Chapter 335 Tax Haven

Each of these people had a list in their hands, and they were ready to come one by one. Hardy pointed to the first name on the list and said,

"The Yokosuka Naval Shipyard is located near Tokyo Bay and is one of the four largest shipyards in Japan. How much do you think it is worth?"

At this time, the head of the Mellon Foundation said: "When Japan built the Yokosuka Shipyard, it purchased equipment from the shipbuilding equipment company under the Mellon Foundation and also received guidance from us. If I remember correctly, the total investment in the Yokosuka Shipyard was about 45 million US dollars."

"As for the current price, even with the damage, it's still $8 million." The Mellon representative offered a very low price.

No one else objected.

This price is indeed very low.

Hardy thought for a moment and said, "How do you think about setting it at $3.85 million?"

It's like the Douyin video of "Shut your mouth, I say a number and I'll get in the car right away."

Everyone's eyes widened.

Damn.

One tenth of the price is a bit too much.

However,

These capitalists felt even more excited, and every cell in their body was trembling and screaming.

It feels so good to lower the price.

After all, they are the buyers, and the cheaper the price, the less they pay and the more they earn.

Everyone continue.

Hardy read the second name.

"Yokohama Mitsubishi Shipbuilding is located in Yokohama. It has produced many aircraft carriers and battleships. Its shipbuilding capabilities are no less than Yokosuka Shipyard. What price do you think it should be given?"

"Four and a half million dollars?" the vice president of Morgan Stanley asked tentatively.

Good guys,

The lowest price was offered right from the start. It seemed that this guy had grasped Hardy's real intention, which was to lower the price as much as possible so that everyone could make money together.

"How about 3.68 million?" Hardy asked.

"agree!"

“This is a good price.”

"Write it down."

Pricing continues.

Chuanji Shipyard, USD 3.55 million.

Wugang Naval Shipyard is too close to Hiroshima, which was bombed by an atomic bomb and is now in ruins. Even a bid of 1 million is too expensive.

Mitsubishi Nagasaki Shipyard, a fellow sufferer of Wugang Naval Shipyard, also suffered a nuclear bomb attack on Nagasaki, but still no one was willing to buy it.

Asano Shipyard.

sasebo naval shipyard.

......

After the shipyards had completed the pricing, it was the turn of the aircraft manufacturers. However, the US military industrial enterprises had no interest in Japanese aircraft. After all, Japanese aircraft had been severely beaten by US aircraft on the battlefield, and US aircraft manufacturers looked down on Japanese aircraft companies.

Lower pricing.

Next is the military automobile enterprise.

military steel company.

These people were busy and happy. As it was getting evening, Hardy asked someone to arrange dinner. After dinner, these people continued to discuss the price.

Busy till late at night,

A price list for a catalog of Japanese military supplies seized by the United States was officially released, with the final total price being US$570 million.

In fact, they are already trying their best to lower the price, mainly because there are too many companies involved, a total of more than 300 companies, and each of these companies is only worth more than 1 million US dollars.

"Everyone, it's already late. How about we take a rest for the night and continue to study how to deal with these companies tomorrow?"

Everyone agreed.

Leave with a happy mood.

The next day these people came early.

After everyone sat down, Hardy said, "We all know that the actual value of these companies is much greater than our pricing. Now there are two problems. The first is to push Congress to pass this pricing, which requires the seven of us to act together."

Everyone nodded in agreement.

Both Rockefeller and Morgan have a strong voice in Congress, not to mention the other seven major financial groups. If the seven major financial groups in the United States work together, what are the chances of the bill being passed by Congress?

It's easier than electing the president anyway.

"There is another point, which is how to distribute the profits. My idea is that we should divide the shares together so that we can form a whole. Do you agree?" Hardy said.

If everyone were to split up their purchases and each buy the companies they like, Hardy would feel that his power would be dispersed.

In the end, everyone will fight on their own.

Hardy's idea is that everyone will hold a certain percentage of shares in these companies, so that they can continue to deepen cooperation, form synergy, and everyone can make money. The future operation of these companies can be handed over to one company.

At this time, the Vice President of Morgan Stanley spoke up: "Mr. Hardy, I agree with you that it is most beneficial for everyone to invest and hold shares together. However, there is a problem. If we hold shares in all of these more than 300 companies, it will be too obvious. Both the US and Japanese governments will be very wary of us."

Any form of monopoly will attract the attention of the government.

Although their model involves cross-holdings, it is still a conglomerate model, which is equivalent to establishing a new conglomerate in Japan. The US and Japanese governments may find it difficult to accept this.

However, Hardy already had a mature idea, and it can be said that this cross-holding to form a new consortium was deliberately created by Hardy, and his purpose was to promote offshore companies.

"Everyone, I wonder if you know that I became the Baron of Cayman?" Hardy asked.

Someone smiled and said, "Of course I heard about it. The newspaper also mentioned Mr. Hardy's romance with Princess Margaret. We are all very curious, but out of politeness we have never asked. Does Mr. Hardy want to explain it to us?"

Hardy waved his hands quickly.

"This is really a scandal."

“What I want to say is that after I became the governor of the Cayman Islands, the Cayman Islands obtained self-government rights, including all rights such as administration, law-making, taxation, diplomacy, etc.”

"In the future, I plan to turn the Cayman Islands into a place with no personal income tax, no corporate income tax, no capital gains tax, and no real estate tax."

Everyone present here is a financial tycoon. When they heard Hadi say that all these heavy taxes would be waived, their eyes lit up. Someone immediately said, "Then if we set up a company in the Cayman Islands and do import and export business, and the funds circulate in the Cayman Islands, we will save a lot of taxes."

You know, high taxes can sometimes reach 35%, which is one-third of the profit, especially for large transactions involving millions, tens of millions or even hundreds of millions of trade. This is not a small amount of money.

"As for the specific details of the Cayman Islands, I will tell you in detail later. Let's talk about this trip to Japan to invest in companies. We can register hundreds of companies in the Cayman Islands and then use these companies to buy control of Japanese companies."

"For companies in the Cayman Islands, the Cayman Islands Government's principle is to maintain strict confidentiality and not disclose any shareholder information to the outside world, including the US and UK governments. In addition, the Cayman Islands do not have foreign exchange controls."

"We can cross-hold shares in these companies. As for how to do it, I believe it is very easy for any bank or financial management agency to do it."

The others finally understood what Hardy meant.

If it is true as Hardy said, that there are no taxes, information is highly confidential, and there are no foreign exchange controls, then the Cayman Islands is simply a paradise for investment companies.

They can operate more freely in Japan, and if they make money in Japan in the future, they don't have to bring it back to the United States, saving them from paying high taxes. When they use this money for overseas investment, they can take it out directly from the Cayman Islands. The Cayman Islands has become a reasonable and legal investment haven.

This is not just the case with this investment in Japan. Several large conglomerates can also do the same with their overseas investments. They can set up another company in the Cayman Islands and hold shares in its overseas assets. In this way, the money earned can flow into the Cayman Islands' accounts, and a lot of taxes can still be saved.

American entrepreneurs and the IRS have been fighting wits and courage for hundreds of years, and have always been suppressed. Hardy suddenly came up with such a method, which was like opening a window as big as the sky in these people's hearts.

It's just wonderful.

The vice president of Morgan Stanley asked eagerly: "Mr. Hardy, I agree with your proposal of joint investment and cross-holding. I would like to hear your full regulations on the financial management of the Cayman Islands. The more detailed the better."

Others nodded as well.

Now they are more interested in the Cayman Islands than in investing in Japan.