Hardy Empire 1945

Everyone here is interested in the policy of the Cayman Islands. Hardy smiled and said to Andy: Andy, come and introduce it to everyone.

These days, Hardy and Andy have been studying Cayman’s affairs. The idea of ​​establishing Cayman as a tax-free area and a tax haven was proposed by Hardy and told Andy what he knew about tax havens for later generations.

Andy was amazed by the concept of a tax haven.

Taxation is the most important part of maintaining the operation of a country's government. If the government does not collect taxes, it will not be able to continue to operate. But Cayman is different. Cayman is a small place and requires very little capital. Moreover, Cayman belongs entirely to Hardy himself. , as the owner of the Hardy Group, Hardy doesn't care about the little tax he collects.

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

Let me talk about the Hardy Group first. It has many industries overseas, including Hong Kong, the United Kingdom, France, the Netherlands, Italy... and Japan in the future.

The asset scale is about 200 million US dollars.

If these companies make money in the future and transfer the profits back to the United States, they will be severely charged a large sum of money by the United States.

In the past, most of them were transferred to Switzerland, but Switzerland also needs to pay part of the tax, and the fees for fund management are 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 money will be saved.

In addition, it can also become a concentration place for other trade funds. If other people settle in Cayman and remit the money to Wells Fargo, Wells Fargo’s capital will expand rapidly, and it can develop into a global super-large bank in a short period of time.

As long as you have money in the bank, you can do whatever you want.

These days, Andy led the lawyers and financial team to continuously improve the financial management policy of the Cayman Islands, and now it has begun to take shape.

The Cayman Islands will adopt a tax exemption policy in the future and will not impose any direct tax 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. There is no nationality restriction, as long as they are at least 18 years old.

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

Only one shareholder and one director are required to open a company, and the shareholder and director can be the same person. There are no other restrictions on the use of the company except for applications for banking, insurance, and military affairs.

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.

Enjoy a high degree of privacy.

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

This is complete money laundering without any restrictions, which can be described as blatant and unscrupulous.

For many people, this one is simply too important.

Cayman is an autonomous territory of the Commonwealth of Nations, so it is protected by the United Kingdom, which can ensure Cayman's security, but Cayman is also an autonomous territory, which can implement its own administrative regulations and taxation policies.

For companies in Cayman, they will charge account opening fees, annual report fees and annual review fees. These are fixed fees and are used to maintain the company's operations. There are no other fees other than that.

people know

This amount of money is nothing to a company and can be completely ignored. It is estimated that it is only a few hundred or thousands of dollars a year. However, if there are more companies, they can receive a lot of money every year, which is enough to maintain the Cayman Islands.

Andy continued:

Opening a company in Cayman is convenient for companies to carry out transnational operations, and helps companies avoid trade barriers and foreign exchange controls. The registration process is convenient and management is convenient. It is very suitable for overseas investment operations, such as our investment in Japan this time. An Dido.

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

The other persons in charge also nodded.

They are all bigwigs in finance, so 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 Island now?

Only Wells Fargo, Andy said.

Cayman belongs to Hardy, and Wells Fargo is Hardy's private property, with 100% shareholding control, so Wells Fargo will naturally be the settlement bank.

Settle with Wells Fargo.

Whether it is money laundering, smuggling, drug trafficking funds, or corporate funds prepared to go overseas for tax avoidance, they will all be remitted to Wells Fargo Bank of the Cayman Islands.

These bigwigs immediately realized that there might be countless funds pouring into the rich countries in the future, and the funds of the rich countries would rapidly expand.

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

When Andy said just now, except for banks, insurance, military and other companies, there are no restrictions on other companies, that is to say, 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 understands that in Cayman, where there is no tax and foreign exchange control policy, the role that banks can play is simply too great.

That's why we stipulated that the establishment of banking, insurance, securities, trusts, funds and other financial industries in Cayman, or pay a certain tax, of course, much lower than other places, or allow Wells Fargo to invest.

Finance is too lucrative.

The policy of the Cayman Islands is so loose.

There will certainly be many financial industries ready to take advantage of this loose monetary policy for profit, which virtually robs Hadi of resources.

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

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

Fortunately, what Hardy asked was to invest in a financial branch company established in the Cayman Islands, which did not involve the fundamentals of the consortium, but only to earn part of the profits in the Cayman Islands' circulating funds. These consortiums felt that it was completely acceptable.

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

“We, Manhattan Bank, are also planning to open a branch in Cayman.”

“Mellon Financial also intends to open a financial investment arm in Cayman.”

Subsequently, people from the DuPont consortium, the Cleveland consortium, and the Texas consortium also expressed their intention to open financial institutions in Cayman.

As for shareholding ratio.

Hardy’s principle is that Wells Fargo’s shareholding in these Cayman Islands banks should not be less than 30%.

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

Someone wants to track down the money.

It is as difficult as climbing to the sky.

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

Faced with this network of influence, the US government must be afraid, because the politician who issues the order has to consider the consequences of offending several major consortiums.

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

After President Johnson read the quotation, his first feeling was that the unit price was a bit cheap, but when he saw the total price.

$570 million.

Followed by heart.

Now Japan is extremely poor, and they still owe tens of billions of dollars in war indemnities. The government has no money, and the people have no money.

If you can get this 570 million US dollars.

The U.S. government can do a lot of things.

Hardy told President Johnson: I hope that the President will submit this list of transactions to Congress. If Congress agrees, I plan to sell it out, so that a sum of money can be recovered. This money is very necessary to rectify the Japanese economy.

Well, I'll take it to Congress as soon as possible, and I'm sure they'll be happy to get rid of these useless assets and restore Japan to self-sufficiency, said President Johnson.

Then President Johnson proposed a bill to the Congress, asked the members to consider it, and voted at the subsequent general assembly. As long as Congress passed it, this matter would become legal, and no one could fault it.

Each member of the Japanese military industry asset price list was given a copy.

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

The Japanese prime minister and cabinet members, after seeing the quotations, only felt bleeding in their hearts. These Japanese assets were all built by the Japanese people with painstaking efforts and huge sums of money. Now the quotation given by the United States is only 20% of the original cost. one.

In fact, these assets,

It has been seized and confiscated by the US military.

Originally, the Japanese government had given up, but later, the Japanese government asked MacArthur many times and bribed him heavily. MacArthur's attitude has changed.

When MacArthur met with the Japanese Prime Minister, he relented and said that when it is confirmed that the Japanese transformation meets the requirements, the control will be appropriately relaxed, including the seized factories and equipment, and the conversion of military to civilian transformation will be carried out.

Originally, the Japanese government felt that it had another chance.

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

To know,

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

Prime Minister Shigeru Yoshida hurriedly visited MacArthur, hoping that MacArthur could stop the matter.

The U.S. Army Headquarters in Japan was located in the First 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 a newspaper with a pipe in his mouth, and Shigeru Yoshida bowed.

General MacArthur!

MacArthur is now the overlord of Japan, who has the right to appoint and dismiss officials, and the emperor wants to greet him. Shigeru Yoshida respects MacArthur as he sees his own master.

You called me to say something important, what is it? MacArthur asked.

Shigeru Yoshida quickly submitted the price list of the seized enterprises. MacArthur took it over and looked at it. Shigeru Yoshida next to him said: This is the message from the ambassador to the United States. President Johnson submitted this price list to Congress and hopes to pass it. If Congress passes , these assets may soon be acquired by others.”

We found out that this asset price list was produced by Mr. Jon Hardy, the Special Envoy for Economic Guidance.

Jon Hardy.

MacArthur changed his position while holding his corncob pipe.

He naturally knows that President Johnson recently appointed a Japanese economic special envoy to solve Japan's economy that is on the verge of collapse after the Dodge Plan, so that the United States does not have to continue to invest in aid, so that the Japanese can be self-sufficient.

The idea of ​​the Americans is to control the Japanese, but it is not to kill him completely. That would also be a loss to himself. The ideal state is to be self-sufficient and be controlled, which makes it easier to manage.

The subsequent development of Japan was actually beyond the expectations of the Americans.

For that Jon Hardy, MacArthur is not cold, it is said that he used to be a member of the Marine Corps, and he used to be a soldier under him.

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

I am the Supreme Commander-in-Chief of the Allied Powers in Japan, with the highest power, and I can command Japan at will, but now I have a special economic envoy. MacArthur, who originally wanted to do whatever he wanted, felt that his authority was being challenged, so He hated Hardy from the start.

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

The Japanese begged him if he could take back some of the seized businesses.

Some enterprises must be seized, such as factories that produce warships, fighter jets, tanks, guns, and ammunition. These will not be returned to the Japanese in any case, but some auxiliary factories can be sealed or not.

For the sake of gold, MacArthur originally planned to release a batch to the Japanese in a few days, but now Hardy came up with a price list and planned to sell all those companies, which disrupted all MacArthur's plans.

He hated the feeling of being disrupted from his plans.

Originally, he was unhappy that Hardy had robbed him of some of his power, but now that he had failed what he had promised, MacArthur was 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 hurriedly bowed, Thank you General for your mediation.