Chapter 167 165. I wish all students a smooth college entrance examination!

"Mr. Cao, do you remember what you said last time about Bomi's legal department?"

On this day, Cao Yang received a call from Zhang Xia from Junming Law Firm.

Zhang Xia is a female lawyer in her 30s. Her previous cross-border mergers and acquisitions were handled by Zhang Xia’s team, and she is considered a law firm with Bomi who has in-depth cooperation.

Bomi Company is not without legal affairs, but Bomi's legal affairs are still the intangible cultural heritage left by his father. There are only two people, mainly helping with legal documents and supporting legal compliance review...

There is definitely no problem in terms of professionalism.

But Cao Yang always feels that something is a bit short.

If you say something is a little bit bad, it is probably because there is no strong network of relationships inside, such as some justices or retired people who are about to be soared to help Bomi settle in times of crisis.

The bigger the company is, the more demanding it has.

Penguin and Alibaba in their previous lives had many re-hired bosses to help. It was not that Cao Yang thought that there would be any illegal and disorderly behavior. It was mainly because there was a strong legal department, which was very important and necessary for the company and could help the company avoid unnecessary risks in many cases.

Think about it, Bomi is not big now. The company has developed to this day and has not released a few games. But it is difficult to guarantee that if it becomes bigger, it will not be hit by others.

If someone is back-stolen... plagiarized... you must have the ability to sue the other party.

So after working with Junming Law Firm, Cao Yang felt that many of the lawyers in this law firm were actually very excellent and wanted to dig them over, especially Zhang Xia, who had worked with him for a while to help complete the acquisition of the Island Country's Xingyue and the Alpha Records Company in Baodao. Cao Yang really hoped that she could come and serve Bomi Company full-time.

Cao Yang even promised to set up a special legal department in the future, which is no less than a law firm.

But Zhang Xia politely declined the proposal.

She is now a second-level partner of Junming Law Firm and has already reached a very high position in the company and has no plans to change jobs for the time being.

However, Zhang Xia promised Cao Yang that she would help him find better and better candidates.

Originally, Cao Yang thought she was just a polite word, but he didn't expect that she would actually call him today.

"Ah, remember, remember." Cao Yang responded quickly.

Zhang Xia's voice came from there, "That's right, Mr. Cao, I have a teacher in my university who retired some time ago. She is one of the earliest drafters of the company law draft in China. She is also a very authoritative figure. I think you can try it and see if you can get rehired."

Wow!

Cao Yang was a little flattered.

Recommend such a great person to me?

"Okay, okay, can you please recommend it?"

...

Zhang Xia’s recommendation is simply a timely help, and Cao Yang has no reason to refuse.

The two agreed on the time, and Cao Yang drove directly to take the secretary to pick up Zhang Xia, and she guided her to drive to the old professor's home.

The old professor Zhang Xia introduced, named Fang Qiong, was one of the earliest drafters of the "Company Law" in China. A large part of the domestic company legal system today is the contribution of Fang Qiong.

At the same time, this old professor pays special attention to changes in domestic and foreign companies and the corresponding market environment. For this reason, she has contributed a lot of suggestions on future company planning in her remaining teaching career.

She can be said to be a very powerful big shot. Whether it is the courts of all sizes or the highest level in China, she has friends and can speak.

"What if I want to say there is something bad?" Zhang Xia looked at the scenery outside the car window and smiled bitterly, "My teacher is sometimes a bit too noble. To put it nicely, it is called self-discipline. Many companies can't help her. To put it nicely, she is too quick. This person likes to be stubborn."

Cao Yang's eyes widened slightly, and while driving, he complained:

Then you still recommend it to me?

"Can I ask if I can't ask any other company?"

"It depends on your ability, Mr. Cao. I think there is still hope. Let's move people with sincerity. Bomi Company is operating well now and there is no legal loophole. Everything is compliant and legal, different from other companies."

Zhang Xia smiled with a smile on her eyes, "To be honest, this is the first time I have seen a honest boss like Mr. Cao."

The little secretary sat behind and rolled his eyes.

Just the boss is still honest?

You don’t talk big, you have never seen him before in front of reporters. That lying is common, and his face is thicker than the corners of the city wall.

"Why do you say that?" Cao Yang was also very curious.

Where did she give her the illusion of being honest?

"I have encountered many companies before," said Zhang Xia. "In order to avoid taxes, they directly opened their parent company in the Cayman Islands. Based on the principle of keeping customers confidentiality, I cannot disclose my specific name to you. As long as you know, if you open a company in the Cayman Islands, even if the company below is open in China and transfer the profits back to the parent company, the tax rate is quite low.

But Mr. Cao, you chose to insist on keeping the company in China. This alone is admirable."

In fact, the Cayman Islands are known as the tax haven around the world, and the tax rates here are quite low.

The Cayman Islands consist of three islands: Grand Cayman, Little Cayman and Cayman Brack, with a total area of ​​only 264 square kilometers and a population of only about 60,000.

Just on such a small island, more than 10,000 new companies are added every year. It is one of the world's three largest offshore companies registered and the registration place for branches of the world's top 500 companies.

At the same time, the Cayman Islands is also the favorite city of Chinese companies. By 2021, there are many Chinese companies registered in the Cayman Islands:

For example, Sina, Alibaba, Penguin, Baidu, NetEase, Qihoo 360, JD.com, Xiaomi, Lenovo...

Real estate industries include Country Garden, Evergrande, World Trade Center, etc.

It can be said that as long as it is a brand that can be called a domestic brand and is well-known to the public, it basically has companies registered in the Cayman Islands. The main reason is to avoid taxes.

Domestic policies are well known. Regardless of whether the company makes a profit or not, it will eventually be "taxed" and will be "taxed" very heavily.

The reason why the Cayman Islands are favored is actually very simple.

After Chinese companies choose to register in the Cayman Islands, they are offshore companies.

In other words, the company does not conduct substantive business at the place of registration, and the local government does not have any taxes on such companies. It only charges a small annual management fee, which has three major characteristics: high confidentiality, tax burden reduction and no foreign exchange control.

The "discount strength" can be seen in this!

How "tempting" are Cayman's policies?

First, there are few taxes. The only types of taxes on the Cayman Islands are import tax, industrial and commercial registration tax, tourism tax and other simple taxes. There has not been any personal income tax, corporate income tax, capital gains tax, and real estate tax in decades. In this way, the reason why the Internet giant BAT chose to register the Cayman Islands was about to emerge.

Second, information is kept confidential. To register a company in the Cayman Islands, only one shareholder, one director, and the shareholder directors can be the same person, and the shareholder information is absolutely confidential. At the same time, the company registered in the Cayman Islands is an exemption company, which means that there is no need to pay taxes locally, and the tax avoidance effect is strong.

Third, tax avoidance path. Many registered company shareholders may not have been to Cayman once. After getting the registered account, they use shell companies in offshore jurisdictions to create large amounts of related transactions and then transfer corporate profits to shell companies.

For example, because the Cayman Islands does not have corporate income tax, the profits are made to offshore companies by buying high and selling low, and the losses are left to domestic companies, avoiding domestic value-added tax, etc.

The Cayman Islands have loose policies and convenient operations, which is a good springboard for "listing" for Chinese companies.

As of 2019, the tax amount lost every year due to the "tax haven" exceeded 30 billion yuan in soft sister coins.

This is still a set of figures from the official domestic tax bureau.

It is conceivable how many real situations are there?

This comparison really makes Cao Yang look very honest.

Zhang Xia laughed silently, "At least, she is not such an insatiable entrepreneur. My teacher should appreciate you quite a bit."

I……

Cao Yang couldn't say anything about his suffering.

Who made him not understand the law?

If I had known that there was such a good thing, I should have opened the company in this orphan archipelago.

...

"Hey hey hey, stop and stop." Zhang Xia clapped her hands and asked Cao Yang to stop the car.

"Why, I'm here?" Cao Yang looked up and saw that it seemed to be quite far from China University of Political Science and Law.

"I bought something from the vegetable market and carried it over. Teacher Fang likes to eat fish."

Zhang Xia opened the car door and said, "You can find a parking lot nearby and pick me up later."

this……

"You're still thoughtful." Cao Yang said, "Then you go, buy more, and call me again after the time."

you?

When the little secretary heard the word "公" added, he got out of the car helplessly.

Who made her the assistant to the general manager?

Moreover, it is not good to ask lawyer Zhang Xia to pay for this kind of thing. She understands what the boss means and asks her to pick more expensive things and take them with her.

So the little secretary obediently opened the car door, got out of the car, trotted a few steps, and stepped forward to hold Zhang Xia's hand.

Cao Yang's mouth rose slightly.

Sure enough, women know women the best.

...

About 10 minutes, the secretary and Zhang Xia bought some vegetables, some meat, and a sea bass worth more than a pound.

Although it is not expensive, it is better to have a heart.

Zhang Xia got into the car and smiled, "A professor, I regard money as dirt. Buying vegetables is better than giving gifts and giving money directly."
To be continued...