Chapter 408 Tax Haven

“Let’s point out the simple fact that the Newfoundland fishery is truly an excellent fishery worldwide, and that the fishing alone will be able to return Newfoundland, within a few years, to its former standard of living. What is now a debt problem for Newfoundland was never a problem in the long run.”

“But even if that were the case, Newfoundland cannot thrive on a seasonal industry like fishing alone. There are many other things that deserve more attention than fishing, and the four hundred and forty thousand square kilometers of Newfoundland are covered with vast coniferous forests, and by utilizing just a small portion of this, we can get out of our current predicament much more quickly.”

“The reconstruction of Europe has begun, the demand for all kinds of raw materials will soar, this is an opportunity for Newfoundland as well, I can already see the future of Newfoundland, it is about to enter a phase of high speed development, faster than anywhere else that can be seen.”

“The current problem plaguing Newfoundland is nothing more than a lack of manpower, but from another point of view, this can be called happy troubles, Newfoundland’s current predicament is like an ordinary person in the middle of a deep mountain, discovering a dozens of tons of gold nuggets, one person can’t carry it home.”

In Alan Wilson’s mouth, why Canada and Australia are also just a figure of fun, what do you mean by resourcefulness? Newfoundland with less than 200,000 citizens and only a hundred thousand adult citizens is the template for resourcefulness.

The current plight of Newfoundland is described by Alan Wilson as, there is money on the ground, but the residents of Newfoundland don’t want to bend over?

That being the case, there is a shortage of manpower, so outside forces are used to supplement.

The overview of Newfoundland is generally factual, although it may seem to be on paper. At the end Allen Wilson said that Newfoundland’s potential was not limited to the forestry resources that were never utilized, and that Newfoundland could be positioned more broadly.

“London, for its part, has never forgotten this place and will not forget that Newfoundland has paid a heavy price for Britain’s. Good night, residents of Newfoundland, change begins this day, and I hope that when the morning sun comes tomorrow, you will rise with hope to usher in a new day.”

The heartfelt message, which lasted half an hour, was heard by many Newfoundland residents and served as the first communication between Alan Wilson, who had taken office as Newfoundland’s chief executive, and the local population.

The next morning, Allen Wilson woke up and went directly to the Newfoundland Anglican Church in the city of St. John’s, the full name of the Anglican Church of the Autonomous Dominion of Newfoundland, although Newfoundland is not an autonomous dominion anymore.

In essence, Allen Wilson was unfamiliar with any denomination of Christianity, and in his heart, he did not believe in any religion. But as the Romans do, it was not impossible for him to pretend to be a believer in God.

The Anglican Church of Newfoundland was by far the largest faith community in British Newfoundland, and in the city of St. John’s, the Newfoundland Council was briefly inaugurated, and Allen Wilson issued his first executive order.

“Companies settling in British Newfoundland, once registered, will not be charged any form of tax, and will only be required to pay an annual administration fee of fifty pounds, no matter how large that company may be.”

“Inheritance tax was enacted at the same time, prohibiting any inheritance and the tax nuisance associated with it.”

Inside the Governor’s Mansion in St. John’s Newfoundland, Allen Wilson issued his first executive order, and in the case of Newfoundland, which was currently in a colonial state, his word could be the British Empire’s, and his word was followed.

In his communication with the Newfoundland Commission, Allen Wilson stated that he would immediately count the population and promulgate standards for immigration thresholds, “You can never imagine how hot Newfoundland status will be in the future.”

“I can’t imagine what the effect could be.” Newfoundland Magistrate Joseph Roberts Smallwood asked.

“Oh, Honorable Joey. Better do as I say.” Alan Wilson said with a big smile, “I hear you’re a socialist? That may not be able to understand the power of this one policy.”

Although the British Empire had disintegrated in the twenty-first century, Britain still had a few very small colonies in its hands. Like the mainland, they were created as financial centers, in fact, it would be more accurate to call them tax havens.

Panama, the Cayman Islands, Bermuda, the British Virgin Islands, Barbados, the Bahamas, and Costa Rica in the Caribbean; Ireland, the Netherlands, Luxembourg, Switzerland, Malta, Gibraltar, and Cyprus in Europe; and Mauritius in Africa, to name a few.

Most of these tax havens are very small island nations. Since there are no local resources and industries, they can only find another way to avoid taxes by providing offshore financial services and attracting individuals and multinational enterprises to set up companies in their countries with very low or even zero tax rates.

Just these inconspicuous small islands together, the hands of the wealth through the wealth of the world accounted for eight percent of the total amount of wealth, close to ten trillion dollars, then as the first to eat crabs British Newfoundland, in how it will not be a loss to where to go.

Moreover, British Newfoundland just not much population in line with the characteristics of these tax havens, but in fact, Newfoundland in the per capita resources are not worse than Australia, there is no tax haven to add the day is not bad anywhere.

But Alan Wilson too much want to progress, think there are natural fishing grounds, as well as the immediate arrival of Chinese workers to support the forestry resources are still somewhat insufficient, directly to the sixties before the gradual emergence of tax havens are also introduced.

The current situation, the United Kingdom’s inheritance tax is very high, and with the Cold War gradually clear, in the countries of Europe because they are on the front line, the tax will almost never drop.

And the United States of America’s inheritance tax situation Alan Wilson is not clear, but the United States has a phrase heh, there are two things can not escape, death and pay taxes.

In the United States to pay taxes that is not a general problem, once the day, must be the same day for the day, a day can not be delayed.

April 15 every year, is the middle class in the United States the most painful time. If the tax refund is okay, if the tax, must be mailed on this day, otherwise you will be fined. It is only when you pay your taxes that you realize that at least thirty percent of your hard-earned income for the year has been paid to the government. The government chose this date, April 15th, very well. Doing the math, the poorest middle class Americans are basically working for the government until April 15th. All the money earned before that date is used to pay taxes, and sometimes, I’m afraid, it’s not enough.

As for making the CIA and FBI stand aside, the awesome reputation of the IRS, which is famous in the segment world, is not unfamiliar to any lover of keystone politics.

“Pay your taxes to the federal government on time!” The American mobster who left his famous last words died just last year.

The IRS has enforcement priority, which means that if the CIA and the IRS arrest someone at the same time, and the CIA suspects a Soviet spy, and the IRS suspects that the person is cheating on his taxes, and the two departments collide, the CIA has to see the IRS take the person away.

Allen Wilson didn’t know if U.S. Fallen Soldiers’ Pensions in this era were taxed or not, but they were in later generations anyway. It is the figure calculated by the US Internal Revenue Service that is the pension for fallen soldiers.

Allen Wilson did not stigmatize the Newfoundland magistrate in front of him; he was the one who called himself a socialist. But as far as Allen Wilson was concerned, this Mr. Joseph Roberts Smallwood, who had taken the initiative for Newfoundland to join Canada, would have belonged to the category of verbal socialists, okay with fashionable sloganeering, but otherwise average.

The emergence of tax havens came right at the height of the Cold War, when Eastern European countries in general, out of distrust of the United States. All put some foreign-related funds in European countries.

In fact, to do a good job of a tax haven, the main three preparations will be good, business activities are rarely subject to regulatory control, easy procedures, tax exemption. Offshore financial market borrowing currency is foreign currency, the borrower is free to pick the type of currency. The lending relationship in this market is between a foreign lender and a foreign borrower, and this lending relationship involves almost all countries in the world.

There are 600,000 businesses on the books of the British Virgin Islands alone, a third of which are related to China.

“Joey, let’s talk about another issue, where are the best forested areas on the island and are there any conditions that can be utilized on them? I mean it’s best to be able to utilize the upper river.”

Alan Wilson had already learned the basic conditions of Newfoundland, railroads could not be used, how could anyone build a railroad to connect the major settlements on an island of 110,000 square kilometers with only so many people?

Since railroads were not available, we had to take advantage of the wonders of nature, and the use of rivers was also important in lumber production.

Wood can be preserved for a long time by air drying, or by soaking it in water. But it will rot if it is in a centered environment.

He remembered that in his previous life, his hometown one year hit the lake next to the forest area deposition of logs, the oldest of these have been soaked for decades of logs, the quality of the same is not bad, or even better, after all, the same diameter of the wood has been logged out.

More than 100,000 square kilometers of the island, Alan Wilson logging for a year is not worried about, will not therefore damage the environment. For the size of Newfoundland, even 10,000 cubic meters a day is still a drop in the bucket.

There was absolutely no way that such a large island would not have a river to utilize, and Allen Wilson said that he wanted the magistrate in front of him to take himself on a survey to see where he could generate income.

“Uh?” Joseph Roberts Smallwood mused for a moment, thinking about what would be a better reason to refuse, this was a physical job after all.

“Understood, I’ll just get another guide and have Savage find a couple of people to deal with the wilderness conditions.” Alan Wilson simply said, verbal socialist well, it is not incomprehensible.

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