The Underground Emperor: Starting from Running Away with Sister-in-law

At that time, the market valuation of Sunyang Group was approximately 500 trillion won!

in other words...

Under his operation...

Not only did the Chen family successfully take over the huge Shunyang Group...

It also reduced the basic calculation amount of the equity inheritance tax that was originally payable from 140 trillion won to 35 trillion won!

Based on a 50% inheritance tax...

The original inheritance tax to be paid was 70 trillion won, but now it only needs to be 17.5 trillion won!

And this is just the tax on equity.

Now let's talk about his personal assets such as cash, antiques, jewelry, and real estate...

After decades of wealth accumulation...

How could his personal assets be only 3 trillion won?

According to Mou Xianmin's calculations...

It should be at least 20 trillion won!

in other words...

The tax amount for Chen Yangzhe's personal estate also increased from 10 trillion won to 1.5 trillion won.

In summary...

Chen Yangzhe's actions saved at least nearly 60.5 trillion won for his children!

Hearing this...

Ding Xin couldn't help but sigh: "Wow, this saves four Golden Gate Groups!"

However...

He also keenly discovered a loophole in Mou Xianmin's explanation!

"Hyun-min, based on what you just said, isn't this so-called inheritance tax just a formality?"

Ding Xin frowned and asked with some doubt: "Are all the people in the South Korean tax agency idiots? After all, in the big picture, Chen Yangzhe held 28% of Shunyang Group's shares when he was alive, but when he died, he only held 7%. Who would believe this?"

"Why don't you believe it?"

Mou Xianmin smiled and explained: "Chairman Chen Yangzhe was able to start from scratch and create such a huge foundation...

With the foundation laid by President Chen Yangzhe, why can't his children make a name for themselves?

Let me give you a simple example and you will understand!

Take Chairman Chen Yongji for example...

If the tax department inquires about him, he can directly reply that the old president Chen Yangzhe only provided him with an interest-bearing loan.

Then he used the money to acquire majority stake in a subsidiary of the group, and through his management, made this subsidiary prosper!

Later, due to the need to expand business, another subsidiary was acquired!

Although the acquired subsidiary owns the equity of Shunyang Commodities...

But the fact that it is poorly managed does exist!

There are also traces of the loan that Chairman Chen Yongji originally obtained!

All of this followed the normal process!

In this case, who can find fault with it?

Can’t pick one!”

"That actually makes some damn sense!"

Ding Xin nodded thoughtfully, but Mou Xianmin, who was in the mood to talk, had no intention of stopping there. He smiled and, as a "half-party", told some other inside stories...

"Do you think the 19 trillion won inheritance tax is the final amount?

I tell you, no!

When the tax department calculated the tax amount, the Chen clan members directly questioned them...

No, that's not right!

The word "question" is not appropriate, I think "complain" would be better.

after all...

Although nearly 60 trillion won in inheritance tax has been saved, the remaining 19 trillion won to be paid is also a staggering figure.

They found many excuses for this and just kept dragging their feet and refusing to pay.

Because of this incident, Chen Yongji, who had taken over as chairman at the time, was even exposed for bribing tax officials to reduce inheritance tax!

The matter lasted for a long time, and he was prosecuted and sentenced to probation.

And this suspended sentence is well worth it!

Because of the sentence, the Chen clan also gained the sympathy of the public!

Finally, under the attention of public opinion...

South Korea's national tax department took various factors into consideration and privately reduced the inheritance tax of 4 trillion won for the Chen family members!

certainly...

This has never been made public!

In addition, the tax department also agreed to the Chen family’s request to pay in installments at a very low interest rate!

And they put on a show every year.

Family members will announce to the public that they want to sell some of their shares to pay inheritance tax, but in fact they are just transferring money from one hand to the other and pretending to be miserable!

As far as I know...

Until now, the Chen family has not paid all the inheritance taxes..."

......

Chapter 560 Pour cold water on

Her words were just like popularizing knowledge to Ding Xin.

Even though Ding Xin is now a major shareholder of two chaebol companies, he has both money and connections.

But honestly...

Leaving aside the Babel Group, although the Kinmen Group has grown rapidly, it is, after all, just a makeshift team and has not reached the stage where these issues are involved.

Everything Mou Xianmin said just now completely touched upon Ding Xin's blind spots in knowledge.

and...

This kind of knowledge is simply not accessible to ordinary people!

Perhaps only a young lady like Mou Xianmin, who comes from an old chaebol family, would understand the ins and outs of this.

As Mou Xianmin slowly tells the story...

A look of realization gradually emerged on Ding Xin's face.

now...

He suddenly thought of the Lee family in another time and space, which was known as the No. 1 chaebol group in South Korea.

Let me tell you one thing...

The scale of that chaebol group is much larger than that of Shunyang Group!

But when the Lee family inherited that huge estate, they only had to pay a total of 12 trillion won in inheritance tax!

When Ding Xin saw the news, he was also confused...

Although this amount of money is indeed a number that ordinary people cannot even imagine in their dreams, it is very scary!

But you know...

The annual profit of that chaebol group accounts for more than 20% of South Korea’s national GDP!

in other words...

There are at least several hundred trillion won in profits every year!

What kind of concept is this?

After decades of accumulated wealth, you only have to pay 12 trillion won in inheritance tax?

It’s a bit too little!

But then Ding Xin saw the news about the Li family's shareholding ratio in the entire group...

I was surprised to find that the family only held a few shares of the group...

No wonder you only have to pay so little...

However...

After listening to what Mou Xianmin just said.

Ding Xin suddenly realized...

He is narrow-minded!

In fact...

Maybe it was on the news in another time and space...

It only reported on the proportion of the Li family's personal shareholding in the entire group's parent company...

Just like the Shunyang Group today.

On the surface...

Currently, the entire Chen family's personal shareholding in Shunyang Commodities, the parent company of Shunyang Group, only adds up to nine percentage points.