Chapter 131： way of tax avoidance

Head to head Hollywood 131 author Qian Duxue full text 3425 words

After the reception of the Golden Globe Awards, it was nearly 12 midnight, Dunn sent Natalie home. Of course, it was impossible to bring it home, but to Shirley Hirschler's place. Shirley Hirschler has resigned from the WMA brokerage company, officially joined Dunn Films, and was appointed by Dunn to manage taxation. Dunn saw her several times in the company, and every time she was busy, as if she had endless work at hand. According to Secretary Ella Fisher, Shirley Hirschler reimbursed a lot of financial and legal reference books, and the total price exceeded 10,000 US dollars! While Dunn lamented that the intellectual property rights of the US imperialists were too expensive, he also secretly praised Shirley Hirschler. She is 45 years old and still so enthusiastic in her work. Natalie's self-motivation is influenced by her, right? "Mom, why haven't you rested yet?" Natalie looked at Shirley Hirschler in surprise when she saw Shirley Hirschler walking out of the study. "There is still some work at hand." Shirley Hirschler reached out and stroked Natalie's hair, "It doesn't matter if you don't win the award, there are still many opportunities in the future." Natalie wrinkled her nose, "I know! Dunn said with a smile: "I'm sorry, Shirley, I'm here to disturb you so late." Shirley Hirschler waved her hand gently, "You're too polite, I thought you weren't coming back." Tully raised her eyebrows when she heard this, "Where are you going if you don't come back? Mom, you're not trying to drive me away, are you? I don't agree!" "This girl!" Shirley Hirschler shook her head, a little helpless, Tang En changed the subject with a smile, "Sherry, is the work going well? You know I've been busy with the movie, the company's affairs... I don't get involved much." Shirley Hirschler's face suddenly became solemn, " Tang En, I was just about to tell you about this. In the past, Tang En Films was just a film studio, and it didn't matter if the system was loose, but after the acquisition of Marvel, it was necessary to establish a company system at night, especially one The real manager." Dunn fell silent. Shirley Hirschler said: "Dawn, I know you are a director, you love making movies, just like Spielberg. But Dunn Pictures is a film company, and it is not only about film content, but also about operating, Issues such as distribution, publicity, public relations, taxation, etc." "Mom is right, Dunn, you should find a manager!" Natalie poured herself a glass of juice, curled up on the sofa, holding a Drinking from a straw, he nodded in agreement. Dunn smiled, "Actually, I'm already working on this." "Oh? Who?" "Bill." Natalie smiled and gave Dunn a somewhat embarrassed look. During the reception, she and Dunn chatted about two "Bills", one was the president and the other was the richest man. The content of the topic... is very scary. Dunn didn't give a shit, and said bluntly, "It's Bill McNick." Shirley Hirschler's eyes widened, a little incredible, "Bill McNick? The resigned Fox CEO?" Dunn laughed. : "It's him!" "How is this possible?" Shirley Hirschler looked in disbelief. "It's impossible to always try to know." Dunn shrugged, his face was very calm, "I think Bill still has the enthusiasm for work, he has not yet reached the age of retirement. More importantly, so far, I only believe He can help me manage Dunn Pictures." Shirley Hirschler pondered for a while and didn't say much on this topic. This will be the most important personnel appointment in Dunn Pictures, even if she is Natalie's mother, she has no right to interfere. "By the way, there is one more thing, the tax issue." Tang En was a little big. Shirley Hirschler had a serious look on her face, very solemn, "Dawn, I think you have seriously neglected the tax treatment, this is a major mistake!" "No, I have left it to the tax company to deal with it. " Dunn opened his eyes wide. Shirley Hirschler's face flashed with disdain, "Tax company? Dunn, you think too simply." "What do you mean?" Dunn's face suddenly changed, "You mean the tax company will defraud me? "On the contrary, they pay your taxes openly and transparently in accordance with legal standards." Shirley Hirschler shook her head. Tang En raised his brows, "How do you say it?" Shirley Hirschler was a little scornful, "It is this legal and reasonable tax payment that is the biggest irresponsibility of the tax office!" Tang En suddenly understood Shirley ·Herschler's meaning, gray area, legal edge, tax avoidance! The tax company didn't do a good job of helping him avoid tax. Shirley Hirschler said: "Dawn, to put it simply, let's take "Titanic" as an example. What you get is $5 million plus 10% of the global box office dividend, right?" "Well." "What's the percentage of tax you pay? How many taxes have you paid in total?" Dunn thought for a moment, ""Titanic"...about I received a total of $193 million, federal tax 39%, California regional tax 9.3% , the total tax payment is about 93 million US dollars." Natalie heard this for the first time, her eyes widened and she exclaimed in surprise. She starred in "The Girl Who Moved Soul", and the salary was only 500,000 US dollars, which was still in Dunn's face. Unexpectedly, Dunn made nearly 200 million US dollars in one movie! This gap is too big! Natalie was a little angry and a little lost. When Shirley Hirschler heard Dunn's tax declaration of $93 million, she felt distressed like a drop of blood, and gave Dunn a deep look, "Don't you think the tax is too high?" "It's high... Huh? Is there a solution?" Dunn finally understood what Shirley Hirschler meant. Shirley Hirschler said: "Dawn, I have done a lot of research recently. Guess what was the average income tax of the top 400 richest people in the United States last year?" Dunn looked at her blankly. "27%!" "It's impossible!" Tang En blurted out, he is a billionaire, and he has to pay 48.3% of his personal tax. Those super-rich with billions and tens of billions of dollars have lower tax rates? Shirley Hirschler shook her head and explained slowly, "Dawn, let's take "Titanic" as an example. If the 10% of the box office dividend is not the director's salary, but the investment, you know what the result means. Don't you?" Tang En didn't understand taxation and was confused. Shirley Hirschler said: "This means that the 10% of the box office dividend is your investment income. For investment income, you pay not personal income tax, but capital income tax!" Tang En suddenly widened his eyes, It's as if I've discovered a new world, and I'm short of breath. "Capital income? "Titanic" took more than a year from filming to release, so I only need to pay 15% capital income tax?" "That's right!" Xue Leigh Hirschler finally smiled, "Imagine, for a director's salary of $5 million, 39% of the federal tax is paid, the California regional tax can be easily operated and exempted, and there is no state tax in Nevada. As for the 188 million box office dividends, only 15% of the capital income tax will be paid, in total..." Natalie rolled her eyes and quickly replied: "I know, 1.95 million plus 28 million, a total of 29.95 million US dollars in taxes ! The average tax rate... 15.5%!" Tang En has become stupid, is this okay? The original US tax rate, there are so many to say. Shirley Hirschler said: "Dawn, you need to set up a wealth management team, with a huge professional team composed of tax accountants, lawyers, and planners. You will pay millions of dollars in salary expenses every year for this. But it will reduce a huge amount of tax for you." Dunn sucked in a breath, "I'll do it now! Damn, I've been tricked by the tax company!" Shirley Hirschler was also a little helpless, "They Acting in accordance with laws and regulations, without choosing a gray area, you can't blame anything. It's just a pity that your income in "Star Wars" will probably be paid at the tax rate of 48.3%, after all... time is short." Tang En laughed With a wave of his hand, "It doesn't matter, just buy a lesson and make up for it later... By the way, the company's corporate income tax, isn't it..." "Of course, 35% federal tax and 8.84% regional tax, any company It's unbearable." Shirley Hirschler nodded, "Especially we are a film companyFederal law and state law, there are many tax reduction policies." "Like?" Shirley Hirsch Xu Le looked a little embarrassed, "I have only recently studied these topics, and I don't know much about it. The company needs to set up its own tax department. Let me give you a general idea. It has become a foundation in Nevada, and the profits of Dunn Films will be collected. If you put it all into this foundation, you can avoid California’s 8.84% regional tax, because the headquarters is here, and you can also enjoy California’s tax reduction policy.” Dunn listened loudly, “You can say the specific company’s tax rate. How much will there be?" "About... 25%." "So little?" Tang En was a little thrilled with joy. Shirley Hirschler said with a smile: "Of course, we are a film company. Any country or region adopts a low tax rate to attract film companies. The 10% federal tax reduction is already considered low. If an offshore company is set up again, the average tax rate will be lower if the overseas income does not enter the United States." For the first time, Tang En discovered that managing a company is so complicated! The tax rate issue alone made him devastated and paid a price of hundreds of millions of dollars. Fortunately, he finally found the problem. Bill McNick's invitation, Dunn's heart is more urgent. "Xue Li, you will be responsible for the company's taxation work in the future. Your main job now is to set up the taxation department!" Tang En looked solemn, exuding a discord that was very incompatible with his age. Courage and majesty. Shirley Hirschler was overjoyed. In charge of taxation? This is the top management of the company! Shirley Hirschler has her own careful thinking and small tactics. She inquired about Dunn's ups and downs in the stock market some time ago. With such a talented and capable boss, will the scale of Tang En Films be small in the future? Shirley Hirschler seems to have seen her walk in Hollywood, shouting back and forth.