Chapter 336： : MacArthur's Annoyance

Everyone here is interested in the policies of the Cayman Islands. Hardy smiled and said to Andy: "Andy, you can introduce it to everyone."

These days, Hardy and Andy have been studying things in Cayman. The idea of ​​establishing Cayman as a tax-free area and a tax haven was proposed by Hardy and told Andy about his knowledge of future tax havens.

Andy was shocked by the concept of a tax haven.

Taxation is the most important part of a country’s government to maintain its operation. If the government does not collect taxes, it will not be able to operate. But Cayman is different. Cayman is small and requires very little capital, and Cayman belongs to Hardy himself. As the boss of the Hardy Group, Hardy doesn't care about the tax collected.

And if Cayman is turned into a tax haven, the benefits are indeed great.

Let's talk about the Hardy Group first. There are many industries overseas, including Hong Kong, Britain, France, the Netherlands, Italy... and there will be Japan in the future.

The scale of assets is about 200 million US dollars.

If these companies make money in the future and the profits are transferred back to the United States, the United States will receive a large amount of money.

In the past, it was transferred to Switzerland at most, but Switzerland also needs to pay a part of the tax, and the fee for fund management is not low.

If Cayman becomes a capital transfer center in the future, these taxes will not have to be paid, which will greatly reduce tax expenditures, which will be a lot of money. The larger the scale of the industry in the future, the more this money will be saved.

In addition, it can also become a concentration of other trade funds. If everyone else settles in Cayman and remits money to Wells Fargo, Wells Fargo’s funds will expand rapidly and it can develop into a global super bank in a short period of time.

As long as the bank has money, it will be convenient to do whatever you want.

These days, Andy has taken his lawyers and financial team to continuously improve the financial management policies of the Cayman Islands.

"The Cayman Islands will adopt a tax exemption policy in the future, and will not levy any direct taxes on any individual or company."

"The threshold for setting up a company in the Cayman Islands is very low. People from any country can register a company in the Cayman Islands without nationality restrictions, as long as they are over 18."

"The registered capital is US$50,000, but capital verification is not required."

"Only one shareholder and one director are required to start a company, and the shareholder directors can be the same person. Except for banking, insurance, military, etc. applications, there are no other restrictions on the company's use."

"In addition, foreign exchange is free to enter and exit in the Cayman Islands. The government does not impose any restrictions on funds, and even does not need to register the owner. It only needs a fund code and withdrawal password, and enjoys a high degree of privacy."

After Andy said this, the first thing everyone in the house thought of was money laundering.

This is a complete, unrestricted money laundering behavior, which can be described as brazen and unscrupulous.

For many people, this one is simply too important.

"Cayman is a self-governing territory of the Commonwealth, so it is protected by the United Kingdom. This can ensure the safety of Cayman, but Cayman is a self-governing territory and can implement its own administrative regulations and taxation policies."

"Cayman will charge the company an account opening fee, an annual report fee, and an annual review fee. These are fixed fees for maintaining the company's operations, and there are no other fees."

People know that

This amount of money is nothing to a company and can be ignored. It is estimated to be several hundred or thousands of dollars a year. However, if there are more companies, you can receive a lot of money each year, enough to maintain the Cayman Islands expenses.

Andy continued:

"Opening a company in Cayman is convenient for companies to carry out multinational operations, and is conducive to companies to avoid trade barriers, avoid foreign exchange controls, convenient registration procedures, and convenient management. It is very suitable for overseas investment operations, such as our investment in Japan this time." Dedao.

"If this is the case, it would be great. We have a lot of investments overseas. We can completely re-register companies in Cayman and put these overseas companies under the name of Cayman companies, so that we can save a lot of tax. And it facilitates the flow of funds." A representative of the consortium said.

The other persons in charge also nodded one after another.

They are all financial leaders, and they can naturally see the benefits of tax avoidance in the Cayman Islands at a glance.

Some people think more.

The vice president of Morgan Stanley asked: "How many banks are there on Cayman now?"

"Only Wells Fargo." Andy said.

Cayman is owned by Hardy, and Wells Fargo is Hardy's private property. It is controlled by 100% of its shares, so Wells Fargo will naturally be used as the settlement bank.

Settlement with Wells Fargo Bank.

Whether it is money laundered, smuggled, drug-trafficking funds, or their corporate funds that intend to go overseas to avoid taxation, they will all be remitted to the Cayman Islands Wells Fargo Bank.

These tycoons immediately realized that in the future, there will be countless funds flooding into the rich countries, and the funds of the rich countries will swell rapidly.

These consortia also have banks and are very jealous of the money. Someone asked: "Can we open a bank in Cayman?"

When Andy said just now, he said that there are no restrictions except for banks, insurance, military and other companies. In other words, there are restrictions on the above three types of companies.

Andy said:

"Of course we welcome banking companies to enter Cayman, but there are indeed restrictions. Everyone is sensible. With no tax and foreign exchange control policies like Cayman, the role that banks can play is simply too great."

"So we stipulate that in Cayman to open banking, insurance, securities, trusts, funds and other financial industries, or pay certain taxes, of course, much lower than other places, or allow Wells Fargo to invest."

Finance is too profitable.

The Cayman Islands’ policy is so loose.

There will certainly be many financial industries ready to take advantage of this loose monetary policy for profit, which will steal Hardy's resources invisibly.

Cayman is tax-free because it can collect funds for the rich countries, but it is not so kind enough to serve other banks in vain.

After hearing Andy's explanation, everyone felt that his request was normal. If they had a dominion like this, they would not let others take advantage of it in vain.

Fortunately, what Hardy asked for was to invest in a financial branch opened in the Cayman Islands. It does not involve the foundation of the consortium, but only earns part of the benefits from the Cayman Islands’ circulating funds. These consortia find it completely acceptable.

"We at Morgan Stanley are going to open a branch in Cayman."

"Our Manhattan Bank is also planning to open a branch in Cayman."

"Mellon Financial also intends to open a financial investment department in Cayman."

Subsequently, DuPont consortium, Cleveland consortium, and Texas consortium all expressed their intention to open financial institutions in Cayman.

As for the proportion of shares.

Hardy’s principle is that Wells Fargo should not account for less than 30% of the shares of these banks in the Cayman Islands.

In addition to making money, Wells Fargo will also sign agreements on free flow of funds with these banks. Hardy's goal is to establish a strong financial network. These banks will have extremely smooth financial circulation with Wells Fargo in the future.

Someone wants to track the money flow.

It's as hard as it gets to the sky.

Because he may have to face the obstruction of the world's largest financial system.

In the face of this power network, the US government must be jealous, because the politician who issued the order must consider the consequences of offending several major consortia.

After several consortia discussed the purchase of Japanese seized assets, Hardy submitted the quotation to the Johnson government.

After President Johnson looked at the quotation, the first thing he felt was that the unit price was a bit cheaper, but when he saw the total price.

570 million US dollars.

Followed by heart.

Japan is now extremely poor, and they still owe tens of billions of dollars in war reparations. They have no money in finance and no money in the private sector.

If you can get this 570 million US dollars.

Then the US government can do many things.

Hardy told President Johnson: "I hope that the President will submit this list of transactions to Congress. If Congress agrees, I intend to sell it out so that I can recover a certain amount of money. This money is very necessary for the rectification of the Japanese economy."

"Well, I will submit it to Congress as soon as possible. I believe they will be happy to dispose of these useless assets and restore Japan to self-sufficiency." President Johnson said.

Then President Johnson put forward a bill to Congress for deliberation and voting in the subsequent assembly. As long as Congress passes it, the matter becomes legal and no one can fault it.

Each member of the Japanese military asset price list received a copy.

Naturally, this matter cannot be concealed, and no one wants to conceal it. The Japanese Embassy in the United States quickly obtained the price list. The ambassador’s first reaction was that his country’s assets would be divided and the information would be sent back to Japan immediately.

After seeing the quotation, the Japanese prime minister and cabinet members only felt that their hearts were dripping blood. These Japanese assets were all built by Japanese people with a huge amount of investment. Now the quotation given by the United States is only twentieth of the original cost. one.

Actually these assets,

It has been confiscated by the US military.

Originally, the Japanese government had given up its heart, but later, the Japanese government repeatedly requested MacArthur and paid heavily for bribes. MacArthur's attitude has changed.

When meeting with the Japanese Prime Minister, MacArthur had already said that when it is confirmed that the Japanese transformation meets the requirements, it will appropriately relax the control, including the seized factories and equipment, and carry out military-to-civilian transformation.

Originally, the Japanese government felt that there was another opportunity.

But now the United States is preparing to sell these seized assets. If they are really sold and become American assets, it will never be possible to return to the Japanese.

To know,

These enterprises, which basically involve all areas of heavy industry in Japan, will cause an irreparable and devastating blow to Japan's heavy industry.

Prime Minister Shigeru Yoshida hurried to visit MacArthur, hoping that MacArthur could stop this.

The U.S. Military Headquarters in Japan is located in the No. 1 Building in Tokyo's business district, across the moat from the emperor's palace. Prime Minister Shigeru Yoshida came to MacArthur's office. MacArthur was reading the newspaper with his pipe in his mouth, and Shigeru Yoshida bowed to see him.

"General MacArthur!"

MacArthur is now the Supreme Emperor of Japan, and he has the right to appoint and remove officials. The emperor will ask for peace. When Yoshida sees MacArthur, he is as respectful as seeing his own master.

"You called me and said something important, what is it?" MacArthur asked.

Shigeru Yoshida hurriedly submitted the list of prices for blocked companies. MacArthur took it and looked at Shigeru Yoshida next to him: “This is the message from the ambassador to the United States. , These assets may soon be acquired by others."

"We inquired that this asset price list was made by Mr. Jon Hardy, Special Envoy for Economic Guidance."

Jon Hardy.

MacArthur changed his position by pinching his corncob pipe.

He naturally knew that President Johnson recently appointed a special Japanese economic envoy to solve Japan’s collapsed economy after the “Dodge Project”, so that the United States does not have to continue to invest in aid, and that the Japanese can be self-sufficient.

The American idea is to control the Japanese, but it is not to completely play him to death. That would be a loss to themselves. The ideal state is to be self-sufficient and subject to control, so that it will be easier to manage.

The later development of Japan was actually unexpected by the Americans.

For that Jon Hardy, MacArthur did not catch a cold. It is said that he used to be a member of the Marine Corps, a soldier of his own.

But a few years after returning to the United States, he became a billionaire, established the Hardy Group, and invested in Johnson’s successful campaign, which made a little guy become a Japanese economic envoy.

I am the Supreme Commander-in-Chief of the Allied Occupation Forces in Japan. I have the highest authority and can command Japan at will. Now I have a special economic envoy. MacArthur, who originally wanted to do what he wanted to do, feels himself. His authority was provoked, so he didn't wait to see Hardy from the beginning.

Not long ago, he received another sum of gold from the Japanese.

The Japanese begged him to get back some of the companies that had been sealed up.

Some companies must seal up, such as factories that produce battleships, fighter jets, tanks, guns, and ammunition. These will not be returned to the Japanese in any way. However, some supporting factories are actually in the scope of whether they can be sealed.

In the face of gold, MacArthur originally planned to release a batch to the Japanese in some time, but now Hardy has come up with a price list and intends to sell all those companies, which disrupted all MacArthur's plans.

He hates the feeling of being disrupted by others.

Originally unhappy with Hardy for robbing part of his power, and now letting what he promised failed, MacArthur felt a little more annoyed at that Jon Hardy in his heart.

"I will telegraph President Johnson to express my attitude and see if this matter can be eased." MacArthur said with a puff of smoke.

Shigeru Yoshida bowed quickly, "Thank you, Your Excellency General, for your mediation."