taxes are so damn rich!

"Have you signed everything?"

Someone asked.

The chairman of the board of directors nodded solemnly, "Yes, it has been signed, but it has not been announced to the public yet, and it may not even be announced to the public."

"Because of it...", the chairman of the board of directors shook his head slightly. It was obvious that there were many unfair terms.

This will cause some social problems, especially for the young people of Nagalir.

They may not want to have so many unequal shackles firmly imposed on them. They will be disappointed by the new federal government, which will cause unnecessary trouble.

The current attitude of the federal government and Nagaril is to sign what needs to be signed and do what needs to be done. If it can be summarized in one sentence, it will be summarized in one sentence and the detailed content will not be discussed.

Someone raised an opinion, "If we publish the contract, what about planning and promoting the Nagali opposition forces behind the scenes?"

The chairman of the board of directors was still shaking his head, "It's not good either."

"The public opinion over there has gone too far, and we will suffer huge losses. Don't forget, to them, we are also foreigners, and we have signed many unequal treaties with them."

"If the hype isn't hot enough, it won't have much effect. Instead, it will make the federal government wary."

"I heard they're also interested in tariffs..."