N-M Chapter 172 Investing in Apple
Chapter 172 Investing in Apple
Chapter 172 Investing in Apple
On May 28, Apple held a highly anticipated press conference.
Under the spotlight of numerous media reporters, Jobs could not hide his excitement and announced a major piece of news to everyone present.
An investment firm called Fengyun Capital purchased 4000 million shares of Apple for $2.78 million, representing approximately 11% of the company.
This news came like a bolt from the blue, leaving all the reporters completely bewildered.
They whispered among themselves, trying to find out who this Fengyun Capital was.
Faced with such inquiries, the reporters looked at each other blankly; none of them knew or had even heard of this company.
Being able to come up with $2.78 million for investment at once, this is by no means an ordinary investment institution, so why is everyone so unfamiliar with it?
The reporters, filled with questions, all turned their attention to Jobs, hoping to learn from him about the origins of Fengyun Capital and whether it was a foreign investment institution, which explained why they had never heard of it before.
Jobs didn't hide anything and patiently explained, and after listening to him, everyone suddenly understood.
It turns out that this was not a foreign investment institution at all, but an investment company established by Ernst Garfield, the newly minted tycoon.
Everyone instantly understood that this young tycoon, who had risen rapidly to prominence in a short period of time, had already begun to conceal his wealth.
It's obvious that the next step is to use a series of operations, such as layered holding and cross-shareholding, to quietly gather all the wealth into a family fund, which will ultimately lead to a tax haven overseas.
Hidden Hills, Los Angeles.
In a corner of the luxurious mansion, Wenger and Ernst sat, their gazes fixed on the lawn in the yard.
On the lawn, several people were busy setting something up.
After receiving Wenger's call, Ernst rushed back, thinking it was something important. He didn't expect it to be Wenger's birthday celebration for him.
Ernst didn't really remember his birthday, but in the West, people have always attached great importance to holidays, and birthdays are one of the most important days.
Wenger looked at Ernst and asked, "So you're sure your income will be quite high this year?"
What was Ernst's purpose in registering so many shell companies and related companies? Wasn't it simply to evade taxes and allow wealth to be transferred to lower levels of society?
In Wenger's view, it's too early for wealth to be distributed among the lower classes, so tax avoidance is the primary objective at present.
Despite owning numerous properties and being very wealthy, Ernst currently has virtually no other income besides his fixed salary.
Tax avoidance?
If you don't make money, what taxes can you avoid?
This means that Ernst believes he will have a substantial income this year, which is why he is taking these actions in advance in order to legally avoid taxes during next year's tax season.
Many people say that in the United States, everyone is bound to pay taxes and die.
This statement has some merit, but it is not entirely correct.
Tax evasion is indeed a very serious problem in the United States, but that doesn’t mean no one dares to evade taxes.
The IRS, or Internal Revenue Service, is actually called the Internal Revenue Service.
The United States is a vast country with a large population. How much manpower and resources would it take to investigate every single person's income?
For example, how should we verify private transactions in rural markets?
Therefore, the IRS usually selectively screens its targets, one of which is the wealthy, such as Ernst.
Another category is sports and entertainment stars. Most of these people are not highly educated, and many may make mistakes in tax matters in order to gain small benefits.
Another group consists of Asians, especially in Chinatown and Koreatown. Many of them do not have the habit of paying taxes and often do not issue receipts in order to evade taxes.
The IRS has frequently used entrapment tactics and has uncovered many people with tax problems.
Moreover, once investigated, it's not just about one year's tax situation; it can be traced back to many years.
Generally, the IRS will first check the tax returns for the past three years. If it finds that the proportion of tax evasion or avoidance within those three years exceeds 20%, then the IRS will take action.
This will trace back to tax filings over the past six years.
If problems have existed for these six years and involve huge sums of money, then this person is basically finished.
In addition to facing huge fines, they may also face imprisonment.
In the United States, it is very difficult for ordinary people to turn their lives around once they are targeted by the IRS.
Because the tax system is so complex and complicated, unless you have your own private accountant, it is easy to evade taxes without realizing it. This is not intentional, but rather a result of the complexity of the tax system.
However, the IRS generally turns a blind eye to these small amounts of tax, unless the tax evasion is serious and investigated. Otherwise, no one will bother you for such a small amount of money.
But it's a different story with rich people like Ernst; they'll keep a close eye on every penny you spend.
So until you are powerful enough to set the rules, never mess with the IRS.
"I don't know, but I don't want to get into that trouble."
Nobody wants to mess with the IRS; they're like a leech, absolutely disgusting.
Even the president was thoroughly investigated by the IRS, wasn't he?
Even gang leaders and drug lords have to pay taxes obediently, which shows how difficult this department is to deal with.
In America, the police may not necessarily care if you traffic drugs, engage in prostitution, or launder money.
But if you evade taxes, then I'm sorry, the IRS will definitely punish you.
These people involved in the black market will certainly not pay taxes voluntarily, but once they are caught, the first thing they think of is paying taxes.
Because other crimes have room for leniency, and if all else fails, they can seek a glimmer of hope through various procedures such as medical parole. However, if tax evasion is involved, it is almost impossible to get out of prison. The huge fines will keep these people behind bars for life because they cannot afford to pay the fines.
Upon hearing Ernst's words, Wenger suddenly burst into laughter, as if he were laughing at Ernst.
His gaze fell on a bewildered figure not far away, and he said, "Aren't you in enough trouble already?"
Ernst was speechless. He followed Wenger's gaze and said with a hint of helplessness, "That's why the old folks say if you don't celebrate your birthday, it's never a good thing."
"Who said that?" Wenger asked curiously, having never heard such a statement before.
Ernst didn't answer. He couldn't very well tell Wenger that this was what his parents had told him in his past life, could he?
Seeing that Ernst did not answer, Wenger changed the subject back to the beautiful figure and asked, "What do you plan to do with her?"
"Dispose of?" Ernst was somewhat surprised to hear this word; he hadn't expected Wenger to use such a term.
He thought for a moment, then said with a bitter face, "What else can we do? Take them with us, of course. Being together every day, isn't that exactly what they want?"
Originally, his birthday celebration was just Wenger's family, Liu Huiying, Craig, and Jennifer Connelly, who somehow found out about it.
Wenger organized this birthday party initially out of fear that Ernst would be reminded of his deceased father. In previous years, Garrins had organized Ernst's birthday celebrations, and the Wenger family would attend almost every year.
Now that Garlins is gone, Wenger came up with this idea in the hope of bringing Ernst a little warmth.
But who would have thought that Massim would show up uninvited and even give him a "big gift"?
First came the reply from the Boston Consortium, who agreed to Ernst's request and established a cooperative relationship.
However, the Boston consortium did not come without conditions; the woman in front of them, from the Kennedy family, was sent by them.
Her name is Anne Bellis Kennedy, a high-achieving student who has not yet graduated from Harvard, but has now become Ernst's personal secretary.
Wenger looked at Anne and Ernst and joked, "One is 23 years old, the other is 25. The man is handsome and rich, and the woman is talented and beautiful. They are truly a perfect match."
Ernst rolled his eyes, thinking Wenger was just talking without understanding the situation, and retorted, "Why don't you do it?"
Wenger was so angry he almost twisted his nose. He glanced at his wife, who was setting the table with the children, and said, "Why don't you go and talk to Kathy?"
Kathy Arnold, Arsène Wenger's wife.
Despite her gentle and refined demeanor, which exudes a classical charm, those who truly know her understand that she is a tigress at heart.
If Ernst dared to make such a suggestion to Casey, she would dare to pick up a kitchen knife and chop this American tycoon to pieces.
Ernst looked at Wenger, a devilish smile spreading across his face. "So, you've been wanting to find another woman all along?"
When Ernst teased him, Wenger visibly shuddered and quickly waved his hand in denial, saying, "Don't talk nonsense, I didn't."
If Casey heard this, he couldn't even imagine whether he could save his back.
The preparations in the courtyard continued, the setting sun cast its rays on the lawn, and everything seemed peaceful, but a subtle atmosphere permeated the air.
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