Chapter 176
Every December, Christmas shopping begins in the United States, and American shopping malls launch a large number of discounts and promotions for the last large-scale promotion at the end of the year.
Most of the companies under Li Zetian's name are high-tech enterprises, and many products have not yet been developed, so there are no major promotions on Christmas. However, Flamingo Company can add electronic pets to its promotions. As for home consoles and other games, it is still far away!
Sunbird and Atari seemed to have a great Christmas shopping spree. Atari sold 150,000 units of the 2600 and countless game cartridges.
The boss of Warner Bros. was grinning from ear to ear.
When being interviewed by media reporters, he said arrogantly: "The market share of Atari 2600 has increased significantly, further consolidating Sunbird's dominance in the gaming industry! No competitor can compete with Sunbird. ! Any company that goes against Sunbird will not end well, and we will not let the other party’s games be launched on the Atari 2600 gaming platform!”
Obviously, these words are meant to satirize the Flamingo Company!
At this time, major media around the world saw how popular the "Atari 2600" home game console was and couldn't help but lose confidence in the Flamingo Company. Because the more market share Atari 2600 occupies, gamers and third-party software developers will choose Atari 2600. It is really difficult for Flamingo Company to catch up from behind.
The media was really a loser. For a while, they were optimistic about Sunbird Company and badmouthed Flamingo Company.
However, in the eyes of the people at Flamingo Company, this view is simply ridiculous.
When the Flamingo game comes out, who will compete? !
Sunbird? Haha, the rubbish games developed can be flooded with water...
Li Zetian also dismissed the media's remarks. At the moment, he was busy. You know, as soon as the end of the year comes, the company's financial statements will come out, and taxes must be filed and paid immediately.
He has a lot of properties in his name, so he has to pay a lot of taxes.
Therefore, Li Zetian has to think about how to legally avoid taxes every year.
This year, more than a dozen companies under Li Zetian's name generated revenue of nearly US$20 billion. Among them, Roche Pharmaceuticals took the largest share, accounting for US$10.42 billion; Intel ranked second, with US$3.52 billion; Microsoft ranked third, with US$1.65 billion; Hutchison Whampoa ranked fourth, with US$1.45 billion; Netflix ranked fifth, with US$1.45 billion. 1.23 billion U.S. dollars; Star Wars Film Company is sixth, with 950 million U.S. dollars; Panda Restaurants is seventh, with 420 million U.S. dollars; Oracle is eighth, with 290 million U.S. dollars...
Total profits accounted for an average of 34.5% of revenue, or $6.9 billion.
However, in order to avoid taxes, in early December this year, Li Zetian asked the L.Y Foundation to establish a large non-profit hospital in Los Angeles, Cronos Hospital. Following closely, Microsoft, Intel, Netflix, Roche Pharmaceuticals, Flamingo and other companies They have donated a total of US$300 million to the L.Y Foundation in the name of charity to support the construction of Kronos Hospital.
Non-profit hospitals are not unprofitable. The profits from Kronos Hospital will belong to the L.Y Foundation and can be used to purchase equipment, introduce technology, develop new service projects or provide low-cost medical and health services to citizens.
Although the L.Y Foundation is a charity, it cannot rest on its laurels. In addition to making financial investments, establishing a hospital is a very good choice. Not only can it make money, but it can also conduct medical research, collect clinical data, and strengthen cooperation with Roche Pharmaceuticals and Genentech. Collaborate to promote the development and marketing of pharmaceutical products.
For example, Roche Pharmaceuticals has developed a new drug. Without the recognition and recommendation of the hospital, it will be difficult to promote the new drug.
In addition, with a strong hospital, personal health issues are also greatly protected.
After doing charity, many companies used part of the money to distribute dividends. Li Zetian and Yu Jingqiu received a dividend of 200 million US dollars, but they still had to pay dividend tax. Fortunately, the dividend tax was not high, only 20%. In fact, because before, the company If the tax has already been paid once, plus the dividend tax, the tax paid successively may exceed 45%.
As a result, after tax, Li Zetian and Yu Jingqiu received US$160 million. In fact, the two of them receive a symbolic salary of $1 in each company, relying entirely on dividends. The tax and dividend tax paid by enterprises are already equivalent to personal income tax, and there is no duplication of taxes.
In addition, when the company distributes dividends, most of the funds go into the umbrella company, because the umbrella company is the parent company with the largest number of shares. Li Zetian and Yu Jingqiu’s personal shareholdings are not large. Most of them are under the umbrella company or its affiliates. Invest or create a company in the name of the company. When a subsidiary distributes dividends, the individual needs to pay a 20% dividend tax, but the parent company does not need to pay tax again. This is a legal way to avoid taxes. For Li Zetian, there is no difference whether the money is in a personal account or an umbrella company account. He can use it 100% anyway. The umbrella company is affiliated with the Lee Family Trust Company. The purpose of this is to prevent the 50% inheritance tax from being paid to the US government in the future!
The L.Y Foundation and the Lee Family Trust Company will be the foundation for the long-term prosperity of the Lee Family Consortium and are particularly important.
As soon as December passes, the new year finally arrives.
1980 is destined to be an extraordinary year. Flamingo, Galaxy Network, Sun Computer System, and Violet Records will all make sounds that will make the world tremble this year!
Li Zetian and Yu Jingqiu went to Hawaii for vacation during the Christmas period and returned to the United States on January 15, 1980. After returning, the two of them began to work separately. Michael Jackson has become a desperate man. When Yu Jingqiu came back, his album had been recorded, but it only had 9 songs. The album is currently undergoing certain post-processing, including noise removal, sound modification, polishing, etc.
Li Zetian took the time to go to Violet Records and listened to every song by Michael Jackson. He found it very impressive. Except for the three songs he wrote for Jackson, the other six songs were all written by Jackson himself. Li Zetian couldn't help but sigh, creative genius singers are just different! ! !
In the office, Li Zetian, Li Xueyu, and Michael Jackson are discussing when to release a new album.
"It's going to take a week for post-production," Michael Jackson said.
Li Zetian looked at Li Xueyu with questioning eyes.
Li Xueyu said: "Violet Records bought a large vinyl record production factory that can produce 5 million vinyl records every month."
"Then let's release it on March 1st, and put the record on sale at the Netflix rental store!" Li Zetian said calmly.
Michael Jackson was shocked. Netflix is the largest video rental and sales chain store in the United States. It has grown to hundreds of branches and is huge. Violet Records is Chronos·Li's industry, and the resources it can utilize are huge!
"In addition," Li Zetian turned to look at Michael Jackson and said, "Jackson, you can prepare to make the MV now. If the MV is on MTV, it will help promote album sales! The company will spend a lot of money to create the MV and shoot it into a miniature The style of a musical movie! As for how to shoot the MV, it’s up to you and Quincy Jones to decide after discussing it!”
"Okay, Mr. Li." Michael Jackson nodded excitedly.
