Chapter 444: Aircraft Tax Savings
"Forehead?!"
Carter was suddenly a little stunned...
In the inherent concept of impression flow, private jets are small jet airliners like Gulfstream and Bombardier. As for propeller fixed-wing, it is really not within the scope of Carter's consideration. But if you think about it carefully, it seems that propeller-driven fixed-wing aircraft are really the right thing to do right now.
Best choice.
First of all, the United States is different from China. China's airspace control can be said to be the strictest in the world. Even if you buy an airplane, you are not allowed to fly randomly, while the United States...
Although flying randomly is not allowed, low-altitude control is much looser than in China!
If it’s just a local flight, you often don’t even need to apply for a route or declare a flight plan. You can take off at any time, go up and down, and no one will care about you. Moreover, the price of small propeller planes in the United States is really no more expensive than cars.
How many...
And this kind of aircraft has very low requirements for airport runways. In Orlando, Florida, just south of his hometown of Georgia, Carter saw a community where almost every household had an airplane.
Usually the small plane is parked in the garage of the small house, or on the lawn at the door. When you want to use it, drive directly to an airport runway in the community... It is said to be an airport runway, but it is actually a relatively flat runway with no wires to block it.
You can take off on the street. Residents flying out by plane are basically the same as driving out...
From the perspective of economic cost and applicability, propellers are the optimal solution!
But...
"No, it's better to buy a jet! Get it right once, so you don't have to replace it later..."
Just kidding, he is a time traveler after all!
You can't just take a leisurely, high-class ride on a jet plane, and wear a pair of goggles and climb on a propeller plane, right? Not to mention the low status, the loading capacity of such a small plane is also a problem, and it can't support a family of four, but ordinary people
A little more and it will pull.
As for the kind that costs less than 100,000 US dollars, you basically have to drive it yourself. If you hire a pilot, after you get up there, there won’t even be room for the bodyguard to sit...
Seeing Peter Lynch's face getting darker and darker, Carter quickly added:
"I was thinking that ht has a lot of circulating funds now. I want to see if I can use the money there to buy it for me first, and then..."
Carter didn't say "repay".
As for what Peter Lynch thinks, it's his business. Anyway, for Carter, who has made up his mind not to repay the money, as long as he doesn't say it, it doesn't count as dishonesty...
Influenced by Jim Rogers, Carter still attaches great importance to his goodwill. Of course, this kind of behavior can also be called setting up a memorial arch...
In any case, after hearing Carter's words, Peter Lynch's face looked a little better. I'm sure Carter is not trying to set up his own Magellan Fund, then everything will be easy to discuss!
That's just the thing...
"You should go to Mr. Smith for this, and I feel there is little hope. Although you now have absolute controlling rights, we Fidelity are also the largest institutional shareholders. As long as the two of us agree to this plan, the ht board of directors can pass it.
.But have you ever considered maintaining investor relations? If you do this, how will other investors think?"
Peter Lynch shook his head, definitely Carter was a bit idealistic...
"Seeing that the IPO is imminent, you, the founder, now start to enjoy yourself instead of making progress, which will have a huge impact on the stock price!"
"Who is greedy for pleasure? I just need it!"
Carter argued, you can insult my ability, but you can't insult my character!
"But in the eyes of stock investors, this is just seeking pleasure. They don't know your current problems. Even before you graduate, we can't advertise that you are a student at Yale University! The founder and largest shareholder of a listed company
, actually he is not in the company at all times, but in a university thousands of miles away.
‘is’ ‘apple’, ‘b’ is ‘ball’...Are you kidding?! Shareholders will definitely think so. Once this news is exposed, it will be another big blow to the stock price.”
"In short, this stage is to eliminate all unfavorable factors as much as possible. At least we have to wait until the stock price stabilizes before talking about anything else. If you come to this matter two years later, I don't think it will be a big problem. After all, you are also a big customer of Fidelity, and
As a major shareholder of ht, there is always some kindness. You are a young man.
, just buy a plane, just think of it as a reward for you... But now, just to ensure Fidelity's investment income, I don't think Smith will agree. He is also a worker, so he is counting on this
An investment operation will help him get a promotion and a salary increase. If the stock price is affected..."
"Oh, that's right..."
Carter sighed, prostitution is not that simple after all.
Although I have absolute controlling rights, it stands to reason that my voting ratio can control this matter. But this plan is obviously to stand against all investors. If I insist on doing this, there will be endless troubles!
It’s just airplanes, which are really needed now!
In addition to safety issues, when he thought about traveling by himself and having to make various transfers and transfers, waiting in various airport terminals for hours was a memory, Carter decided to try again:
"Then ht will help with part of it? Shall I contribute the remaining part? Or, I can contact Mr. Paulson to see if there is any discount? This year is not a big bear. The overall market is not good. I am afraid that he will also
A little anxious to clear out inventory.”
"Then you should talk to Smith. He is responsible for the investment in ht. At best, I can only decide the voting rights of the Magellan Fund, but you also know the proportion. If you can reach an agreement, I may agree with it.
Regardless of whether you oppose it or not, it will not affect the overall situation."
"Okay, I'll go there first!"
Carter got up and left the meeting, said goodbye to Peter Lynch, and soon found Smith's office in the Fidelity Building.
Smith, who had made a lot of profit by reducing his shareholdings, was very happy when he first met Carter. But when Carter told him his purpose...
"If we buy it for you in the name of ht and save the purchase tax, that's no problem. After the purchase is completed, we will transfer it to you. As for letting ht pay... I think about how much tax we can save by buying the aircraft. You
Sit down first, I'll ask someone to do the math..."
After a while, Carter saw Smith, whose brows were obviously much more relaxed, returning to the office:
"I just asked the tax accountant from the finance department to help me do some calculations. Do you think this can work? Suppose you buy a private jet worth 10 million US dollars. ht will pay for it first and then transfer it to you at a second-hand price.
.When the second-hand price is lower than the original price, the transfer does not need to pay transaction tax. Suppose it is transferred to you for 9 million US dollars, and the difference of 1 million US dollars, even if ht helped you pay for it. This is..."
"Then you lease the aircraft to HT at a price of 2 million per year, and the lease period is tentatively set at 10 years. Including the depreciation and loss of the aircraft, the lease price should not be much from the IRS.
Opinions, if the rent is over
If it is high, then you may be investigated. In this way, the rent for ten years is 20 million, which is considered as dividends on your shares and is part of the cash out. The first year's rent of 2 million can also be counted as the part that HT helped you invest... This
It’s two…”
"The third point is that since this aircraft is nominally used by HT Company, the maintenance costs and crew expenses will all be borne by HT Company, and will eventually be included in the company's operating costs to save taxes. In this case, it is equivalent to your subsequent
crew expenses, downtime costs
Wait, they are all released by ht. What do you think? Even when buying, you still need to pay some money first. If it is a plane worth 10 million US dollars, you need to bear the cost of 7 million first, which money will be spent by ht
In the next few years, I will give it to you at a price of 2 million per year."
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Chapter completed!