Wall Street Legend

As a super rich man with a net worth of over 10 billion US dollars, not much less than Ye Dongqing, he has a certain magnanimity about him.

Others can be tempted with political donations, but this problem does not exist for Mayor Bloomberg. He already has too much money to spend.

The main reason why I came to be the mayor of New York is because I have no other pursuits, so I am asking for trouble at this age, giving up the superior life that others dream of, and commuting on the subway every day like ordinary people. You will suspect that he cannot afford a helicopter or the most luxurious yacht.

At the level of Michael Bloomberg, plus he specializes in financial news, how could he not know what is hidden in tens of thousands of so-called charitable trusts across the United States? In summary, it is nothing more than tax avoidance Just these two words.

The tax rate for the rich is often lower than that for the middle class, and the inheritance tax is almost in name only. The law specifically leaves such an operable loophole, and no one even dares to make a fuss about it. If you want to close this gap, who will suffer the consequences? It's unbearable. It's simply an enemy of the richest people in the country.

Bloomberg was no exception. He had no interest in taking care of Ye Dongqing's philanthropy. He just reminded Ye Dongqing that the tax payment was low. This sentence made Ye Dongqing not know what to say, and he said with an aggrieved smile: According to the market price, if I think it is acceptable, of course I will buy it. After the building is completed, there will be real estate taxes. However, I plan to keep most of the floors for my own use. I can’t spend more money on this. I still have a lot of foreign debt. It’s not returned yet.”

What, you don't plan to donate the building as well?

Seeing such a Chinese-American business genius coming out of New York, to be honest, Bloomberg was also very impressed with him. When Ye Dongqing almost had an accident, he had looked at the financial report of Tamsui Investment Group. Recently, he had heard some news one after another. He understood that The debt was nothing compared to the speed at which his wealth was rising.

Although the old and the young didn't meet often, Mayor Bloomberg often heard about things related to Ye Dongqing from others. Perhaps because he felt that he was young, he teased him unscrupulously.

...I will donate, but that will definitely be something in the future. You don't know how pitiful real estate tax is. If it can be deducted, I can consider staying in the company. If it is rented out and I can make money, then forget it, but I But for my own use, the holding cost is so high that it makes me feel bad.”

Ye Dongqing told the truth. The real estate tax in New York is as high as 3%, while in ordinary cities it is only 1%. Adding insurance, maintenance, etc., it is a huge expense every year.

As housing prices rise, so will taxes. It may not necessarily be more than 3%, not to mention the depreciation of the U.S. dollar in recent years. It is not a cost-effective business to hold it yourself, but donating it is a waste of money. , rent does not need to be taxed, and real estate tax is also exempted, but this can only be implemented after the foreign debt is paid off.

There are many rich people and companies in New York, but the poorest thing is the city hall. Ever since Bloomberg accepted this mess, he has had many headaches with welfare, public expenditure and other issues.

Seeing that Ye Dongqing is such a miser, he was filled with anger. Because everyone is like this, the tax bureau cannot collect much tax, and in the end it can only shear the sheep of the poor middle class. Mayor Bloomberg rolled his eyes. Call an official and ask him to discuss specific matters with Ye Dongqing.

After measuring and drawing, I chose a location close to the Hudson River. A total of 420,000 square meters of land was required, which is almost as big as two Empire State Buildings. The main reason was that I didn’t want it to be too close to other buildings. Close, blocking the light from the lower floors.

The project requires about 300,000 square meters, and the rest can be used to build auxiliary buildings, which can be rented or sold. You can also build a commercial complex by yourself. You have even thought about the shape, a big snake, a small snake, Or get a snake egg out, the building complex will definitely look better than a single building.

The reason why I am so proud is because I have asked Citibank. Loans for buying land and so on are all available at your convenience. You can even borrow money from them to build a building. The interest is extremely low. The only requirement is When Ye Dongqing decides to list which companies, the majority will be handed over to Citigroup's departments, and the ownership of the building and land will be temporarily mortgaged to them.

Ye Dongqing was bored on weekdays, and finally found something he really wanted to do. He agreed on the phone without saying a word. It was beneficial to both parties. He didn't think any other bank could offer better conditions.

The price has been calculated at this moment, and it will cost about two billion U.S. dollars. Once the decision is made, it cannot be obtained immediately. It needs to be discussed and decided by Bloomberg and others. His request is to pay it off in four years, which can reduce the loan. Mayor Bloomberg was willing to do this small favor and said he would consider it.

There shouldn’t be much of a problem. After all, purchasing raw materials and hiring workers can also add to New York’s economy, not to mention the approximately US$2 billion in land sales. You must know that in New York, which has a lot of private land, the city hall has already It's been a long time since I've tried to make a lot of money by selling land. This money is so easy to make, and maybe it can also lead to the sale of other surrounding land.

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After working for more than two hours at the city hall in the lower city, Ye Dongqing ran to the architectural design office and asked them to help revise the plan and brought the land drawings with her.

The construction of the building was originally far away, and the designer was even more sad than Ye Dongqing. This middle-aged white designer named Ted felt that he would never be able to design a building more dazzling than the Cobra Tower in his life.

As an architectural designer, Ted's ultimate dream is to design a landmark building that attracts the attention of the world. It was about to be realized, but it was delayed because of Ye Dongqing's temporary change of heart.

A few months later, just when Ted thought the project was over, Ye Dongqing appeared in front of him again, with surprise written all over his face. When he heard that he was about to get the land, he almost jumped with excitement. , hurriedly asked: The project can start this year? Are you sure this is true, right?

Hmm... This building seems cooler than I imagined. I like it.

Ye Dongqing was standing in front of an exquisite building model. It was almost one meter tall. It was made of metal and dark glass. It even glowed just like he imagined. When it glowed, his eyes lit up. His body was covered with sharp geometric patterns. It can be seen that a lot of care was taken during the production, giving him the illusion of being stared at by a real cobra, which is quite exciting.

He added: But the land I bought is relatively large, so I hope you can design a building complex. There is still about 100,000 square meters of land left. How about building two small Cobra buildings about 100 meters tall? It's best to have some changes. , don’t all look the same…”