Chapter 337 (1/2)

Fortune magazine is a biweekly of time company. On the day of the new issue, Steve Roth called Simon to say that he didn't know about it in advance. He congratulated Simon and said that he would attend his wedding on March 3 on time.

With $4.5 billion in cash and other assets, Simon has become the first super rich man in federal history with assets exceeding $10 billion.

It really seems to be something to celebrate.

During the release period, Time magazine, which is also owned by Time Warner, gave a bad comment on ”pretty girl” because it competed with ”storm of seven years” starring Steven Sieger of Warner Brothers.

Time Warner is not a monolithic company, but if Steve Ross doesn't know about it, Simon doesn't believe it.

Simon, however, was not in the mood for these things.

With fortune magazine's exposure of Simon's overseas assets registered with the IRS, he received more questions than congratulations.

The figure of $4.5 billion, which has been exposed by fortune and aroused heated media discussion, is certainly not Simon's exact overseas asset size, but a registered amount of tax.

Moreover, not all of the money is in cash, but also includes a large part of short-term convertible financial products, so as to obtain a slightly higher and very safe return on capital than bank interest.

If the assets of Nokia, Gucci and Simon's overseas properties are included, Simon's assets outside the United States can easily exceed $5 billion.

Of course, most of the media and the public don't pay attention to this.

The focus of public opinion's query is, how did the huge amount of cash of 4.5 billion US dollars come from?

The development of danilisi entertainment has a very clear context to be found. However, the operation of cersei capital is opaque to most people.

As a result, too many people can hardly believe that a hedge fund can bring Simon a huge fortune of $4.5 billion in just one year.

You know, such a profit scale has been comparable to IBM, Ford, general electric, the most profitable business giants in North America.

Similar business giants, revenue volume has reached 100 billion dollars level.

Therefore, the media and the public can not help but question whether there are some hidden secrets behind the huge fund of 4.5 billion US dollars.

Facing more and more questions, Simon had to respond.

Pat Kingsley, who is still his public relations manager, pointed out at a press conference on February 28 that Simon had proved his talent in finance in the operation of the S & P 500 index in 1987. In the past year, his income of 4.5 billion US dollars was totally dependent on cersei's legal operation and related Commission income, and there was no inside story.

That's what people remember.

Simon became the youngest one billion dollar rich in North America through the operation of stock index futures in the process of the 1987 stock market crash.

Now, through another operation, Simon westero has completed the upgrading from a billion to ten billion, which seems reasonable.

However, 4.5 billion dollars.

It's too much money for a single individual.

You know, in last year's ”Forbes” North America 400 rich list, besides Simon westero, only John Kruger's wealth exceeded this number.

Even in the global rich list, there are less than 20 people with assets of more than 4.5 billion US dollars.

What's more, the assets are all cash, not hard to cash out of real estate or stock assets.

So Simon westero may be the richest person in the world with the most cash.

Simon's operation method in the process of 1987 stock market crash was fully exposed in the media, and there was no possibility of copying the divine operation following the market curve.

This time, what's the inside story?

With this kind of thought, many media began to blow to the federal regulatory agencies, asking these departments to step in and investigate more details of cersei capital's operation.

However, these agitations are doomed to fail.

Cersei capital has just confirmed that it will set up its headquarters in Manhattan. Before that, the hedge fund registered in the Caymans was not under federal jurisdiction at all.

As for proponents, using cersei capital's operation in the US stock and bond market last year as an excuse, it is still difficult to work.

Unless it is suspected that cersei capital has illegal operation, any regulatory agency can not rashly launch an investigation, let alone require an enterprise to disclose its business information without any reason.

Is cersei capital operating in violation of regulations?

Last year, more financial institutions in North America secretly focused on cersei capital. If there were any violations, they would have been exposed. Even if it's not good for itself, it's just out of envy. There are too many people who want to see cersei capital's bad luck.

As a result, nothing happened.If we can grasp the handle and stab cersei capital, it will be no problem.

If there is no substantive evidence, it is just because cersei's profits are too rich that it forcibly launches an investigation, and the result will only be disheartened.

Simon westero can't be without a fight.

Since we can't find Simon westrow's trouble through cersei capital, some people turn their attention to taxation.

$4.5 billion in cash, at a 28% capital gains tax rate on Simon westero's declared additional equity income, which means more than $1.2 billion in taxes.

More than a billion dollars in taxes. No individual in federal history has ever owed such a large amount of taxes while alive.

What's more, westero obviously didn't mean to transfer the money back home immediately.

How can this work!

A few days after Fortune magazine's exposure, a senator from Tennessee publicly said that cersei capital should be banned from doing business in the United States unless Simon paid the tax immediately.

In order to promote this matter, the congressman also solemnly submitted a proposal to Congress.

You know, there are more than one company and individual like Simon westero who keep their capital overseas to avoid tax, but continue to do business in the United States through various means. If the relevant legislation can be introduced, it will bring a lot of extra money to the federal finance immediately.

However, the global Taxation Strategy of the United States has always been controversial.

In order to promote the return of overseas capital to the United States, every few years, the federal government will guide the capital to return to the country in the form of tax exemption.

Now, it's absolutely not just Simon's interests that he wants to impose a stricter tax on the overseas assets of enterprises and individuals.

Once we are in a hurry, we are not without counter measures.

The general idea of overseas taxation in the United States is to collect the part of tax which is higher than the proportion of the tax paid by the taxpayer and lower than the share of the local tax.

If the federal government goes too far, taxpayers can directly hand over the full amount of tax to overseas countries without using tax avoidance means, which may also win the favor of the corresponding countries and more policy support.

In comparison, if you give it to China, you can't even get a little red flower.

Such a simple truth can be easily understood by people with clear eyes.

As a result, the Tennessee congressman's proposal is unlikely to pass as long as the top federal officials are not all poor and crazy.