Tax Payment and Adoption

Lin Qi never considered paying too little tax a glorious thing, and never thought so.

There was once a wealthy man who proudly told others that he always paid his taxes in full, and that his main source of income was self-employment, for which he earned a barely decent salary.

Some people even wrote articles praising the wealthy man's actions and regarded him as the conscience of society.

However, these people never tell the public how much tax this wealthy man actually paid in full, because they are ashamed to talk about it, which is also detrimental to the wealthy man's image in the eyes of the public.

Paying too little tax will damage one's social image, and Lin Qi does not want to become someone abandoned by the "mainstream group," that is, the lower and middle classes, so he will not do that.

He always believed that the greater one's ability and wealth, the greater one's responsibility and the more one should set an example.

Vera knew about Lin Qi's requirements from the beginning; initially, she even wanted to pay the full amount of taxes.

At this point, she also had some curiosity. "How much income do I need to handle? Maybe I should have a plan in advance."

"Not much!" Lin Qi said casually, "A little over a million in cash, and some shares."

These words are really infuriating. If this isn't a lot, then what is? Vera rolled her eyes. She really liked the feeling of being with Lin Qi. There was no strict hierarchy between superiors and subordinates, and sometimes they would even joke around with each other.

They seemed closer than ordinary friends, but not too close, and she enjoyed that feeling; it made her feel comfortable.

Using her expertise, she offered what she believed to be the most effective way for Lin Qi to legally avoid taxes. The gist of the plan was to transform "income" into "capital increase," which is considered investment income and therefore not subject to taxation when the individual does not benefit from it.

At the same time, the company does not need to pay taxes on this, because it is not sales or business income, so there is no tax issue.

Of course, some legal tricks are needed to complete this. After that, the money can be placed in the corporate account of the company that Lin Qi personally controls. What's even more interesting is that this company consists of only one person, Lin Qi.

Then Lin Qi can squander the company's "public funds" to his heart's content and make all kinds of private consumption in the name of the company, because he is an independent shareholder and therefore will not hold himself accountable.

When he feels it's about time, he can use other methods to "bankrupt" the company, and then through some means, he can sign an agreement with the property owner in his personal capacity at an extremely low price to acquire all the company's property rights.

In most cases, the property owner will eventually become a bank.

Legally and legitimately, large amounts of taxable assets end up in people's pockets through several links that are not mysterious to some, without them bearing any legal responsibility beyond what is required. Even the Federal Revenue Service has difficulty finding ways to deal with them.

Perhaps there are some moral issues involved, but for capitalists, morality only has a place in the world of Charity Gala held to save money.

As for life? Impossible. Morality can't be sold for money, so they won't keep these things! Lin Qi didn't express his opinion, Vera naturally knew that her more idealistic tax avoidance plan had not been approved by Lin Qi. This had actually happened several times before. At first, she felt a little uncomfortable, but now she was getting used to it.

Lin Qi's assertiveness is different from others' assertiveness, making it easier for people to accept, though perhaps only Vera would think so.

She later devised a new plan, which would require Lin Qi to pay taxes in roughly two parts for the transaction: a cash portion and a cross-shareholding portion. Overall, Vera could help him legally and reasonably reduce the tax rate.

"I've roughly estimated that you'll have to pay at least a 16% tax rate on this transaction." Actually, it could be reduced, but Lin Qi disagreed.

Lin Qi nodded in satisfaction. "I hope you can keep those tax payment receipts safe and sound."

"Of course!" Vera was used to Lin Qi's attention to detail. He always demanded that no receipts be missing, lost, or misplaced, and that they be kept safe, as if someone were checking his accounts at any time.

After discussing these matters, Vera quickly returned to work. She was in charge of both the company's and Lin Qi's personal financial accounts. It might seem that the company was small and there wasn't much going on, but that wasn't the case.

As branch offices were being established in various locations, various expenses and incomes were constantly being generated, and she would review most of them in the end.

Not long after Vera left, two fourteen or fifteen-year-old children knocked on the door of Lin Qi's Office.

Their faces were rosier than before, and they had been doing quite well lately. Lin Qi had also reached an agreement with the Welfare Home where they lived to adopt these children.

Federal law states that an unmarried person cannot adopt a child, as people will question whether the adoptive parent has the necessary knowledge to raise a child and will also doubt their motives.

In particular, after a single middle-aged man adopted and murdered several girls, which shocked the world, people have set very strict standards for adoption.

But this only applies when people have the time and energy to pay attention to these marginalized groups, and now is clearly not that time! The Welfare Home eventually agreed to Lin Qi's request, and none of the children he adopted were girls, which avoided the most sensitive bottom line in society. Although there is also a lot of harm done to boys, people always subconsciously ignore these issues.

The two children came here to deliver a message to Lin Qi: the Welfare Home Director had invited him to talk about the remaining matters.

Lin Qi then drove with the two teenagers to the Saint Sunlight Welfare Home in Sabine City. It was originally a monastery before becoming Welfare Home. There are actually many such Welfare Home in the Federal.

Many monasteries also took on the role of Welfare Home. In the commercialized capitalist market, these places gradually changed their form, but some things were still preserved, such as the Director in her monastic robes and the nuns who played the role of staff.

"Welcome, kind Mr. Lin Qi!" The Welfare Home Director hurried out of his office, slightly out of breath.

He looked to be in his fifties, bald, and wearing round, black-rimmed glasses. He had very prominent nasolabial folds, which made him look serious, rigid, and somewhat intimidating.

Even if he smiled at this moment, it was hard to tell that it was a smile; it was more like an indescribable, strange expression.

The ancient monastery was covered in moss and vines, exuding a sense of history. Some people stood at a distance, secretly observing the situation. They dared not approach and would even quickly leave if they were met with the gaze of some nuns.

It's clear that the Director and his nuns wield considerable authority here.

Lin Qi reached out and shook hands with him. Led by the Director, the two entered the Director's office, which was filled with photos of past Director and some people who might be celebrities, as well as some donation documents.

"Please sit down!" the Director said solemnly. A young nun served the two of them a light tea, a simple Flower Tea with a subtle fragrance that many people enjoy, and it was also inexpensive.

After a brief pause, the Director spoke, "Mr. Lin Qi, to be honest, even now, I don't agree with your adoption proposal. You're still too young and don't meet the criteria..."

He stopped talking, perhaps because he didn't get the response he wanted from Lin Qi's face, or perhaps because he felt that what he was saying was a bit too boring. He sighed.

Just as he was about to say something, Lin Qi took a check out of his pocket and placed it on the table.

At a time like this, no words could carry more weight than a check. The Director's attention was immediately drawn to it. He reached out his hands as if to touch it, but then withdrew them. Lin Qi gently pressed one corner of it down with his cup.

"A cash check can be cashed at any bank, and the money can be transferred to any account as requested by the checkholder!" Lin Qi said slowly, looking up at the Director. "We don't need to say anything more. Just give me the document. Nobody will know the amount on this check."

Lin Qi will only take the adoption documents with him this time. These documents are the basis for these children to pay Social Insurance in the future. Otherwise, it will be difficult for them to get Social Security Number. This is why they still rely on the Welfare Home even though they have freedom.

The Director offered a weak rebuttal, "It's not what you think!" but he quickly returned to his desk and handed the already prepared adoption documents to Lin Qi.

This was a secret deal that not many people knew about. On the surface, Lin Qi would take one child, but in reality, there would be more than one. This was just for show.

Those children were always working as Child Labor outside, and they rarely returned to the Welfare Home. They would leave after they turned sixteen, which provided an opportunity for manipulation. In any case, no one in the Welfare Home would know whether those children had been adopted or were still working outside, except for the Director himself.

Looking at the stack of adoption certificates, Lin Qi took a look at them and, after confirming that there were no major problems, casually picked up his cup and took a sip, which conveniently revealed the check that had been covered by a corner.

The check was immediately handed to the Director, who looked at the number on the check with a satisfied expression in his eyes.

Of course, even the Welfare Home Director needs to have a certain acting skills. He quietly put the check into his pocket, took off his glasses, pinched the bridge of his nose, and squeezed out some tears. "I really can't bear to part with these children!"

A slightly mocking sneer appeared at the corner of Lin Qi's mouth. "You are truly a kind person!"