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Chapter 1331: Chapter 1186 Foundation (Please Subscribe!)
Regarding taxation submission,
Ling firmly pushed ahead against all opposition.
Previously,
the ratio had never been high,
primarily because everyone was poor,
relying on funds allocated from higher authorities to get by.
But now, with increased tax revenue and greater benefits, if the distribution ratio was not settled beforehand, once the money reached others’ hands, attempting to reclaim it would become rather uncomfortable.
Therefore,
from the beginning of the year,
this fiscal tax distribution ratio
was solidified into law. Like Huaxia, mainly submitting to the central finance, keeping a part to facilitate a balanced sharing of economic achievements. Otherwise, like in the United States, it definitely wouldn’t work.
In the United States,
a state’s tax revenue
being used in another state is absolutely impossible. Due to such distribution relationships, even the police in the United States exist only where there is tax revenue; without it, police cannot be afforded.
In a vicious cycle,
areas with poor security get even worse.
Poor areas
either use tax exemptions to attract enterprises
or, like Las Vegas, open the gambling industry to make money, or by legalizing substances like marijuana to earn money, resulting in a highly chaotic situation of permissions and prohibitions across various states.
It’s frustrating even for outsiders to observe.
Is that freedom?
Nonsense.
Upstairs,
He Yi was also looking at the information on his computer,
smiling.
His determination was considerable; he filled in large numbers on several major islands and, eventually, spent nearly six hundred million dollars, buying a large island, as well as coastal and inland plots.
This money,
didn’t stress him much.
Previously thinking his life was nearing its end, he had sold quite a bit of property. Except for real estate, the cash he planned to donate to a charity. Now that he hadn’t died, it was just right to use it.
Including the subsequent development costs,
he estimated he would spend about eight hundred million dollars. With this setup, he would still have several hundred million dollars left. Previously, he would have been somewhat worried about not having enough cash, adhering to a Chinese habit of saving.
Now,
having been to the Ghost Gate and returned,
he had let go.
One word.
Spend.
Not just spending,
but spending worthily
and joyfully.
Dying with unspent money is also a kind of pain. He had no descendants, no one to inherit his wealth; if he didn’t spend it, it would absolutely end up indirectly benefitting others, and even foreigners.
Honestly,
he was somewhat reluctant.
Meanwhile,
below the table,
all companies that won bids, and the bid lands were announced. Just as He Yi predicted, a bit more than half were taken by Myanmar companies, and foreign capital won nearly forty percent of the projects.
The prices for each winning bid weren’t announced.
Only winners could see their own on the backend.
He Yi was too lazy to be curious about that.
Next,
there was still plenty to do here.
Local well-known design firms from various countries had already been waiting for a long time and began frantically contacting these companies. For such a massive project, how could they miss out? This feast involved the whole industry.
From exploration, design, construction, building materials, furniture, landscaping, yachts... the industries activated and benefiting from this numbered in the dozens, creating at least three hundred thousand jobs.
"Let’s begin," He Yi made a call and ordered.
"Yes."
These matters
were handled by people below.
At this time,
He Yi saw a piece of news on the TV.
The Myanmar Medical Group had established a foundation accepting donations. This money, as stated, would be used for the research and development of various medical treatments and for providing medical aid to impoverished and backward regions worldwide.
After reading the foundation’s summary,
He Yi decided immediately
—to donate.
Right away,
he made a call there.
"Hello, this is..."
"I’d like to donate one hundred million Asia Dollars," He Yi said directly.
"..."
Just having opened,
and already having a ’business’ deal
made the receptionist momentarily stunned.
"Sir, thank you for your support. If you wish to donate, please transfer the money to the account announced on our website. You will then receive an account where you can see where the money is going. Please read the donation terms carefully before donating."
"I need to remind you that once the funds are donated, they can’t be refunded. As for the use of the funds, donors have limited rights to know, as many details involve corporate secrets and cannot be disclosed publicly."
Such terms
were a bit harsh.
Knowing roughly where the money is spent but not specifically, means there is a large grey area; I can explain it to you, but you must believe.
No questioning.
This is somewhat an ’overbearing clause’.
However,
to donate or not is your freedom.
No one is forced.
Having no plans to delve into the specifics of how the money would be used, He Yi said, "I’ve read those terms. I don’t care how you use it; as long as I’m alive, I will donate this amount to your foundation every year."
"... Okay, thank you for your support," the receptionist responded, briefly shocked then quickly contemplating a possibility; this seems like someone trying to buy a lease on life, truly an interesting person.
At that moment,
He Yi’s details also appeared in front of her.
Seeing his medical records from the hospital, she smiled. Indeed, considering patient privacy, she could only see that He Yi had been to the hospital and not what illness he had previously.
"Are there any special treatments for donating so much?"
He Yi suddenly asked.
"There are, but not many, like having exemption from appointments for consultations, and annual free physical examinations. Since it’s over a hundred million Asia Dollars, you and your family can also enjoy the same treatments."
The receptionist briefly introduced, which was yet-to-be disclosed information.
Not a lot,
after all, theoretically, it’s a company’s foundation.
Many benefits,
are available,
but also not.
Without giving it much thought, He Yi was satisfied. This was somewhat a purchase of peace of mind; since he could get medical attention anytime, he had no other requests. This simplicity was also good.
Immediately,
He Yi ended the call.
Transferred one hundred million Asia Dollars into the foundation’s account; these funds were already exchanged before, and the large transaction was convenient here. Being advanced in age, he still operated online.
After the transfer,
a bank employee even called to confirm.
That settled it.
He Yi felt nothing.
In his life, his charitable donations had not been less than four billion Asia Dollars. Donating one hundred million Asia Dollars was truly trivial; if he hadn’t just spent so much, donating one hundred million dollars wouldn’t...hurt.
Thailand,
seeing this auction’s total amount,
that envy,
was indescribable.
Not only Thailand, but its other poor neighbors were also amazed, even India had a look of envy, but envy was useless. The Indian government hardly had any land in its hands.
Almost all in private hands.
Disheartening.
One auction
somewhat clogged their hearts.
What upset them even more happened later: the foundation received a staggering thirty billion dollars in donations the day after it was established, making global headlines.
