Reborn as a tycoon in Hong Kong

Lin Baicheng's profit earned through Goldman Sachs channels was US$1.24 billion. After deducting 20% ​​tax, he could take away US$992 million.

This is profit. Lin Baicheng still has US$200 million in principal to take away. In total, he can take away US$1.192 billion.

Of the $248 million in taxes, $142.6 million can be deducted through consumption and investment. The actual tax Lin Baicheng has to pay is $105.4 million.

Part of the tax-deductible amount of $142.6 million has consumption and investment restrictions, which stipulate what must be invested and purchased to be tax-deductible. Among them, there are farm investment, real estate investment, automobile consumption and so on.

It is precisely because of the policy encouragement of related industries that there is legal tax avoidance. Therefore, the offset taxes must also be spent on related industries.

With a total of 142.6 million US dollars in legal tax avoidance, Lin Baicheng only needs to complete the consumption before the tax filing season in April next year and then file the tax return. There is no need to rush to consume and invest immediately.

Lin Baicheng first transferred US$800 million in batches to Lin Baicheng's HSBC and Standard Chartered accounts in Hong Kong, and the remaining US$392 million was stored in Goldman Sachs's account. In addition, Lin Baicheng still has a principal of US$100 million in his financing account at Goldman Sachs, but this US$100 million was a loan he received from Goldman Sachs and will have to be repaid in the future.

The reason why US$392 million was left in Goldman Sachs's account was because Lin Baicheng entrusted Goldman Sachs to acquire home appliance technology and wafer and memory chip technology. Although these technologies do not cost so much money, Lin Baicheng will make acquisitions in the future, so he simply puts part of the funds in Goldman Sachs's account.

The profit in London was US$90 million, and Lin Baicheng could transfer US$72 million, all of which he transferred to the Standard Chartered account in Hong Kong. Among the 18 million US dollars in taxes, Lin Baicheng had 9 million US dollars to spend. He simply asked Anyuan, who was still in London, to help him buy a house in London, and spent all 9 million US dollars.

After the profits were transferred, Lin Baicheng still had a principal of US$100 million in his financing account with Standard Chartered in London.

In Tokyo, out of a total profit of US$92 million, Lin Baicheng was able to transfer US$73.6 million, all of which he kept in his private account at Mitsubishi Bank. Of the 18.4 million U.S. dollars in taxes, Lin Baicheng had 9.2 million U.S. dollars to spend. He directly asked Maori Haruko to use it to buy him villas in Tokyo, as many as he could buy.

Lin Baicheng also retains a principal of US$100 million in Mitsubishi Bank's financing account.

However, Lin Baicheng still owes Mitsubishi Bank $250 million, which he borrowed from Mitsubishi Bank in January this year for a total of three years.

Speaking of loans, Lin Baicheng has quite a lot of loans. Goldman Sachs has a US$100 million loan, but the principal is also in Goldman Sachs's financing account; Standard Chartered's HK$300 million loan was originally used to acquire Asia Television; Mitsubishi's US$250 million loan, US$100 million is in Standard Chartered's financing account On the previous day, the US$100 million was in Mitsubishi's financing account, and almost all of the principal was there; the HSBC loan of HK$1 billion was used to acquire Hutchison Whampoa.

Finally, Lin Baicheng also had temporary loans of HK$500 million each from Standard Chartered and HSBC. This money was borrowed to acquire Hong Kong Electric. At that time, it only cost HK$814 million. Now that the gold futures are sold, Lin Baicheng wants to use this money Return it to Standard Chartered and HSBC, and every day you are late will earn you one more day of interest.

Although the time is just over a month, because it is a temporary loan, the interest rate is relatively high. The interest on 1 billion Hong Kong dollars for more than one month is nearly 15 million Hong Kong dollars.

Among the funds that Lin Baicheng transferred to Xiangjiang, Standard Chartered and HSBC each had US$100 million, plus the remaining funds from the acquisition of Hong Kong Electric. Not to mention the repayment, there was still about 10 million Hong Kong dollars left. Lin Baicheng transferred it to the account of Yum Securities, and took Go buy shares of Qingzhou Yingni Company.

Regardless of the loans owed to banks and the cash held by various companies, Lin Baicheng currently has as much as US$1.1 billion in cash available.

Of course, Lin Baicheng will not put such a large amount of funds in the bank to earn interest. In addition to the acquisitions he has entrusted to Goldman Sachs, Lin Baicheng will also make a series of acquisitions in the future. Not to mention spending all the cash, at least half of the funds must be spent to turn them into industries, which will hopefully bring more profits to Lin Baicheng in the future.

After transferring most of the funds to Xiangjiang, Lin Baicheng left New York and returned to Los Angeles.

Unlike coming from Los Angeles, it takes about 5 hours to fly from New York to Los Angeles, but New York is about 3 hours faster than Los Angeles, which means that it only takes two hours from New York to Los Angeles.

After returning to Los Angeles, Lin Baicheng is planning to hold another party to celebrate after last week's party.

Fortunately, here in the United States, partying is normal. One party a week, for some people, is even less. Partying three or four days a week is normal.

This time, the guests at the party were the same as last time, but this time two other Republican congressman friends came back from Washington, so they also had time to come and attend Lin Baicheng's party.

Lin Baicheng made a lot of money by being long on gold futures. He would definitely not publicize this matter to the outside world. Goldman Sachs also promised him not to publicize it to the outside world and keep it as confidential as possible.

However, Phil Smith knew that Lin Baicheng had made a lot of money by being long gold futures, but he didn't know exactly how much Lin Baicheng made. The reason is also very simple. He himself was buying long gold futures, and after Lin Baicheng finished selling, he called Phil Smith to tell Phil Smith that he had sold the long futures order.

Not only Phil Smith, but also Lin Baicheng informed Iwasaki Mineryu, all after the sale. In fact, even if Lin Baicheng didn't tell Iwasaki Mineryu, Iwasaki Mineryu knew about it soon after Lin Baicheng's account began to close long orders, because Iwasaki Mineryu specially asked someone to pay attention to Lin Baicheng's account.

At this party, Phil Smith told Lin Baicheng that he himself did not sell the long gold futures because his team believed that the price of gold would continue to rise, and he was ready to take another look.

Lin Baicheng was not surprised by this. Phil Smith believed that the team he hired was normal. Lin Baicheng did not persuade Phil Smith to sell when he was not sure whether the price of gold would rise or fall. Anyway, Phil Smith made more money and would not give him any money, so why should he do such a thankless job? thing.

What Lin Baicheng was thinking was that if Phil Smith didn't sell long gold futures, Iwasaki Mineryu might not have sold it either. After all, Iwasaki Mineryu would definitely hire a dedicated team to operate, and maybe he was also bullish and had no flat position. Drop futures orders.

As for Iwasaki Mineryu, Lin Baicheng hoped that he would make money, because if Iwasaki Mineryu made a lot of money, he would 'repay' Lin Baicheng. Yamaguchi Momoe was arranged by Iwasaki Mineryu for Lin Baicheng.

As long as his own interests are not affected, Lin Baicheng certainly hopes that Iwasaki Mineryuu will make money and then 'repay' him properly.