Tao Liangchen

Chapter 987 Leisure Farm

Two days were spent in Pengcheng.

Su Yehao's plane quietly landed at Hualien Airport on the island.

Unlike his usual high-profile trips, this time the bodyguards, after leaving the airport, disguised themselves as a tourist group from Hong Kong.

It just so happened that the Shin Kong Chao Feng Leisure Farm, which he wanted to inspect, was also in the Hualien area.

So he simply booked a hotel in the farm. Yin Liuli took her daughter, Su Leyao, to check in with him first.

Yin Liuli had grown up in the area since she was a child, and was quite familiar with the surroundings. Looking out the car window, she saw the cows and pastures outside and said with a smile:

"I used to ride my scooter past this place all the time. My mother even worked nearby, picking pineapples in the orchard and growing many kinds of fruits, like papayas, wax apples, sugar apples, and so on."

Detailed information about the leisure farm had already been sent to Su Yehao. It covered a total area of more than 720 hectares, which was about 10,000 mu (Chinese acres).

He admired the scenery along the road, holding his sleeping daughter in his arms, and said softly:

"This should be one of the largest farms on the whole island. The surrounding environment is quite good, with green mountains and clear waters. Living here should be very healthy. I don't have this kind of large farm under my name yet. It would be nice to escape the big city and come here to live occasionally."

Yin Liuli asked with interest, "I saw in the newspaper that Gates is also buying farms and estates in large quantities. Can it also be used to offset taxes?"

"That's right. Anyway, the land can't run away. It's more suitable for passing down to future generations."

Remembering something interesting, Su Yehao continued:

"Last year, the Gates Foundation received nearly $4 billion in investment returns on a principal of nearly $27 billion, with a profit rate of about 15%. And the couple only need to donate 5% of their total assets each year to make the entire foundation eligible for tax breaks. It's more cost-effective than doing business normally, which leads to these rich people getting richer the more they donate. They are clearly tax avoidance masters, but they can gain both fame and fortune, which makes me drool with envy."

Having worked in his charitable foundation for a long time, Yin Liuli was well aware of the relevant field and said calmly:

"The mainland is different. You need to donate about 70% of your total assets every year, which means that without making any money, you will almost donate it all within three or four years, directly plugging all the loopholes."

"It's indeed not easy to avoid taxes in the north. Otherwise, why would rich people always want to run away? Ordinary people feel the pinch when they pay a little tax, and companies and the wealthy certainly pay more attention to tax rates. Every time I look at the accounting firm's report, my heart aches for a long time."

Su Yehao didn't want to set up a façade.

The recent discussions on issues such as estate tax and corporate tax in Casino were fully promoted by him in an attempt to turn Casino into a brand-new tax haven.

Ordinary people always hope that the rich pay more taxes, but the rich inevitably have their own selfish motives. The contradiction between the two is difficult to balance, which leads to multinational companies and the wealthy often liking to immigrate to tax havens, while ordinary middle- and high-income earners prefer to choose to go to the United States, Australia, Canada, and other places.

The reason why Singapore is so popular is not really because it does so well in terms of ecology, education, and public security. Its identity as a tax haven is its core competitiveness. The fact that overseas income does not need to be taxed has prompted many multinational companies to flock to it.

Unknowing, Yin Liuli asked:

"Then why is Gates buying land? The output value of farmland is not high. Isn't it better to invest in stocks like you, which can both appreciate and earn dividends?"

"You've come to the right person to ask. Others may not understand Gates' mentality, but only those of us who have earned enough money will value stability more than the rate of return. Someone helped me investigate and said that the average rate of return on American farms over the past decade, considering factors such as rent, output, and appreciation, exceeds 10%, which is a few percentage points higher than the average return on investing in stocks and gold."

Su Yehao sighed slightly and said with emotion:

"When you encounter problems you can't figure out, analyze them from the perspective of interests. It's really easy to guess. There are too few truly great philanthropists who completely donate their wealth. Anyway, I don't seem to have any around me..."

...

After arriving at the destination, they checked in.

There were many tourists in the lobby, and they needed to wait patiently in line.

Linda Yun helped with the arrangements, and Su Yehao took his daughter for a walk nearby.

A fair-skinned young girl, speaking softly, was taking a group of kindergarten kids to see the rabbits, and almost took Su Yehao's daughter away too.

The island is a developed area, and the salary is not bad. People have less pressure in life.

With nothing to do, Su Yehao took the initiative to strike up a conversation and asked an old man dressed as a farmer who was pruning shrubs about how much money he could earn each year.

The other party didn't recognize Su Yehao and said that his family farmed the land and earned about 70,000 to 80,000 Hong Kong dollars a year. He could also earn 50,000 to 60,000 Hong Kong dollars by doing odd jobs at the leisure farm, which meant his monthly salary was over 10,000.

Speaking carefully, although the average income in Hong Kong is higher than here, the quality of life is not necessarily as livable as the local area.

The area of the entire island is more than thirty times larger than Hong Kong, but the population is only three times that of Hong Kong, which means that whether it is in terms of employment opportunities or housing, it is much more comfortable than Hong Kong.

The reason why he thought about this was because Su Yehao discovered it during his last trip to Kenting. The overall atmosphere on the island is relaxed, and people speak and act slowly. Perhaps they don't have much money in their hands, but they live a relatively comfortable life.

Different places create different atmospheres, and the differences are quite obvious.

In comparison, although the pressure of life in Hong Kong is greater, at least you can earn more by working hard. The tertiary industry is developed, bringing many employment opportunities.

And the mainland is a bit hard.

While having a large labor force, fierce competition follows. If the cake is not continuously enlarged, the share that everyone gets is very small.

Su Yehao believes that he now has the strength to easily push Casino to the top of the world in terms of per capita GDP, but it can only make a small splash in the north.

Thinking along these lines, he can see that it was precisely when the European population grew and began to expand overseas that they were able to maintain their superior quality of life.

If Europe had two or three billion people, it would probably cause the social welfare order to collapse instantly, with many people vying for a high-paying job.

He vaguely remembered that in his previous life, several provinces and cities had successively surpassed the island in terms of economic aggregate.

Su Yehao was wondering what it would be like if he worked harder and all parts of the country comprehensively surpassed the local economic aggregate.

Perhaps the per capita aspect is still not comparable, but the overall quality of life will at least be far higher than it is now.

Logically deducing the conclusion that hard work will be rewarded, Su Yehao felt that it was too early to retire now, and instantly found some new goals to strive for.

At the same time, he decisively gave up his plan to invest in a leisure farm here.

Instead of spending billions of Hong Kong dollars to buy this farm, it would be better to invest the money in a place with more beautiful scenery. He began to consider finding a place in the mainland to build a resort town...