Chapter 447 Change of company registration location

Many people still take Liu Yang's words for granted. After all, self-developed products are fragrant.

It's just that the manufacturing of electric vehicles is not just as simple as power batteries, but also engine and chassis tuning technology.

They had just read the information about Dayu Bus. After so many years of joint venture with Xiaoxi Badayu, they had not learned any chassis tuning technology at all. This shows that the technical threshold here is indeed very high.

Executives in the office continued to voice their opinions, but neither side was able to convince their opponents.

At this time, Zhao Jing spoke again.

"Mr. Chen, in fact, the key to whether we want to build a car or not is whether we have the money to do it.

If you have money, try it.

I have a suggestion, which is to change the company's registration place, or establish a subsidiary there, and do a good job in financial planning to achieve reasonable tax avoidance.

I have calculated that if we change the company's registered place to the Cayman Islands, based on our current revenue situation, we can reasonably avoid taxes and save about 300 million in taxes a year.

In the future, as the company's revenue increases, we can also save more money.

Not to mention too much, now that we save 300 million in taxes and fees every year, it is not impossible to try building a car. "

Zhao Na's words drew the attention of all the executives in the office. Everyone looked thoughtful, and then some people expressed their agreement.

After all, everyone knows that the Cayman Islands is a tax haven, and legal tax avoidance is not tax evasion.

Moreover, many well-known private companies in the country have been cited as having changed their registration places to the Cayman Islands.

Let’s put it this way, more than 70% of all large private companies that are familiar to the public are registered in the Cayman Islands.

From the time Zhao Na talked about changing the place of registration, Chen Changliu's face slowly became serious. Of course he knew that changing the place of registration to the Cayman Islands could avoid taxes.

The main reason why it can avoid taxes is its financial policy.

There are only a few simple taxes in the Cayman Islands such as import tax, stamp duty, industrial and commercial registration tax, and tourist tax. For decades, no direct taxes such as personal income tax, corporate income tax, capital gains tax, real estate tax, and inheritance tax have been levied.

Foreign exchange can enter and exit freely in Cayman, and various departments are tight-lipped about investors’ financial information.

U.S. companies that have registered subsidiaries in Cayman include The Coca-Cola Company, Intel Corporation, Oracle Corporation, Procter \u0026 Gamble, etc.

Usually parent companies transfer profits to these subsidiaries through various channels, so that most of the company's income does not have to be reported to the U.S. Taxation Bureau and avoids the U.S. corporate income tax rate of up to 35%.

Why many domestic companies choose to register in the Cayman Islands? First of all, it must be for reasonable tax avoidance.

Another advantage is that it can quickly raise international funds. In the context of the WTO, foreign investors can invest domestically in the name of joint ventures, shareholdings, and directly participate in equity restructuring and asset mergers and acquisitions with enterprises.

In the context of the trend of economic globalization, in the name of foreign capital, we can quickly and conveniently finance international funds with international consortiums and banks to realize asset mortgage discounts and capital operations.

Not only can it avoid trade risks, but it can also use offshore companies to manage assets in a trust manner to achieve asset security and confidentiality.

Directly wholly own the property rights of domestic companies in the name of foreign capital, realize asset transfer, and legally enjoy foreign investment treatment.

As long as the flower growers register a shell company in the Cayman Islands, create a large number of related transactions, and use the related transactions to transfer domestic corporate profits to the shell company.

Shell companies registered in the Cayman Islands pay almost no tax, thus indirectly evading tax burdens and increasing company profits.

But Chen Changliu didn't want to. He looked at all the managers and coughed slightly. Everyone stopped arguing and looked at him.

"Manager Zhao, your suggestion is very good. You are qualified as a financial manager.

But I am here to reiterate to everyone today that Huaxia Technology Co., Ltd. is a Chinese company, and its registration place will only be in China.

Of course, I know that tax can be avoided reasonably and we can make more money.

However, as a company that grows and grows in China, we make money by taking root in China.

Then we have the responsibility and obligation to assume the social responsibility as a company, which is to feed back this land.

If we change the registered place of the company, to me it will be a foreign company, which I cannot accept.

Therefore, from now on, don’t mention changing the place of company registration, and don’t think about taking this detour to avoid taxes. I would rather pay more taxes. "

Chen Changliu's words were inspiring to all the executives in the conference room. In today's society, making money is more important than any feelings about family and country.

Everyone was thoughtful.

Chen Changliu looked at everyone's expressions and continued:

"Actually, I don't want to talk about the feelings of family and country with you. In fact, everyone comes to work just to make money and live a better life.

This was the original intention of me when I founded the company, but when I made more and more money and made enough money to last me a lifetime, money became just a number to me. "

Chen Changliu said such shameless words without blushing. When he heard these words in his previous life, he also felt that the person who spoke was making sarcastic remarks.

But now he said it naturally, chicken soup, just get tired of it.

All the executives did not show contempt when they heard Chen Changliu's words, because they felt that what the boss said was well-founded and there was nothing wrong with it.

"I dare to say that in a few years, everyone here will definitely achieve financial freedom with the company, so what is your next goal? If there is no goal, every day in the company will be absolutely torture.

I was the same before, I found that I didn't know what my future goal was when I made too much money.

But when SigmaTel filed a patent infringement lawsuit against us some time ago, I found it.

Why did SigmaTel file a patent infringement lawsuit against us, why did it use a condescending attitude, it was because our technology was inferior to the other party, so they could say that you infringed without any investigation.

So my current goal is to build the flower-growing family into a world-class technology company, so that we can look down on them from the perspective of technological strength, and then slap them in the face."

Chen Changliu admired his impromptu chicken soup. Well, I don't know if it's disgusting, anyway, it's right to instill, and one day it will affect them.

After all, a boss who doesn't know how to give chicken soup is not a good boss!

"Pa pa pa pa..."

Warm applause rang out in the conference room, especially for researchers like Wu Bo, Liu Yang, Zhang Hao, etc. Everyone looked at Chen Changliu with fanatical eyes.

Research masters like Liu Yang and Zhang Hao were poached by many foreign companies. The reason why they were willing to come to Zhonghuajia was because they saw Chen Changliu's emphasis on power lithium batteries and mobile phone wafers.

Such people actually have a sense of family and country in their bones.

Let's put it this way, powerful research masters are willing to stay in China and work hard with less salary. They may have the sentiment of studying for the rise of China. Such people are worthy of respect.

Otherwise, wouldn't it be better to go to a large foreign company where the salary is several times higher than that in China?

PS: The typos will be corrected first and then corrected.