The other executives were surprised, but Section Chief Song seemed very calm and said playfully:
"50 billion! Some impoverished counties in northern Dongguang Province don't even have a GDP of 50 billion a year. Have you ever considered using some financial tricks? Even if you reduce taxes by 10%, that's still 5 billion.
If I had received such a large sum of money, since it was a private transaction, I could have taken the money and converted it into foreign currency and fled. I would have saved 50 billion, which is equivalent to 7 billion US dollars. I would have been a wealthy man abroad.
Lin Sanqi thought, "How dare you say that? You have no taboos!" It turned out to be a "relevant department." Their rank was not high, but their power was immense.
Putting aside his ideological differences, Lin Sanqi said righteously:
"Section Chief Song, you're underestimating us at Lingnan Hall. We're a newly established company, and we paid 2 billion in taxes in our first year and 5 billion in our second year, all paid outright. In the entire Huadu area, or even across the country, which company pays as much tax as we do?"
I have always warned our executives and employees not to underestimate our tax losses. In fact, every penny of tax we pay could eventually become a missile launched at the enemy or a piece of steel plate on an aircraft carrier, so we will never evade or evade taxes.
Section Chief Song stopped smiling at this time and nodded in agreement.
In fact, what Lin Sanqi didn't know was that it was precisely because Lingnan Hall had always paid taxes in accordance with the rules, and its tax payment amount had already ranked among the top 100 in Huadu, that his superiors saw Lingnan Hall's sincerity.
Only then did they come to Lingnan Hall politely, and even made a few jokes behind closed doors.
If Lingnan Hall had engaged in tax evasion in the past, they would definitely not be facing an "inquiry" today, but a direct "investigation".
Once the relevant department wants to investigate a company, this company will definitely not have a good ending. Who can be clean?
If the investigation reveals any problems and you are fined 200 billion, will you accept it?
Even if there is no problem with your company, would you accept it if they just made up a reason to punish you?
Not convinced? Humph...
"I admire Chairman Lin's deep patriotism. This isn't sarcasm; it's genuine. I'm sure the Huadu people will be overjoyed with the 50 billion in taxes. It's like they've picked up a fortune for free."
The men in executive jackets chuckled again, while Lin Sanqi and the others' smiles seemed forced.
"Then, Mr. Lin, after deducting the 50 billion, there is still 150 billion left. This is not a small amount."
Lin Sanqi swallowed his saliva and thought to himself that he was like a naked person in front of the relevant departments. They probably even investigated his bed-wetting as a child.
So it’s better to tell the truth, after all, what he does is good for the country.
Of course, he won't tell the whole truth. For example, he would never tell the truth about the funds in his overseas accounts, which is his pension money.
Anyway, there is no way to check the 20 offshore companies in China, and he will never admit it, because they are all his wife's money.
"Chief Song, the following is the situation. I plan to divide the remaining 150 billion into two parts. I will use 15 billion for business operations, including overseas expansion. This portion only accounts for 10%. After all, I am a business, and my goal must be to make a profit.
I will use the remaining 135 billion to make large domestic purchases. For example, I am currently acquiring some factories that are on the verge of becoming obsolete, such as power plants, oil refineries, pharmaceutical factories, cement plants, steel mills, and so on.
Lin Sanqi's words aroused great interest among the executive jackets.
Section Chief Song placed his hands on the table, crossed his fingers, and said seriously:
"Chairman Lin, your answer is beyond our expectations. Tell me, why are you buying these obsolete second-hand factories? Where are you planning to export them to? Why don't you want the latest advanced equipment?"
Lin Sanqi felt that sincerity was a surefire way to win, so he continued to reply carefully:
"My clients are mainly African countries. Several leaders know that Africa is very poor, with nothing. There is a shortage of engineers, professional and technical personnel, and even ordinary literate workers.
Although those modern fully automatic machines are easy to operate, people without a certain level of professional knowledge simply don’t know how to use them.
Moreover, the routine maintenance, daily care, and parts replacement of high-tech machines are huge expenses.
Just like the Da Vinci surgical robot I donated to the Southern Hospital before, the annual maintenance cost of this machine alone is about 3 million. The annual funding of African hospitals is less than 3 million.
So even if I send this surgical robot to Africa, do those African blacks know how to operate it?
Even if they understood, could they afford the annual maintenance costs? They couldn't even afford to feed themselves.
Therefore, overly modern and high-tech production lines and equipment are of little use to me. I prefer to purchase some obsolete domestic products. These second-hand goods are more cost-effective and more suitable for the African market. "
Section Chief Song smiled faintly, "So you acquired over 200 diesel locomotives from the Huadu Railway Bureau? And over 2,000 obsolete machine tools from the Fengtian Machine Tool Factory?"
Lin Sanqi's heartbeat quickened a little, and he complained in his heart, thinking that as expected, this group of people probably checked all his hotel check-in records clearly, right?
"Yes, the locomotives and machine tools I acquired were exported to Africa. Just like right now, I'm planning to acquire an oil refinery. It just so happens that our country has begun to strictly control environmental protection, and those highly polluting refineries will be eliminated.
The junk we're going to discard would be valuable if shipped to Africa. Rather than just sending this equipment back to the furnace as scrap metal, why not buy it? I can also help related domestic companies remove waste and increase their income, right?"
Section Chief Song looked as if he had suddenly realized something, and continued to ask:
"You only want second-hand goods? Obsolete goods? Are you not interested in our latest domestic technological products? For example, our rocket technology, stealth material technology for fighter jets, or directly acquire a few military factories.
Military-industrial enterprises are having a hard time now. Not many have successfully converted from military to civilian use, and not every one has made the transformation as successful as the Rhine Steel Plant.
If you buy these military factories, you can also obtain their taxed military technology, and even get their technical talents, how great is that."
Lin Sanqi was sweating profusely and quickly took out a tissue to wipe it off:
"Section Chief Song, you're kidding me. Why would I need an advanced technology company for no reason? Besides, I have no interest in military industry. I'm just an ordinary businessman. I just want second-hand goods and old machines. I don't have any other ideas."
"Are you sure you're not interested?"
"I'm absolutely certain, absolutely certain, no!"
Section Chief Song stopped joking at this time, and his temperament immediately became cold:
"Well, Chairman Lin, we will not interfere with Lingnantang's business operations. However, we are very interested in your future procurement and export plans.
How about this? Later on, Lingnan Hall can choose which factories and production lines to source from, whether they want to export to Africa or Antarctica. But you need to give us an export list, okay?
Lin Sanqi sighed and thought, isn't this de facto supervision?
Of course, he had no ulterior motives and was not afraid of such supervision, so he nodded and said:
"I have no problem here, and I will definitely cooperate with you. This 135 billion is just the initial funding. In the future, I will invest more to acquire second-hand factories in China. I think this will also contribute to the country and help absorb domestic non-performing assets, right?"
At this moment, Section Chief Song suddenly slapped his forehead:
"Oh, you see, I'm old and my memory is not good. I heard that your Lingnan Hall still has a large number of antiques and cultural relics?"
Lin Sanqi complained in his heart, now you don’t know how many antiques I have, right?
Sotheby's has already taken away the antiques to be auctioned, a total of 1,000 pieces, and Lin Sanqi has already taken back most of the remaining cultural relics into the space.
Cultural relics are far more sensitive than jade.
Moreover, Lin Sanqi has already planned to move all these cultural relics abroad.
In the future, both antiques and funds will go directly into overseas accounts without passing through the country, thus avoiding supervision.
"Chief Song, it's true that my great-grandfather and my grandfather were quite discerning. Back then, they were doing business in Hong Kong, and once they made some money, they developed a strong interest in antiques. So, over the years, they bought large quantities of antiques from major antique shops across China."
(Grandpa Lin Sanqi: Thank you, great-grandson, for giving me a helping hand.) (End of this chapter)
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