An Wuyang checked the information displayed by the Happy Life System in his mind, then looked at the amount in the Happiness Reserve.
According to the rules of Lucky Wealth, starting from 00:00:00 on June 25, 2021, he would receive a reward of 0.01 Xia Kingdom Yuan every second.
It was now 8:03 AM on June 25. Based on the rules, the Happiness Reserve amount was calculated to be 289.8 Xia Kingdom Yuan.
The Happy Life System showed the same result, and with each passing second, the number jumped up by 0.01 yuan.
'Withdraw 200 Xia Kingdom Yuan to my ICBC Card ending 666.' An Wuyang communicated through thought.
'Received.' The Happy Life System fed back the information in his mind.
'Special Notice 1: This transfer will be remitted from the host's account at JPMorgan Chase Bank in the Federation of White Eagles to the host's ICBC card ending 666 in Xia Kingdom.'
'Special Notice 2: The system will automatically declare relevant taxes for the host.'
'Taking this transfer as an example, the income from this transfer originates from the US stock market in the Federation of White Eagles and qualifies as capital gains income.'
'Given that the host has filed a W-8BEN declaration with the Federation of White Eagles as a non-resident of the IRS, the host is not required to pay Capital Gains Tax in the Federation of White Eagles.'
'Given that the host is remitting these funds into Xia Kingdom, in accordance with the joint regulations of the Xia Kingdom Tax Bureau and the IRS, this capital gains income will be subject to a 20% Dividend Tax in Xia Kingdom.'
'Ultimately, the actual disbursed amount for this withdrawal request is 250 Xia Kingdom Yuan, of which 200 Xia Kingdom Yuan will be deposited into the host's bank card, and 50 Xia Kingdom Yuan will be paid to the Xia Kingdom Tax Bureau. This 50 Xia Kingdom Yuan tax cost will be borne by the system's profits from the US stock market.'
'Special Notice 3: All system profit information and transfer records are verifiable and constitute lawful, reasonable, and compliant operations.'
'Special Notice 4: Related special notices will be hidden from display in the future. If the host needs to view them, please query separately for display.'
An Wuyang looked over the information fed back by the Happy Life System. There was a lot of it this time, and after quickly reading through it, he gave a mental thumbs-up!
Because according to the Happy Life System's notice, the tax costs associated with his funds entering the country were actually borne by the system!
Although the source was the funds the Happy Life System obtained from the US stock market, it wasn't An Wuyang who had to pay it, right?
'If I had to bear the tax costs myself, that really wouldn't be happy, would it?' An Wuyang couldn't help joking to himself.
The Happy Life System does not allow unhappiness!
Besides, with the system covering the tax costs, it seemed like no one lost out, did they?
That's what they call a win-win!
"Buzz, buzz!"
The phone in An Wuyang's pants pocket vibrated. He immediately took it out to check.
'Card ending 666: Income of 200 yuan at 08:04 on June 25. Balance: 88,620.08 yuan. Counterparty account: ...'
An Wuyang looked at the text message from the bank, a hint of a smile flashing in his eyes. It seemed the Happy Life System was real, and he wasn't suffering from some mental illness causing hallucinations or delusions.
With that settled, An Wuyang made a decision in his mind.
"Dad, I remember our family group was founded in 1980, right?" An Wuyang asked.
An Huchun replied, "Yes, the Wugengtian Pharmaceutical Group was established on January 1, 1980. It's been over forty years now."
"I've made up my mind!" An Wuyang looked seriously at An Huchun. "I want to save the group. I don't know the specifics, but I know you and Grandpa poured your hearts into it."
"But..." An Huchun paused for two seconds before continuing, "If we want to save the group, our family might not have much left. Even your future wedding house might have to be sold off."
"It doesn't matter. I just finished the College Entrance Examination, and marriage is still a long way off." An Wuyang replied magnanimously.
"Dad, go ahead and do what you need to. I'll support you all the way!" An Wuyang's tone was earnest.
An Huchun's eyes reddened. He took a few deep breaths before responding, "Don't worry, I'll handle the group's affairs properly. I definitely won't let you become a debt-laden second generation."
"I'm a third-generation rich kid; you're the second-generation one!" An Wuyang joked back, though he understood that An Huchun meant "debt-laden" rather than "rich."
"Mom, could you give me a copy of the group's materials later?" An Wuyang turned to Li Wenya, voicing his idea.
"Are you thinking of learning to get involved in managing the group?" Li Wenya countered.
An Wuyang nodded firmly. "I've decided to apply for a Marketing Major. Looking over the group's materials can't hurt."
"Alright, your dad and I will give you a copy of the group's materials later, but be mentally prepared." Li Wenya cautioned.
"Okay, okay, I get it. It's heading toward bankruptcy anyway, so I can handle it." An Wuyang put on a carefree attitude.
After all, now that he had the Happy Life System, even without the family business earning half a billion a year, it didn't seem to matter, right?
An Wuyang wolfed down his breakfast in a few quick bites, then stood up and said, "I'm off to driving school. I want to get my license before the end of the month."
"Go ahead." An Huchun sighed, remembering his earlier promise to buy An Wuyang a sports car.
In truth, if this pharmaceutical centralized procurement elimination hadn't happened, even though Wugengtian Pharmaceutical's development was already on the decline, pulling out two or three million to buy a sports car would have been a trivial matter.
Unfortunately, the Wugengtian Pharmaceutical Group had lost a huge source of cash flow, sending it into a death spiral.
After An Wuyang left, An Huchun asked, "Do you think Wuyang can handle the changes in the group?"
Li Wenya thought for a moment before replying, "Probably, right? Even if his grades aren't great, our son excels at handling people and situations, doesn't he?"
"That's because he has an excellent mother!" An Huchun chimed in with just the right amount of flattery.
Li Wenya shot An Huchun a glare. "Eat up quickly. We have a lot to deal with next. How are you planning to handle the group?"
An Huchun set down his chopsticks, swallowed the fried egg in his mouth first, then used a napkin to dab the grease from the corners of his lips before responding, "There are a lot of old-timers in the group who've dedicated almost their entire lives to it..."
"So when it comes to layoffs, I want to increase the severance compensation a bit." An Huchun voiced his thoughts.
"If the old man were still alive, I think he'd consider the same, wouldn't he?" An Huchun added, as if trying to convince himself.
"There's one more thing—my brother transferred over two million." An Huchun added.
An Huchun was actually the second son of the An family, not the eldest.
The eldest son of the An family's second generation was An Zhongqian, but An Zhongqian had a severe clash of vision with his father, An Jiaxing, regarding personal development.
An Zhongqian wanted to study modern medicine, while An Jiaxing hoped he would inherit the family business. In the end, An Zhongqian ran away from home and settled in Magic City, where he now works as the chief physician of the Cardiac Surgery Department at Magic City Second People's Hospital.
Although An Zhongqian's relationship with An Jiaxing was terrible, he got along very well with his younger brother, An Huchun.
Even though An Jiaxing left a will stating that one hundred percent of the shares in Wugengtian Pharmaceutical Group would go to An Huchun, when the group ran into trouble, An Zhongqian was still willing to help his brother.
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Capital Gains Tax corresponds to the Xia Kingdom: Income Tax: Personal Income Tax: Dividend Tax: Tax rate 20%/levied per transaction.
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