In Japan, shell companies typically use professional packaging companies to manage and organize transactions, and taxes are handled based on the transaction amount.
Paying taxes is the ironclad rule of the capital market; if you don't pay taxes, they'll investigate you faster.
Just like in the US, their most powerful and authoritative department is neither the CIA nor the FBI.
It is the IRS (Immigration and Customs Enforcement).
This is an all-pervasive department, and a department that inspires fear. Its power surpasses that of all American armed units, possessing a full range of weapons from light to heavy.
The department has a huge number of employees and an extremely high level of military power. They can even freeze all your assets without going through the courts. They can freeze assets from any country that is friendly to the federal government.
Is it necessary to file taxes in Japan? It's like paying for time.
Doesn't it take time to audit and audit bank accounts?
Moreover, most of them are scattered bank accounts, not just a few or a few hundred, but more than two thousand.
These days, everything is done manually. They definitely won't find a clue in three to five months.
As per Xing Baohua's request, Xiao Tian went to the software team to select several elites who had worked with him.
There are website templates available; you just need to fit them in. They don't need to be fancy; just fill them with content. Then, you hand them over to a small group in Japan, who will then connect with the financial institutions.
Once the website was set up in Japan, those money laundering accounts started absorbing the funds transferred from Huaba.
Some people deposited money, some less, into the website. Since it was an offshore bank account, cross-border transfers were required. One method was through their own bank, another was through a foreign trade agency, and the third was through wire transfer.
Bank transfers take three to five days, but this leaves a record of the transaction. While not perfect, it's not a problem, since the account holder is unaware of it; that's the cardholder's responsibility.
Foreign trade companies accept RMB, and their funds overseas are transferred to a designated overseas account through overseas accounts. There's nothing wrong with that, except that the fees are a bit high.
Wire transfers are similar to bank transfers, just with different procedures, and they are slower, taking about one to two weeks to arrive.
Unfortunately, these three channels are still the safest way to make large cross-border transfers.
Of course, the outflow of hundreds of millions of foreign exchange from banks will definitely attract the attention of regulatory authorities. They need to know the purpose of your exchange of yen for US dollars. At that time, you can show them your website and say that you want to buy digital collectibles, buy land on the moon, and buy real estate in the third world.
When the regulatory authorities investigated these websites, they found that they were all local companies. Even though they knew there was something fishy going on, they still watched the transactions.
It's quite obvious that local companies aren't using yen for transactions, but rather US dollars. There's something fishy going on here.
So from the moment the discovery is made, we need to prepare to collect evidence, watch them complete the transaction, collect taxes first, and then investigate. We should seal off what needs to be sealed off and freeze what needs to be frozen.
It wouldn't be worth it if the taxes were frozen before they were even collected.
So, the Japanese have to go through procedures, which is how they buy time.
Overall, after accounting for all losses, Xing Baohua can get up to 70% of the profits, and some can even get half back, which would be a great victory.
Cross-border transfer fees alone are a huge expense. Then there are the salaries of personnel from all sides.
In short, this system is safe.
When the transaction begins.
Xiao Tian specially obtained a picture of the Eiffel Tower and a picture of the pyramids.
He really wanted to see which fool would bid on the photo.
The bidding starts at $100, and each bid increment is also $100. If a bid is placed and no further bids are placed within three minutes, the person who placed the last bid is considered the winner.
Xiao Tian was truly amazed. There weren't just one or two idiots, but over a thousand idiots shopping on more than a dozen websites.
This also made Xiao Tian a little doubtful about life, as the Japanese were always known for their elite and shrewdness.
How come there are so many foolish and rich people? Are they all close relatives?
I suddenly remembered the dirty jokes that Xing Baohua told when he was overseas.
"Brother, you're better than Dad!"
"Yes, that's what Mom said too."
I didn't realize it at the time, but now I agree.
A digital photograph of the Eiffel Tower sold for a staggering $130 million.
This photo was taken by Xiaotian from a magazine and uploaded. It's not a famous oil painting! If you dared to buy the real Mona Lisa, it would cost about the same!
Instantly, he remembered that the electronic version of the image was also uploaded, so he quickly went to the backend to check the transaction price. Good heavens! A transaction price of over 300 million! This made Xiao Tian quite unsettled.
Have all the rich people in this world gone mad?
He was initially overwhelmed by the sheer amount of money, but after carefully checking the IDs and IP addresses, he realized it was being manipulated by a team.
He had participated in several financial transactions, but the one that left the deepest impression on him was the one involving the Central Bank of Great Eagle.
The trading methods of a trader.
One person controls several trading accounts, but he doesn't understand the true purpose of Xing Baohua's operation.
Forget it, since Xing Baohua is in charge, let's just do our job properly. It's not that there are too many fools or too many close relatives, it's just a scheme. What if we actually manage to hook a fool?
It's also a way to make money.
The virtual goods traded on numerous websites generated just over five billion US dollars in sales on the first day alone.
Normally, this would be considered a good result, but it's still far from satisfactory.
Xing Baohua had instructed them to double their transactions several times over the next day, ideally to trade 200 to 300 billion yuan a day, which would take him five to seven days to complete the cleanup.
The moment the money was transferred to the offshore bank, the R-side regulatory authorities were already monitoring it, and they began collecting evidence as soon as the transaction started.
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