Chapter 408 Tax Haven

"Let's point out a simple fact. The Newfoundland fisheries are indeed some of the best in the world. Fishing alone will allow Newfoundland to return to its previous standard of living within a few years. Newfoundland's current debt problem will, in the long run, Saying it was never a problem.”

"But even so, Newfoundland cannot rely solely on fishing as a seasonal industry for development. There are many things that deserve more attention than fishing. Newfoundland's 440,000 square kilometers have vast coniferous areas. Forest coverage, as long as we use a small part of it, we can get out of the current predicament faster."

"The reconstruction of Europe has begun, and the demand for various raw materials will surge. This is also an opportunity for Newfoundland. I can already see the future of Newfoundland. It is about to enter a stage of rapid development. It is better than what we can see." Almost anywhere.”

"The problem currently plaguing Newfoundland is nothing more than a lack of manpower, but from another perspective, this can be called a happy trouble. Newfoundland's current predicament is like an ordinary person discovering a mysterious thing in the mountains. A gold nugget weighing dozens of tons cannot be carried home by one person."

In Alan Wilson's words, why are Canada and Australia just enjoying themselves? What does it mean to be rich in resources? Newfoundland, with less than 200,000 citizens and only a few hundred thousand adult citizens, is a resource-rich template.

Newfoundland's current predicament was described by Alan Wilson as, there's money on the ground, but the residents of Newfoundland don't want to bend the knee?

In this case, if there is a shortage of manpower, then external forces should be used to supplement it.

Although the general overview of Newfoundland is a little bit armchair, it is generally consistent with the facts. In the end, Alan Wilson said that Newfoundland's potential is not limited to unused forestry resources, and Newfoundland's positioning can be broader.

"London has never forgotten this place, and will never forget that Newfoundland paid a heavy price for the British. Residents of Newfoundland, good night, change starts from this day. I hope that tomorrow's morning will come, and you can get up and welcome us with hope. Come to a new day.”

Chicken Soup for the Soul, which lasted for half an hour, was heard by many Newfoundland residents as Alan Wilson's first communication between Newfoundland Chief Executive and local residents.

Early the next morning, Alan Wilson got up and went directly to the Newfoundland Anglican Church in St. John's. Its full name is the Anglican Church of the Dominion of Newfoundland, but Newfoundland is no longer a Dominion.

In essence, Alan Wilson was unfamiliar with any sect of Christianity, and he did not believe in any religion at heart. But if he does as the Romans do, he can pretend to be a believer in God.

At present, the Anglican Church of Newfoundland is the largest religious group in British Newfoundland. In St. John's, the Newfoundland Council held a brief installation ceremony, and Alan Wilson issued the first executive order.

"A company settling in British Newfoundland, once registered, does not charge any form of tax and only needs to pay an annual management fee of fifty pounds, regardless of the size of the company."

"The inheritance tax was enacted at the same time, prohibiting any inheritance and related taxation."

In the Governor's Palace of Newfoundland in St. John's, Alan Wilson issued the first executive order. As far as Newfoundland, which is currently a colony, what he said could mean what the British Empire meant and what he said was lawful.

During the communication with the Newfoundland Committee, Alan Wilson stated that a population census should be carried out immediately.

And promulgating immigration threshold standards, "You will never imagine how hot Newfoundland status will be in the future."

"I cannot imagine what effect it would have," asked Joseph Roberts Smallwood, the governor of Newfoundland.

"Oh, dear Joey. Just do what I say." Alan Wilson said with a smile, "I heard that you are a socialist? Then you may not understand the power of this policy."

Although the British Empire has disintegrated in the 21st century, Britain still has several very small colonies in its hands. It is built as a financial center just like the mainland. In fact, it is more accurate to call it a tax haven.

Panama, Cayman Islands, Bermuda, British Virgin Islands, Barbados, Bahamas and Costa Rica in the Caribbean; Ireland, Netherlands, Luxembourg, Switzerland, Malta, Gibraltar and Cyprus in Europe; Mauritius in Africa, etc.

Most of these tax havens are very small island countries. Since there are few local resources and industries, they can only find other ways to avoid taxes by providing offshore financial services and attracting individuals and multinational enterprises to set up companies in their countries at very low or even zero tax rates.

The total wealth of these inconspicuous islands alone accounts for 8% of the world's total wealth, which is close to 10 trillion U.S. dollars. So as the first British Newfoundland to eat crabs, how can it You won't lose anything.

Furthermore, it is said that British Newfoundland only has a small population and fits the characteristics of these tax havens, but in fact Newfoundland is no worse than Australia in terms of per capita resources, and it is not much worse without the bonus of tax havens.

But Alan Wilson wanted to make progress too much. He felt that the natural fishing grounds and the Chinese workers who arrived immediately to support the forestry resources were still not enough, so he directly introduced the tax havens that had only gradually emerged in the 1960s.

In the current situation, the inheritance tax in the UK is very high, and as the Cold War gradually becomes clearer, European countries will almost never see tax reductions because they are on the front line.

Alan Wilson is not clear about the inheritance tax situation in the United States, but there is a famous saying in the United States that there are two things that cannot be escaped: death and paying taxes.

Paying taxes in the United States is not an ordinary problem. Once the date comes, it must be done on the same day without delay for a day.

April 15th every year is the most painful time for middle-class Americans. If the tax refund is fine, if the tax is paid back, it must be sent on this day, otherwise you will be fined. When I paid my taxes, I realized that at least 30% of my hard-earned income in a year was turned over to the government. The government chose April 15th very well. If you think about it, the poorest middle class in the United States were basically working for the government before April 15th. All the money earned before this day was used to pay taxes, and sometimes it might not be enough.

As for sidelining the CIA and FBI, the reputation of the US Internal Revenue Service, which is well-known in the joke world, will be familiar to any political enthusiast.

"Pay taxes to the federal government on time!" The American gangster who left his famous last words died just last year.

The IRS has law enforcement priority, that is, if the CIA and the IRS arrest a person at the same time, the CIA suspects that he is a Soviet spy, and the IRS suspects that person is tax evasion, and people from the two departments collide. Once together, the CIA must watch as the IRS takes the man away.

Alan Wilson doesn’t know whether Americans’ pensions for fallen servicemen in this era will have to be taxed, but future generations will have to pay them anyway. The figure calculated by the IRS is the pension for fallen service members.

Alan Wilson did not slander the Newfoundland governor in front of him, he was a self-proclaimed socialist. However, as far as Alan Wilson is concerned, Mr. Joseph Roberts Smallwood, who took the initiative to join Newfoundland and join Canada, should be a verbal socialist. He can shout slogans in line with the fashion, but the rest is just so-so.

The emergence of tax havens occurred at the height of the Cold War, when Eastern European countries generally distrusted the United States. They all put some foreign-related funds in European countries.

In fact, to make a tax haven, you only need to make three main preparations: business activities are rarely controlled by laws and regulations, the procedures are simple, and it is tax-free. The borrowing currency in the offshore financial market is overseas currency, and the borrower can freely choose the currency type. The lending relationship in this market is between foreign lenders and foreign borrowers, and this lending relationship involves almost all countries in the world.

There are 600,000 companies in the British Virgin Islands alone, one-third of which are related to China.

"Joy, let's talk about another question. Where is the best forest area on the island? Are there any conditions that can be used to use it? I mean it is best to use the river."

Alan Wilson has understood the basic conditions of Newfoundland. Railways are not available. There are only so few people on the 110,000-square-kilometer island. How could anyone build railways connecting major residential areas?

Since railways cannot be used, we can only make use of the miracles of nature. The use of rivers is also very important in timber production.

Wood can be stored for a long time when dried, and it can also be stored for a long time when completely soaked in water. But if it is in a neutral environment, it will decay.

He remembered that in his previous life, one year in his hometown, he harvested logs deposited in the lake next to the forest area. These logs, the oldest of which had been soaked for decades, were in the same quality, or even better. After all, timber of the same diameter had already been harvested. Gone.

On a large island of more than 100,000 square kilometers, Alan Wilson can log for a year without worrying about whether it will damage the environment. For the size of Newfoundland, even 10,000 cubic meters per day is a drop in the bucket.

It is absolutely impossible for such a large island to be used without rivers. Alan Wilson said that he wanted the local governor in front of him to take him to conduct a survey to see where he could generate income.

"Huh?" Joseph Roberts Smallwood pondered for a moment, thinking about what reason would be more appropriate to refuse. After all, this is a physical job.

"Understood, I'll find another guide, and let Savievich find a few people to deal with the wild environment." Alan Wilson said simply. It's not that a verbal socialist can't understand.

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