The moment Wang Haifeng heard the news, he immediately lost his composure.
He really did not know whether Feng Jun had paid taxes on his jade sales, but logically speaking... it was impossible that he had.
It had nothing to do with any willingness to pay taxes. The key was that privately opening jade mines meant the income could never be made public.
Otherwise, it would cause far too many destabilizing factors.
So he immediately informed Feng Jun, saying that someone might investigate his personal income tax.
"Bullshit!" Feng Jun sneered. "If they really investigate taxes, there'll be plenty of lawsuits to fight. I could just say Li Dafu withheld the tax for me."
He knew a little about taxes and fees and understood that there were many ways to interpret such matters.
For example, if someone had ten million and went to the bank to buy a wealth management product, the returns were not taxed in those days. Meanwhile, interest on regular bank deposits had at one point been subject to personal income tax.
If ten million in wealth management earned six percent annually, that was six hundred thousand a year. How could such a large sum go untaxed?
That involved another issue. The projects behind the wealth management product earned profits beyond just the returns paid to investors, so the income received by individuals was after-tax income. In other words, the wealth management project had already withheld personal income tax.
Of course, not every project made money, but that was another topic.
In short, personal income tax could be withheld without one even realizing it, so it did not count as tax evasion.
Could jewelry stores like Li Dafu's have withheld Feng Jun's taxes?
That was a rather absurd question—there was no possibility of it.
But at the