Blackstone Code

Chapter 175:

Lynch never thought that paying too little tax was something to be proud of; he had never thought so.

There was once a rich man who proudly told others that he always paid his taxes in full for his income, which mainly came from employing himself and drawing a barely passable salary.

Some even wrote articles praising this rich man's actions, holding him up as the conscience of society.

But these people never told the public how much this rich man actually paid in taxes because they were too ashamed, and revealing it would not be good for the rich man's image in the eyes of the public.

Paying too little tax would harm one's social image, and Lynch did not want to become someone abandoned by the "mainstream society," which was the middle and lower classes. So he wouldn't do that.

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

From the beginning, Vera knew Lynch's requirements. He initially even wanted to genuinely pay his taxes in full.

At this moment, she was curious, "How much income do I need to handle? Maybe I should have a plan in advance."

"Not much," Lynch said casually, "Over a million in cash, and some shares."

Vera rolled her eyes. She really enjoyed interacting with Lynch in this way. There was no strict hierarchy between them, and sometimes they would joke with each other.

They were closer than ordinary friends but not too close. She enjoyed this feeling; it made her feel very comfortable.

Using her professional knowledge, she proposed a whole set of legal tax avoidance plans that she believed were most beneficial to Lynch. The general idea was to turn "income" into "capital gains," which was investment income that did not require tax payment when there was no personal benefit.

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

Of course, this required some legal tricks. Once completed, this money could be deposited in the public account of Lynch's wholly-owned company. Interestingly, Lynch was the only person in the company from top to bottom.

Then Lynch could spend the company's "public funds" on various personal expenses in the name of the company. Since he was the sole shareholder, he wouldn't hold himself accountable.

When he felt it was enough, he could also bankrupt the company through other means, and then through some methods, he would sign an agreement with the property owner at a very low price in his personal capacity to acquire all the company's properties.

Most of the time, this property owner would end up being the bank.

Reasonable and legal, a large number of taxable assets would enter people's pockets through several steps that were not mysterious to some people, and they didn't need to bear any extra legal responsibilities. Even the Federal Tax Bureau would find it hard to deal with them.

Maybe there were some moral issues, but for capitalists, morality only existed in charity galas organized to save money.

As for daily life?

There was no way. Morality didn't sell, so they wouldn't retain such things.

Lynch didn't respond, and Vera naturally knew that her somewhat idealistic tax avoidance plan did not get Lynch's approval. This had happened several times before. Initially, she felt a bit uncomfortable, but now she had started to get used to it.

Lynch's assertiveness was different from others and was more acceptable. Of course, maybe only Vera would think so.

Later, she proposed a new plan. Lynch would have to pay taxes in two parts for this transaction: the cash part and the cross-holding part. Overall, Vera could help him legally and reasonably reduce the tax rate.

"Roughly estimated, you need to pay at least a sixteen percent tax rate for this transaction." Actually, it could be lowered further, but Lynch disagreed.

Only then did Lynch nod with satisfaction, "Sorry to trouble you, but I hope the tax payment receipts can be well-preserved later on."

"Of course." Vera had become accustomed to Lynch's attention to details. He always demanded that no receipts should be missing or lost and that they should be properly preserved as if someone would check his accounts at any time.

After discussing this, Vera quickly returned to work. Both the company's and Lynch's personal financial accounts were managed by her. Although it seemed that the company was not large and there was not much to do, this was not the case.

Branches in various places were being set up, and various expenses and incomes were constantly generated, most of which she had to review.

Shortly after Vera left, two fourteen or fifteen-year-old children knocked on Lynch's office door.

Their faces were rosier than before. Recently, their lives had been pretty good, and Lynch had also reached an agreement with the orphanage to adopt these children.

According to federal law, an unmarried person could not adopt children. People would question whether the adopter had the knowledge needed to raise children and would doubt their motives.

Especially after a single middle-aged man continuously adopted and killed several girls, shocking the whole world, the criteria for adoption had become very stringent.

But this only applied when people had the time and energy to pay attention to these marginalized groups. Now was obviously not such a time.

The orphanage eventually agreed to Lynch's request, and he didn't adopt any girls, avoiding the most sensitive social issue. Although the harm to boys was also significant, people always tended to overlook these issues.

The two children came here to convey a message to Lynch that the orphanage director invited him to discuss the remaining issues.

Then Lynch drove with the two teenagers to the Sacred Sunlight Orphanage in Sabin City. It was formerly a monastery before becoming an orphanage, which was common in the federation.

Many monasteries also undertook the work of orphanages. In the commercialized capitalist market, these places gradually changed their forms, but some things remained, such as the director wearing a monk's robe and the nuns acting as staff.

"Welcome, kind Mr. Lynch," the orphanage director hurriedly came out of his office, slightly panting.

He looked in his fifties, already bald, wearing round black-rimmed glasses. He had very pronounced nasolabial folds, making him look stern, rigid, and somewhat intimidating.

Even with a smile on his face, it was hard to feel it was a genuine smile, more like an inexplicable strange expression.

The ancient monastery was covered with moss and vines, giving it a historical feel. Some people stood in the distance, secretly observing the situation, not daring to approach and even quickly leaving under the nuns' gaze.

It was clear that the director and his nuns held significant authority here.

Lynch shook his hand, and under the director's guidance, they entered the director's office, where some photos of past directors and possibly some celebrities were hung, along with some donation documents.

"Please sit," the director said solemnly. A young nun served them light tea, simple flower tea, with a faint fragrance that many liked, and it was also not very expensive.

After a brief pause, the director spoke, "Mr. Lynch, honestly, until now, I still don't agree with your adoption proposal. You are still young, not meeting the standards..."

He stopped talking, perhaps because he did not get the expected response from Lynch, or maybe he felt it was pointless to say these words. He sighed.

Just as he was about to say something more, Lynch took a check from his pocket and placed it on the table.

At such times, no words were more powerful than a check. The director's attention was immediately drawn to it. He seemed to want to touch it but retracted his hands. Lynch gently pressed one corner of it with his cup.

"A cash check that any bank can cash directly and transfer the money to any account as requested by the check holder," Lynch said slowly, looking at the director, "We all know those meaningless lines need not be said. Just give me the documents, and no one will know the amount on this check."

Lynch would leave this time only with the adoption documents, which would be the basis for these children to pay social insurance in the future. Without these, it would be hard for them to get a social security number, which was why, even after gaining freedom, they still relied on the orphanage.

The director feebly argued, "It's not what you think." But he quickly returned to his desk and handed over the sorted adoption documents to Lynch.

This was a secret deal unknown to many. On the surface, Lynch would take away one child, but in reality, it was more than one, just for appearances.

Those children were working outside as child laborers and rarely returned to the orphanage. When they turned sixteen, they would leave, providing an opportunity for manipulation. The people in the orphanage wouldn't know if the children were adopted or still working outside, except for the director.

Lynch looked at the stack of adoption certificates in his hand, confirmed there were no major issues, and took a sip from his cup, freeing the corner of the check that was pressed.

The check immediately fell into the director's hands. Seeing the number on the check, a look of satisfaction appeared in his eyes.

Please vote for this novel at /series/blackstone-code/There are advance chapters available nowAccess will be granted 24 hours after the donationTier 1: 7 Advance chapters Link

Link

Please do not delete thisHow to find a list of chaptersPlease find the chapter label next to your favorite translator's name, and click the label.

THIS CHAPTER UPLOAD FIRST AT NOVELBIN.COM