Recast youth

Chapter 1892 Management Framework
"Is it not good?"

Ye Feng looked at the woman in front of him in surprise. Ye Feng felt that Wang Xin's last suggestion was very good. He should set up a company by himself and invest money in it. The funds would be used exclusively for charity, and he could do whatever he wanted.

Since the source of funds is entirely his own, he doesn't have to explain it to anyone, let alone disclose it to anyone. On the contrary, Ye Feng feels that setting up a fund is quite troublesome. Public fundraising must be subject to public supervision, which may lead to notoriety.

Private charitable funds must also donate to designated organizations or individuals.

So it's not good either.

At this time, Wang Xin revealed the reason for her laughter: "You have overlooked one point. To avoid taxes properly, you set up a private charity fund so that the money you donate can be tax-free. The personal tax is 45%. Even dividends can be taxed." Even if you pay half the tax, you still have to pay about 20% personal income tax. Just do the math, how much money will you save for charity in a year?"

Ye Feng suddenly came to his senses and asked: "Those foreign wealthy people donated all their assets to charity funds because of tax avoidance, right?"

"Yes."

Wang Xin nodded: "Nowadays, in addition to making money into charitable funds in their own names, many people will set up offshore family trusts overseas. The family trusts they set up in offshore jurisdictions are simply put into a certain country. Residents set up family trusts in trusts in other countries or regions outside the country. The benefits of doing so are that their information will be kept strictly confidential, and they can also enjoy special preferential policies in the region where they are located. Family wealth can also be transferred through reasonable Arrangements to achieve the purpose of reducing taxes..."

Wang Xin first served as the vice president of YAHOO, so she knew a lot about these tax avoidance methods. She told Ye Feng many tax avoidance methods. This does not mean tax evasion, but reasonable tax avoidance under the premise of being reasonable and legal.

Ye Feng had only heard of it before, but he didn't expect such an operation to exist.

"The accounts of charitable funds are not public. Rich people can avoid progressive income tax, inheritance tax, and gift tax by donating their money. Children of rich people serve as paid consultants."

Wang Xin said to Ye Feng: "After you set up a private charity fund, you can also let your family members or some people who are inconvenient to join the company as salaried consultants, and provide them with high wages or high benefits, etc."

"This goes against my original intention of doing charity."

Ye Feng shook his head when he heard this. After all, Ye Feng really wanted to do charity. The reason why he wanted to set up a personal private equity fund was not to avoid taxes, but to use the tax money that could be reasonably avoided and use it more as needed. in the hands of people.

Then Ye Feng asked Wang Xin about the establishment and operation methods of a personal non-public welfare fund. The method is quite simple. After all, it is a non-public technology fund. If it is a public welfare fund, there are many barriers to establishment.

However, the method for establishing a non-public charity fund is much simpler. As long as the funds meet the requirements, a charter is drawn up, audited regularly, and then you can apply to the civil affairs department with your ID card.

As for the person in charge, Ye Feng also thought about it.

Dixon.

For Dixon, the former head of global capital markets at Citibank, it shouldn’t be a problem to manage a private equity fund part-time, and it can be invested using property preservation methods, so that Ye Feng can have more money for charity. However, There is a problem here, that is, Dixon may not necessarily understand the domestic environment and people, so he has to find a deputy for him.

Ye Feng thought about two people.

One is Meng Weihong.

The other one is Meng Yun.

It's also a coincidence that they both have the surname Meng. The reason I thought of Meng Yun was because I was inspired by Meng Yun's desire to be a reporter to expose gutter oil at night. Since she wanted to make a voice for ordinary people, she would not refuse if she was asked to help build a charity fund. Yes, and in Wang Xin’s words, you can let your friends serve as paid consultants in public welfare funds.Although Ye Feng had previously objected to letting his family members join the foundation and giving them high benefits as a salaried consultant, he was not so rigid that others were not allowed to touch the money he really invested in the fund.

For example, Meng Yun, Ye Feng can give her a high salary on a reasonable basis.

The reason he thought of Meng Weihong was because if Ye Feng wanted to do charity, he would definitely have to deal with the local government. At this time, neither Meng Yun nor Dixon would be able to do it. Meng Weihong, who was well-informed, had to come.

Thinking of all this, Ye Feng became a little energetic and chatted with Wang Xin until 01:30 in the morning. Seeing that Wang Xin was tired, he left and returned to his home.

After arriving home.

Ye Feng called Dixon again.

The time difference in the United States is now exactly two o'clock in the afternoon, and the Sonics have now arrived in San Francisco, so Dixon's affairs in the United States have basically been completed. On the phone, Ye Feng first asked about Schultz's lawsuit with him, and then asked When Dixon could come to China to meet him, he also mentioned on the phone that he wanted to establish a private equity fund and wanted him to help manage the investment part-time.

A few days ago, the entire Sonics team arrived in San Francisco. The reason why Dixon stayed in San Francisco was to cope with the lawsuit filed by former Sonics owner Schultz.

After hearing what Ye Feng said on the phone, Dixon immediately said that he would buy a ticket to China the next day.

Ye Feng calculated the time difference.

That is to say, Dixon will arrive in Dongzhou around the morning of tomorrow.

The next day.

Ye Feng still got up very early, but he did not go to the company. Instead, he called Executive Vice Mayor Guo Qianhao on the way to the mountain tea house and asked him to come out for tea and talk about the establishment of a personal charity fund.

Guo Qianhao was originally going to follow a delegation to the next city to inspect wind power and photovoltaic projects in the morning to learn about the development of the new energy industry. When he heard that Ye Feng was going to set up a personal charity fund, he immediately changed the trip.

Because Guo Qianhao asked Ye Feng on the phone about the scale of his personal charity fund, Ye Feng told him that he would initially invest 5000 million, and would invest no less than 5000 million every year as a special charity fund.

And if it exceeds 2000 million, it is already a national-level non-public fund.

Guo Qianhao had to pay attention. If Dongzhou City could establish a national-level public welfare fund, then it would be a very praiseworthy and encouraging thing for him and Dongzhou City. , and at the same time, it can also reduce some of the burden on Dongzhou City’s poverty alleviation work.

After Ye Feng finished the phone call with Guo Qianhao, he called Meng Yun and Meng Weihong respectively. Meng Weihong was fine. When she heard Ye Feng's idea of ​​setting up a charity fund, she expressed great interest and said she would leave later.

However, Meng Yun said that she did not have a car and had to ask Ye Feng to pick her up.

So Ye Feng, who was about to reach the mountain, had no choice but to ask Pan Kun to turn around and go to Meng Yun's home to pick up Meng Yun first.

(End of this chapter)