webnovelfull Chapter 383 Financial Crisis Ye Bufan’s Solution
Chapter 383 Financial Crisis Ye Bufan’s Solution
After Su Zhengyang took over, the entire Northern Xinjiang government showed a thriving momentum under his decisive and ruthless reforms and rectifications.
The expansion and training of the major military regions are also in full swing, and the local government systems have basically been rebuilt. In this process, many difficulties and troubles have been encountered, but Su Zhengyang, as the top leader, has said in one sentence that any person or force who dares to resist the central government's policies is the enemy of the entire Northern Xinjiang people. There is no need to be polite to them, and all of them must be dealt with with tough measures.
Among them, Liancheng's nephew wanted to rely on his uncle's power to plead for one of his childhood friends because he couldn't save face. Unexpectedly, after the matter became a big deal, Liancheng directly put the interests of the country above his own and personally sent the uncle to the detention center for two months, showing his determination and attitude to support Su Zhengyang.
Su Zhengyang, sitting in the presidential office, was having a headache looking at the financial statistics report in front of him. According to the report jointly compiled and submitted by the Ministry of Finance and the Statistics Bureau, the remaining funds in the Northern Frontier treasury are less than 700 million oceans. Su Zhengyang's subsequent series of development plans all require a large amount of funds to support. Today, the Chinese Chamber of Commerce has become Su Zhengyang's biggest economic support, and can provide Su Zhengyang with about 1 billion oceans in cash at any time.
But even if the Chinese Chamber of Commerce is a hen that lays golden eggs, it cannot withstand frequent blood draws, which will also affect the original development of the Chinese Chamber of Commerce.
You know, according to Su Zhengyang's plan, the standing troops in the five major war zones will reach three million people, plus the police departments, local security teams, and gendarmerie in various places. The annual expenditure on military pay and salaries alone will cost at least 8 million to 10 billion oceans. At this time, Su Zhengyang had already begun to complain in his heart that the system was good in everything but would not give him a lot of development funds, causing him to be overwhelmed by the funding gap every time.
However, the system's explanation for this is that if the system gives the host a large amount of currency, it will have a huge impact on the existing monetary system and even the world's economy. Therefore, in order to avoid this result, the system will not give the host funds, but will spare no effort in supporting other military, technical, and industrial equipment.
"Now the entire northern Xinjiang is in a state of disrepair. It is somewhat unrealistic to expect a large-scale increase in tax revenue within at least a year. But how can we solve the current fiscal deficit crisis facing the northern Xinjiang government?"
Su Zhengyang frowned, pondered for a moment, and said to Fu Jiang beside him: "Xiao Jiang, call several key leaders of the Ministry of Finance to me. I want to have a good discussion with them."
Half an hour later, Jiang Zhengguang, then Minister of Finance, came to Su Zhengyang's office with two deputy ministers, Ye Bufan and Qian Jin.
"President! I wonder why you suddenly called us here. What's the important matter?"
"sit down."
After Su Zhengyang motioned for everyone to sit down, he looked at the three young men in front of him. Jiang Zhengguang and Qian Jin were both senior government talents summoned from the system. Only Ye Bufan was promoted from the original Northern Frontier government system. At this time, Ye Bufan was wearing a black Zhongshan suit, a pair of black-framed glasses, his hair was combed back meticulously, his eyes were solemn, and he was carrying a black leather briefcase. He looked very serious.
When Su Zhengyang told the three about the current financial difficulties they were facing, Jiang Zhengguang and the other two looked at each other. It seemed that the president called them here because he wanted them to come up with a perfect solution.
The financial report in front of Su Zhengyang was first reviewed by the Ministry of Finance, so the three of them had a basic idea of the current financial situation in Northern Xinjiang. When Su Zhengyang called them over, they had also made corresponding mental preparations.
After the three of them pondered for a moment, Ye Bufan was the first to express his opinion. In fact, it was obviously inappropriate for Ye Bufan to rush to express his opinion in the presence of his immediate superior Jiang Zhengguang. However, apart from his outstanding talents, this person was a complete blank sheet of paper when it came to the ways of the world. He never cared about human relationships or underlying rules. Fortunately, Jiang Zhengguang and Qian Jin were both talents summoned by Su Zhengyang from the system and did not care about these things.
"President, in my opinion, there is only one way to quickly replenish the treasury funds!"
"Our local government system has just been rebuilt and stabilized. I know that the president will definitely conduct a large-scale land inventory next to severely punish those gentry and landlords who hoarded land. However, after the cancellation of some harsh taxes in Northern Xinjiang, the main tax revenues are now only agricultural taxes and commercial taxes. In particular, the president, out of consideration for the people, has also specially implemented a tax exemption policy to support poor households. In the short term, it is unrealistic to rely on taxes to create value."
"But there is a cornucopia of money that the president may be overlooking that could provide us with a massive amount of money."
"Oh? Tell me?"
Su Zhengyang showed an expression of interest and looked at Ye Bufan.
"The foreign-founded trading companies, such as the French Chamber of Commerce, the Berlin Chamber of Commerce, and the Jules Trading Company, have made a lot of money in Northern Xinjiang. However, according to the agreement between Northern Xinjiang and them, as long as their trading companies are headquartered in their concessions, we have no right to collect any taxes. Foreigners are even exempt from taxation, which has led to many domestic trading companies being exempted from more than half of their taxes, or even paying nothing, as long as they have foreigners holding shares."
As Ye Bufan spoke, he took out a thick stack of documents from his briefcase and placed them in front of Su Zhengyang.
"This is the financial report of major foreign banks that I commissioned my colleagues at the CIA to obtain using their methods."
"President, you can take a look. The French Chamber of Commerce owns the East Asia Car Dealership, a series of nightclubs in the concession, high-end clubs, and the Paris Nights department store. The East Asia Car Dealership not only almost completely contracts the rickshaw business in Beijing-Gang City, but also helps the wealthy merchants in the country import luxury goods such as cars. There is even the Xuelan Crude Oil Company, which has set up multiple gasoline sales points in Beijing-Gang City and Northern Xinjiang, and has made huge profits over the long term."
"The Oriental Charm, New World Nightclub, and Yongdie Cinema, all located in the French Concession of Beijing-Hong Kong City, are well-known dens of money-spending, with extremely high annual revenues. Not to mention the Paris Department Store, whose cargo throughput and sales volume have already surpassed the Dahua Department Store of the Chinese Chamber of Commerce."
"In the thirteen years since the French Chamber of Commerce was founded, this chamber of commerce, which was invested by French nobles, not only did not pay a single cent of tax, but it also openly sold opium in secret. It was not until President Yang realized the seriousness of the matter and issued an order to ban it that their opium trading was curbed."
"In addition to the French Chamber of Commerce, the income of other foreign chambers of commerce is also an astronomical figure. I have done a statistics. If the 17 foreign chambers of commerce with their headquarters in Northern Xinjiang pay taxes according to the normal proportion, it will be enough to double the current commercial tax in Northern Xinjiang. Add to that the large private companies that use their foreign identities to hold shares to evade taxes. If this problem is solved, the commercial tax in Northern Xinjiang alone will be around 10 billion oceans per year, which can initially solve the financial crisis we are facing."