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With Yi Xiaohai¡¯s carrot and stick, Chairman Ve could only compromise. He convened a board of directors and reported cooperation matters to senior Pakistani officials.
When the senior leaders of Pakistan saw the cooperation plan proposed by Hantang, they almost did not hesitate and asked Chairman ve to promote cooperation with Hantang.
??????????????????????????????????????Chairman VE will do that, otherwise he will be in big trouble.
Both sides are willing to cooperate, so the next thing will naturally go much smoother. The top brass of Pakistan even hosted a banquet for Yi Xiaohai as a sign of friendship.
Three days later, Hantang and Ve Company announced the formation of a strategic partnership.
ve company transferred 3% of Vale's shares and exchanged 6% of the company's shares for 2% of Hantang North America's shares. At the same time, Hantang will cooperate with Brazil in multiple fields.
Since then, Hantang has directly controlled 35% of Vale¡¯s shares.
Because it owns 6% of the equity of ve company, ve owns 18% of the equity of Vale, and Hantang indirectly holds 1.08% of the equity of Vale.
A total of 36.08% of the shares.
The shares of Vale held by Han and Tang Dynasties are the largest one, with veto power, and the right to speak is different from the same.
Yi Xiaohai¡¯s goal of coming to Pakistan this time was perfectly achieved.
¡°But when Miranda learned that Han Tang and Pakistan would cooperate in many fields and would invest more than 200 billion meters in Pakistan, he thought Yi Xiaohai was crazy.
"Do you know how outrageous Pakistan's economic system is? If you invest 200 billion, there will probably be no cent left."
Marcelo is one of the top five families in Pakistan and has a strong say in this matter.
The cooperation between the Han and Tang Dynasties and the Ba Kingdom was brought about by the Hutas family. After all, with Miranda's relationship and the Hutas family mediating, the cooperation would be smoother.
Logically speaking, cooperation is good for Marcelo and the Hutas family, but Marcelo asked Yi Xiaohai to think about it carefully.
It is even more difficult for companies to survive in Pakistan.
In order to let Yi Xiaohai intuitively understand Brazil¡¯s business environment, Miranda and Marcelo explained to Yi Xiaohai in detail the wonders of Brazil¡¯s economic system.
??If we only look at per capita GDP, Pakistan is definitely considered a quasi-developed country.
In 2002, China's per capita GDP was US$1,148. How much was Pakistan's? It was more than US$8,800, eight times that of China.
China is not yet fully prosperous, but it does not have to worry about food and drink. However, Pakistan, which has a much higher GDP per capita than ours, is actually not as good as China.
The reason is mainly caused by Pakistan¡¯s emergency system and system.
First of all, it must be said that Pakistan¡¯s pension system is the most exaggerated and generous in the world.
In Pakistan, social security contributions only need to be paid for 15 years. Women can receive full pensions when they are 60 years old and men when they are 65 years old.
If someone starts working at the age of 23,
Men have contributed for 30 years and retired at the age of 53, while women have contributed for 25 years and retired at the age of 48, with full pensions paid.
Therefore, the average retirement age in Brazil is the lowest in the world, 53 years old for women and 56 years old for men.
The proportion of the working-age population participating in the labor force is less than 60%, and one person needs to support 2.3 people on average.
At the same time, the average pension that can be obtained after retirement in Pakistan is 70% or even 90% of the salary before retirement, and some even exceed 30% of the salary before retirement.
Such an exaggerated pension system has resulted in social welfare expenditures accounting for more than 20% of GDP, and 55% of federal government expenditures are used for social welfare expenditures.
????????????????????????????????????????????????????????????????????
Where does the money to provide high benefits come from?
Taxation!
If the taxes in China and the United States are already very high, then the taxes in Pakistan can only be described as crazy.
Corporate income tax is levied quarterly, with a tax rate of 25%. It doesn¡¯t seem like much, but it¡¯s just an appetizer.
In addition to corporate income tax, there is also a tax called "net profit contribution to social security". The general corporate tax rate is 9%, and for financial institutions it reaches 15%.
In addition, there are additional surcharges.
? Among them, the social contribution fee is levied at 3% of the total income or 7.6% of the total profit.
The social integration fee is 0.65% of the total income or 1.65% of the total profit.
Therefore, the real income tax of enterprises in Pakistan is 43.25%, and that of financial institutions is 54.25%, almost half of which is used to pay taxes.
also,
The personal income tax in Pakistan is also very high. In addition to corporate, personal and some strange taxes, Pakistan also has the most bizarre circulation tax.
To sum up one sentence?, tell Yan Guo to pluck his hair, or the kind that plucks all the hair.
The first way,
The industrial product tax that must be collected on all industrial products when they leave the factory or are imported is equivalent to the consumption tax in other countries. It is just that other countries collect it at the final retail stage, while Pakistan collects it when it leaves the factory or is imported.
And most of the consumption taxes in other countries are aimed at luxury goods, which are luxury goods consumption surcharges. For example, in China, if it is a general consumption tax, the tax rate is not high, about 5%-10%, such as footbaths.
But in Pakistan, it doesn¡¯t exist.
The tax on daily consumer goods is about 15-30%, and the tax on industrial products on slightly more expensive consumer goods, such as refrigerators and washing machines, is 35%, which is really outrageous.
The second way,
The goods circulation service tax is a value-added tax and a state tax. Most states are 17%, and Sao Paulo state is 18%.
If most countries levy value-added tax, they will no longer levy consumption tax. Only Pakistan will collect it.
Another weird thing about the commodity circulation service tax is that as long as there is interstate transportation, even if there is no transaction transfer, even if there is transportation under the same company, the tax is 7%-12%.
When you think this is the end, there is a third step, tariffs.
Import tariffs vary according to different commodities. The current nominal arithmetic average tax rate is 17%.
In fact, because Pakistan is a resource-rich country, the tax rate on raw materials is very low or zero. At the same time, they rarely import, and the tariff on daily consumer goods is generally 20-30%.
?????????????? In addition to paying customs duties on imports, there must be no less than industrial product tax and commodity circulation service tax. The taxes are accumulated layer by layer. The calculation basis of the latter tax value is the sum of all previous goods values ??plus freight and paid taxes.
It is said that the retail price of small commodities in China is more than five times that in China.
There are many tax items in Pakistan, and the tax system is extremely complex and cumbersome. The most important thing is that the laws and administrative orders are contradictory and inconsistent.
In addition to the federal government¡¯s tax laws, the 26 states of Pakistan and the Special Administrative Region of Pakistan have their own tax laws.
There are currently more than 50 types of taxes levied by the federal, state and municipal governments in Pakistan. Counting the various mandatory donations and fees, there are hundreds of them.
Therefore, it can be said that it is very difficult for companies to survive in Pakistan, especially foreign companies, which are almost frightened by the news.
Many people may think that Pakistan has high taxes and good welfare, which is a good thing, but in fact the Pakistani government is very poor, so where does the money from high taxes go?
Because Pakistan has a population of 160 million and only about 20 million so-called rich people need to pay taxes, they are deeply disgusted by this perverted high tax burden.
The remaining 140 million people warmly welcome the ideas of equalization and welfare priority, because for them, receiving pensions means that their working wages are still higher.
They can stop working early and even wait to receive their pension.
Society is in a deformed state, which has led to a serious vicious cycle in Pakistan. Companies have fled, and no one is willing to invest in the country. Gradually, Pakistan has become a stagnant water, waiting to slowly rot.
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