Reborn Xiangjiang as a Tycoon

Chapter 696

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In the afternoon, Lin Baicheng came to Yum Securities.

The Hutchison Whampoa stocks bought with HK$100 million raised from companies such as Galaxy Games were all sold in the morning. Although they started selling after the stock price exceeded HK$20, because the stock price rose relatively quickly later,

Therefore, the average selling price was HK$24, and 27.8 million shares were sold for a total of HK$667.2 million. After deducting handling fees, the total was approximately HK$667 million.

Generally speaking, there is no need to pay taxes on stock trading and futures trading, you only need to pay a certain handling fee.

However, once you make money through the stock and futures markets, you must pay profits tax, just like a company's profits, and the tax paid on financial investment is higher than the tax paid on normal business operations.

Be higher.

Here in Xiangjiang, the income tax paid on financial investment profits is 10%. Although it is quite a lot, it is much less than that in the United States.

In other words, this time the stock transaction was sold for a total of HK$667 million, the cost was HK$100 million, the profit was HK$567 million, the tax was HK$56.7 million, and the final profit was HK$510.3 million.

However, it is true that there is so much tax to be paid, but the tax will not be paid immediately. The 56.7 million Hong Kong dollars in tax that needs to be paid will be left with Yum Securities to continue operations, and the tax will be filed together at the end of the year.

As for the 510.3 million Hong Kong dollars that can be used freely, it is distributed to companies such as Galaxy Games. Star Cinema is allocated 150 million Hong Kong dollars, Jupiter Toys is allocated 20 million Hong Kong dollars, Asia Television is allocated 50 million Hong Kong dollars, and the rest is allocated to Galaxy Games.

The company goes.

Star Cinema’s 150 million Hong Kong dollars is enough to build a cinema chain all over Hong Kong. This is because the cinema of Star Cinema is a multi-screen cinema with many screens and the theater area will be larger than other cinemas. Otherwise, a cinema chain would not be able to do so now.

You don't have to spend so much money.

The shares repurchased by Hutchison Whampoa were also sold, with 17 million shares sold for a total of HK$410 million, a profit of HK$310 million, and 10 million shares placed in the company. However, the tax here will not be paid until the end of the year.

The company's investment for the year will be deducted. If after calculation it is found that this year's profit is only HK$100 million or HK$200 million, then only this part of the profit needs to be paid tax.

With the 410 million Hong Kong dollars recovered by Hutchison Whampoa, Lin Baicheng asked Nu Bijian to invest in real estate and retail industries. These are asset-heavy investments, and Lin Baicheng specifically asked Nu Bijian not to sell the invested real estate, that is,

For the time being, we only rent and do not sell, so the profit will be limited. The company will not make much money that year, so naturally it will not have to pay too much tax.

When he came to Yum Securities this time, in addition to approving the transfer of more than HK$600 million in stock trading costs and profits, Lin Baicheng also wanted to know about the establishment of a fund.

During the two days of the weekend, Anyuan had already found out more about it.

In the afternoon, Lin Baicheng came to Yum Securities.

The Hutchison Whampoa stocks bought with HK$100 million raised from companies such as Galaxy Games were all sold in the morning. Although they started selling after the stock price exceeded HK$20, because the stock price rose relatively quickly later,

Therefore, the average selling price was HK$24, and 27.8 million shares were sold for a total of HK$667.2 million. After deducting handling fees, the total was approximately HK$667 million.

Generally speaking, there is no need to pay taxes on stock trading and futures trading, you only need to pay a certain handling fee.

However, once you make money through the stock and futures markets, you must pay profits tax, just like a company's profits, and the tax paid on financial investment is higher than the tax paid on normal business operations.

Be higher.

Here in Xiangjiang, the income tax paid on financial investment profits is 10%. Although it is quite a lot, it is much less than that in the United States.

In other words, this time the stock transaction was sold for a total of HK$667 million, the cost was HK$100 million, the profit was HK$567 million, the tax was HK$56.7 million, and the final profit was HK$510.3 million.

However, it is true that there is so much tax to be paid, but the tax will not be paid immediately. The 56.7 million Hong Kong dollars in tax that needs to be paid will be left with Yum Securities to continue operations, and the tax will be filed together at the end of the year.

As for the 510.3 million Hong Kong dollars that can be used freely, it is distributed to companies such as Galaxy Games. Star Cinema is allocated 150 million Hong Kong dollars, Jupiter Toys is allocated 20 million Hong Kong dollars, Asia Television is allocated 50 million Hong Kong dollars, and the rest is allocated to Galaxy Games.

The company goes.

Star Cinema’s 150 million Hong Kong dollars is enough to build a cinema chain all over Hong Kong. This is because the cinema of Star Cinema is a multi-screen cinema with many screens and the theater area will be larger than other cinemas. Otherwise, a cinema chain would not be able to do so now.

You don't have to spend so much money.

The shares repurchased by Hutchison Whampoa were also sold, with 17 million shares sold for a total of HK$410 million, a profit of HK$310 million, and 10 million shares placed in the company. However, the tax here will not be paid until the end of the year.

The company's investment for the year will be deducted. If after calculation it is found that this year's profit is only HK$100 million or HK$200 million, then only this part of the profit needs to be paid tax.

With the 410 million Hong Kong dollars recovered by Hutchison Whampoa, Lin Baicheng asked Nu Bijian to invest in real estate and retail industries. These are asset-heavy investments, and Lin Baicheng specifically asked Nu Bijian not to sell the invested real estate, that is,

For the time being, we only rent and do not sell, so the profit will be limited. The company will not make much money that year, so naturally it will not have to pay too much tax.

When he came to Yum Securities this time, in addition to approving the transfer of more than HK$600 million in stock trading costs and profits, Lin Baicheng also wanted to know about the establishment of a fund.

During the two days of the weekend, Anyuan had already found out more about it.

Before his rebirth, Lin Baicheng also bought funds for two years. Although he didn't make much money, he still knew some of the limitations of funds at that time.

In the afternoon, Lin Baicheng came to Yum Securities.

The Hutchison Whampoa stocks bought with HK$100 million raised from companies such as Galaxy Games were all sold in the morning. Although they started selling after the stock price exceeded HK$20, because the stock price rose relatively quickly later,

Therefore, the average selling price was HK$24, and 27.8 million shares were sold for a total of HK$667.2 million. After deducting handling fees, the total was approximately HK$667 million.

Generally speaking, there is no need to pay taxes on stock trading and futures trading, you only need to pay a certain handling fee.

However, once you make money through the stock and futures markets, you must pay profits tax, just like a company's profits, and the tax paid on financial investment is higher than the tax paid on normal business operations.

Be higher.

Here in Xiangjiang, the income tax paid on financial investment profits is 10%. Although it is quite a lot, it is much less than that in the United States.

In other words, this time the stock transaction was sold for a total of HK$667 million, the cost was HK$100 million, the profit was HK$567 million, the tax was HK$56.7 million, and the final profit was HK$510.3 million.

However, it is true that there is so much tax to be paid, but the tax will not be paid immediately. The 56.7 million Hong Kong dollars in tax that needs to be paid will be left with Yum Securities to continue operations, and the tax will be filed together at the end of the year.

As for the 510.3 million Hong Kong dollars that can be used freely, it is distributed to companies such as Galaxy Games. Star Cinema is allocated 150 million Hong Kong dollars, Jupiter Toys is allocated 20 million Hong Kong dollars, Asia Television is allocated 50 million Hong Kong dollars, and the rest is allocated to Galaxy Games.

The company goes.

Star Cinema’s 150 million Hong Kong dollars is enough to build a cinema chain all over Hong Kong. This is because the cinema of Star Cinema is a multi-screen cinema with many screens and the theater area will be larger than other cinemas. Otherwise, a cinema chain would not be able to do so now.

You don't have to spend so much money.

The shares repurchased by Hutchison Whampoa were also sold, with 17 million shares sold for a total of HK$410 million, a profit of HK$310 million, and 10 million shares placed in the company. However, the tax here will not be paid until the end of the year.

The company's investment for the year will be deducted. If after calculation it is found that this year's profit is only HK$100 million or HK$200 million, then only this part of the profit needs to be paid tax.

With the 410 million Hong Kong dollars recovered by Hutchison Whampoa, Lin Baicheng asked Nu Bijian to invest in real estate and retail industries. These are asset-heavy investments, and Lin Baicheng specifically asked Nu Bijian not to sell the invested real estate, that is,

For the time being, we only rent and do not sell, so the profit will be limited. The company will not make much money that year, so naturally it will not have to pay too much tax.

When he came to Yum Securities this time, in addition to approving the transfer of more than HK$600 million in stock trading costs and profits, Lin Baicheng also wanted to know about the establishment of a fund.

During the two days of the weekend, Anyuan had already found out more about it.

Before his rebirth, Lin Baicheng also bought funds for two years. Although he didn't make much money, he still knew some of the limitations of funds at that time.

In the afternoon, Lin Baicheng came to Yum Securities.

The Hutchison Whampoa stocks bought with HK$100 million raised from companies such as Galaxy Games were all sold in the morning. Although they started selling after the stock price exceeded HK$20, because the stock price rose relatively quickly later,

Therefore, the average selling price was HK$24, and 27.8 million shares were sold for a total of HK$667.2 million. After deducting handling fees, the total was approximately HK$667 million.

Generally speaking, there is no need to pay taxes on stock trading and futures trading, you only need to pay a certain handling fee.

However, once you make money through the stock and futures markets, you must pay profits tax, which is the same as corporate profits, and the tax paid on financial investment is higher than the tax paid on normal business operations.

Be higher.

Here in Xiangjiang, the income tax paid on financial investment profits is 10%. Although it is quite a lot, it is much less than that in the United States.

In other words, this time the stock transaction was sold for a total of HK$667 million, the cost was HK$100 million, the profit was HK$567 million, the tax was HK$56.7 million, and the final profit was HK$510.3 million.

However, it is true that there is so much tax to be paid, but the tax will not be paid immediately. The 56.7 million Hong Kong dollars in tax that needs to be paid will be left with Yum Securities to continue operations, and the tax will be filed together at the end of the year.

As for the 510.3 million Hong Kong dollars that can be used freely, it is distributed to companies such as Galaxy Games. Star Cinema is allocated 150 million Hong Kong dollars, Jupiter Toys is allocated 20 million Hong Kong dollars, Asia Television is allocated 50 million Hong Kong dollars, and the rest is allocated to Galaxy Games.

The company goes.

Star Cinema’s 150 million Hong Kong dollars is enough to build a cinema chain all over Hong Kong. This is because the cinema of Star Cinema is a multi-screen cinema with many screens and the theater area will be larger than other cinemas. Otherwise, a cinema chain would not be able to do so now.

You don't have to spend so much money.

The shares repurchased by Hutchison Whampoa were also sold, with 17 million shares sold for a total of HK$410 million, a profit of HK$310 million, and 10 million shares placed in the company. However, the tax here will not be paid until the end of the year.

The company's investment for the year will be deducted. If after calculation it is found that this year's profit is only HK$100 million or HK$200 million, then only this part of the profit needs to be paid tax.

With the 410 million Hong Kong dollars recovered by Hutchison Whampoa, Lin Baicheng asked Nu Bijian to invest in real estate and retail industries. These are asset-heavy investments, and Lin Baicheng specifically asked Nu Bijian not to sell the invested real estate, that is,

For the time being, we only rent and do not sell, so the profit will be limited. The company will not make much money that year, so naturally it will not have to pay too much tax.

When he came to Yum Securities this time, in addition to approving the transfer of more than HK$600 million in stock trading costs and profits, Lin Baicheng also wanted to know about the establishment of a fund.

During the two days of the weekend, Anyuan had already found out more about it.

Before his rebirth, Lin Baicheng also bought funds for two years. Although he didn't make much money, he still knew some of the limitations of funds at that time. In the afternoon, Lin Baicheng came to Yum Securities.

The Hutchison Whampoa stocks bought with HK$100 million raised from companies such as Galaxy Games were all sold in the morning. Although they started selling after the stock price exceeded HK$20, because the stock price rose relatively quickly later,

Therefore, the average selling price was HK$24, and 27.8 million shares were sold for a total of HK$667.2 million. After deducting handling fees, the total was approximately HK$667 million.

Generally speaking, there is no need to pay taxes on stock trading and futures trading, you only need to pay a certain handling fee.

However, once you make money through the stock and futures markets, you must pay profits tax, just like a company's profits, and the tax paid on financial investment is higher than the tax paid on normal business operations.

Be higher.

Here in Xiangjiang, the income tax paid on financial investment profits is 10%. Although it is quite a lot, it is much less than that in the United States.

In other words, this time the stock transaction was sold for a total of HK$667 million, the cost was HK$100 million, the profit was HK$567 million, the tax was HK$56.7 million, and the final profit was HK$510.3 million.

However, it is true that there is so much tax to be paid, but the tax will not be paid immediately. The 56.7 million Hong Kong dollars in tax that needs to be paid will be left with Yum Securities to continue operations, and the tax will be filed together at the end of the year.

As for the 510.3 million Hong Kong dollars that can be used freely, it is distributed to companies such as Galaxy Games. Star Cinema is allocated 150 million Hong Kong dollars, Jupiter Toys is allocated 20 million Hong Kong dollars, Asia Television is allocated 50 million Hong Kong dollars, and the rest is allocated to Galaxy Games.

The company goes.

Star Cinema’s 150 million Hong Kong dollars is enough to build a cinema chain all over Hong Kong. This is because the cinema of Star Cinema is a multi-screen cinema with many screens and the theater area will be larger than other cinemas. Otherwise, a cinema chain would not be able to do so now.

You don't have to spend so much money.

(End of chapter)