Rebirth: Super Banking System

Chapter 1425: Chapter 1272: The Prototype of the Financial Center

A few streets away from the Exchange.

Inside Yu Tao’s Restaurant.

At this moment.

He was in pain.

And also happy.

Before.

He had thought that his main customers would be tourists.

But unexpectedly.

He was given such a great surprise here: the invention of Transcription Fluid, which could cure cancer.

Moreover, Myanmar Central Hospital was established in Xin’an City. Just like that, under their incredulous gazes, the whole Xin’an City reached nearly full capacity in just one short week.

Although.

The news kept reminding them.

That the treatment conditions in other places in Myanmar were similar, these people were still driven by their ’desire to survive,’ trying by all means to come to Xin’an City, this place where miracles happened.

Just like that.

His business... exploded.

From morning to night.

From night to morning.

Even if it operated 24 hours a day.

The customers were still coming non-stop. For this reason, he hired people from domestically, expanded his kitchen staff several times over, ran shifts around the clock, sometimes even up to four shifts, and wages were twice that of domestic top chefs.

Some of the new chefs.

Seeing how good business was here.

Suddenly.

Felt that they could do it too.

Began harboring thoughts of opening their own businesses, but in the end, reality gave them a harsh beating - to rent a shop in Xin’an City, unlike other places, one must have a good basis of cooperation.

For instance, overseas distributors of local products.

Or those who had done business in Xin’an Town and other Myanmar Economic Zones before and have a good credit.

In summary.

For old friends.

There are privileges.

The longer the cooperation.

The more willing Myanmar Bank Group is to let these people, who have always supported the local economy, have such entry requirements, helping them earn more wealth and strengthen their identification with the Myanmar Economic Zone.

As for the newcomers.

Want to make money?

Sorry.

You have to queue up slowly.

Only after becoming a ’supporter’ of the Myanmar series, for this system, Yu Tao absolutely loved it, as it signifies that Myanmar series recognizes him as a screw in this system.

And the Myanmar series.

Is the most powerful force in the country at the moment.

After getting cured.

Most people left quickly since they have jobs to maintain.

But.

Some rich people.

Were mostly idle.

After getting cured from their illnesses.

Cherished their lives immensely after rebirth and decided to stay here longer, waiting until their recovery was genuinely stable before leaving, making Xin’an City, already bustling with tourists, suddenly from crowded become ’fully packed.’

Fortunately.

The diversion measures here were well executed.

Constructed by Huaxia Company.

Accessible railway transportation in all directions.

Connected Xin’an City with surrounding counties and townships.

And it was double-tracked.

These people might come here to spend during the day and return to hotels, inns, rescue centers, etc., in other townships at night. Greatly easing the accommodation pressure in Xin’an City.

Every day.

Crowds of people.

Took the train to come to the largest city within the Myanmar Economic Zone—Xin’an City, for a stroll and to spend money. This imbalance in regional development, within the special zone, only this area still matched ’net worth’.

Items worth tens of thousands of dollars.

Displayed in a storefront in a township.

Even if genuine.

If bought.

Would feel devalued.

It can be said.

In just two months.

The profits of the restaurant had exceeded the income Yu Tao had projected for more than two years.

Of course.

More earnings.

Mean more taxes.

The tax system here is rather mature, providing subsidies for low-income individuals and implementing a progressive tax rate for high-income and ultra-high-income earners, upon close examination, it almost possesses the shadows of legal systems from all countries around the world.

Paying taxes according to the law.

Has been etched into Yu Tao’s bones.

Tax evasion?

Yu Tao wouldn’t dare.

The tax department here isn’t easy to trick, once tax evasion is discovered in foreigners, he would be blacklisted, facing not just substantial fines but also the possible revocation of the business license.

At the same time.

You cannot do business in Myanmar anymore.

The punishment.

Is quite severe.

Complained about by countless foreigners who came to do business.

But after complaining.

They just comply obediently.

Otherwise.

Could they go out and protest?

Nonsense, there is no such custom here. At the beginning of the month, an Indian who opened an Indian specialty store evaded taxes of seven hundred thousand Asia Dollars and was fined one million two hundred thousand Asia Dollars afterward, and his storefront was taken back.

You should know.

The storefronts here.

Are all rented to them by Myanmar Bank Group.

There is no ownership.

As long as some of the terms in the contract are violated.

They can be taken back unconditionally, of course, to appease the public, deposits and rent, are refunded, but from then on, please leave the country turn left and also restrict the number of entries each year.

In summary.

Tax evasion.

Carries a heavy penalty.

Yu Tao would not dare, for the sake of some money, lose such an opportunity - every single revenue is recorded, reported to Xin’an City Municipal Bureau of Industry and Commerce at the end of the month, and taxes are paid honestly.

Just last month.

His restaurant paid nearly one million four hundred thousand Asia Dollars in taxes.

Of course.

He also earned quite a lot.

After deducting all costs and personal income tax, the net income was over one million one hundred thousand, he had never thought in his life that opening a restaurant could yield an income of millions in a single year, laughing so hard he couldn’t close his mouth.

It’s just a pity.

All the shops here have been rented out.

There’s simply no place to open a branch.

Even high prices can’t buy one.

This is also a problem troubling countless businessmen here, not just once, people suggested expanding the urban scale of Xin’an City by five to ten times, far exceeding the construction scale of the nearby New District.

But no implementation yet.

They speculate.

Su Yu might want to concentrate resources for the entire Myanmar Economic Zone, after all, today’s expanded special zone area is already approaching one-third of Myanmar, with a population reaching ten million.