Heads Up Hollywood

After the reception of the Golden Globe Awards, it was nearly 12 midnight, and Twain sent Natalie home.

Of course, it was impossible to take it back to my own home, but it was sent to Shirley Hirschler's residence.

Shirley Hershler has resigned from the WMA agency and officially joined Tang En Pictures, and was appointed by Tang En to manage the taxation work.

Tang En saw her several times in the company, and each time she was busy, as if she had endless work on hand. I heard from Secretary Ira Fisher that Shirley Hirschler reimbursed many financial and legal reference books, and the total price exceeded 10,000 US dollars!

While Tang En lamented that the intellectual property rights of the US emperor were too expensive, he also secretly admired Shirley Hirschler.

She is 45 years old and still has such enthusiasm for her work.

Natalie's self-motivated spirit is influenced by her, right?

"Mom, why haven't you rested yet?" Natalie looked at Shirley Heshler in surprise when she saw Shirley Heshler come out of the study.

"There is still some work at hand." Shirley Heshler reached out and stroked Natalie's hair. "It doesn't matter if you don't win the prize. There will be many opportunities in the future."

Natalie wrinkled her nose, "I know!"

Tang En smiled and said, "I'm sorry, Shirley, to disturb you at such a late hour."

Shirley Hershler waved her hand lightly, "You're too polite, I thought you guys weren't coming back."

Natalie raised her eyebrows when she heard this, "Where are you going if you don't come back? Mom, don't you want to drive me away? I don't agree!"

"This girl!"

Shirley Heshler shook her head, feeling a little helpless, and Tang En smiled and changed the subject, "Shirley, is work going well? You know I've been busy with movies, and I haven't been involved much in the company's affairs."

Shirley Hershler's face turned serious, "Twain, I was just about to tell you about this. In the past, Twain Films was just a film studio. It doesn't matter if the system is looser, but after the acquisition of Marvel, it will It is necessary to establish an evening company system, especially a real manager.”

Tang En fell silent.

Shirley Hershler said: "Twain, I know you are a director, and you love making movies, just like Spielberg. But Dunn Films is a film company, and it not only manages movie content, but also operates, There are many issues in distribution, publicity, public relations, taxation, etc.”

"Mom is right, Tang En, you should find a manager!"

Natalie poured herself a glass of juice, curled up on the sofa, drank with a straw, and nodded in agreement.

Tang En smiled, "Actually, I'm already working on this."

"Oh? Who?"

"Bill."

Natalie gave a chuckle, and then gave Tang En a look of embarrassment.

During the reception, she and Tang En chatted about two "Bills", one is the president and the other is the richest man. The content of the topic...is horrifying.

Tang En didn't keep it secret, and said bluntly, "It's Bill McNick."

Shirley Hershler's eyes widened in disbelief, "Bill McNick? The resigned Fox CEO?"

Tang En laughed and said, "That's him!"

"How is this possible?" Shirley Hershler looked in disbelief.

"It's impossible to always try to know." Dunn shrugged, his face was calm, "I think Bill still has the enthusiasm for work, and he hasn't reached the age of retirement. More importantly, so far, I only believe that He can help me manage Twain Films well."

Shirley Hirschler pondered for a while, but did not say much on the subject. This will be the most important personnel appointment for Tang En Pictures, even if she is Natalie's mother, she has no right to interfere.

"By the way, there is one more thing, the tax issue."

Tang En was a little bit big headed.

Shirley Hershler, however, had a serious face, very solemn, "Twain, I think you have seriously neglected the tax treatment. This is a major mistake!"

"No, I'll hand it over to the tax company." Tang En opened his eyes wide.

A look of disdain flashed across Shirley Heshler's face, "Tax company? Dunn, you're thinking too simply."

"What do you mean?" Tang En's face suddenly changed, "You mean the tax company will cheat me?"

"On the contrary, they pay taxes for you in an open and transparent manner according to legal standards." Shirley Hershler shook her head.

Tang En raised his brows, "How do you say it?"

Shirley Hershler was a little contemptuous, "It is precisely this legal and reasonable tax payment that is the biggest irresponsibility of the tax office!"

Tang En suddenly understood Shirley Hershler's meaning, the gray area, the edge of the law, and tax avoidance!

The tax company did not help him avoid taxes very well.

Shirley Heshler said: "Tang En, to put it simply, let's take "Titanic" as an example, what you get is 5 million US dollars plus 10% of the global box office dividend, right?"

"Um."

"What percentage of taxes do you pay? How much tax do you pay in total?"

Tang En thought for a while, ""Titanic"...I received a total of 193 million US dollars, with a federal tax of 39% and a California regional tax of 9.3%. The total tax payment is about 93 million US dollars."

It was the first time Natalie heard about this, her eyes widened and she exclaimed in disbelief.

She starred in "The Girl Who Moved Soul", and her salary was only 500,000 US dollars, which was still for Twain's sake. Unexpectedly, Twain earned nearly 200 million US dollars from a single movie!

This gap is too big!

Natalie was a little angry and a little disappointed.

When Shirley Heshler heard that Tang En had filed a tax return of US$93 million, her heart ached like bleeding. She took a deep look at Tang En, "Don't you think the tax is too high?"

"It's high... Huh? Is there a way to solve it?" Tang En finally understood what Shirley Heshler meant.

Shirley Heshler said: "Twain, I have done a lot of research recently. Guess what the average income tax was for the top 400 richest people in the United States last year?"

Tang En looked at her blankly.

"27%!"

"This is impossible!"

Tang En blurted out, as a billionaire, he has to pay 48.3% of his personal income tax. For those super rich with billions of dollars or tens of billions of dollars, the tax rate has been reduced instead?

Shirley Heshler shook her head and explained slowly, "Tang En, let's take "Titanic" as an example. If the 10% box office dividend is not the director's salary dividend, but the investment dividend, you know what the result means ?"

Tang En didn't understand taxes and was at a loss.

Shirley Hirschler said: "This means that the 10% box office dividend is your investment income. And investment income, what you pay is not personal income tax, but capital income tax!"

Tang En suddenly widened his eyes, as if he had discovered a new world, and his breathing became short of breath, "What about capital gains? It took more than a year for "Titanic" to be released from filming, so I only need to pay 15% capital gains tax ?”

"That's right!" Shirley Hershler finally showed a little smile, "Just imagine, the director's remuneration of 5 million US dollars, paying 39% federal tax, the California district tax can be easily exempted, Nevada There is no state tax in the state. And 188 million box office dividends, only pay 15% capital income tax, a total of..."

Natalie rolled her eyes and replied quickly: "I know, 1.95 million plus 28 million is a total of 29.95 million dollars in taxes! The average tax rate... 15.5%!"

Tang En has already lost his mind, is this okay?

It turns out that there are so many things to say about the tax rate in the United States.

Shirley Hershler said: "Twain, you need to build a wealth management team with a huge professional team composed of tax accountants, lawyers, and planners. You will pay millions of dollars in salary every year for this, But it will save you huge tax dollars."

Tang En took a deep breath, "I'm going to do it now! Damn it, I was tricked by the tax company!"

Shirley Heshler was also a little helpless, "They acted in accordance with the laws and regulations, and they didn't choose a gray area, so you can't blame anything. It's just a pity that your income from "Star Wars" may have to be taxed at a rate of 48.3% Pay, after all... the time is short."

Tang En smiled and waved his hands, "It's okay, just take it as a lesson and make up for it later... By the way, the company's corporate income tax, isn't it..."

"Of course, no company can bear the 35% federal tax and 8.84% regional tax." Shirley Hershler nodded, "Especially we are a film company, and there are many tax reductions under federal and state laws. policy."

"for example?"

Shirley Hershler looked a bit embarrassed, "I only recently studied these topics, and I don't know much about it. The company needs to set up its own taxation department. Let me give you a general idea. Nevada has become a foundation, and the Putting all the profits of Tang En Pictures into this foundation, it can avoid the 8.84% regional tax in California, because the headquarters is here, and it can also enjoy the tax reduction policy of California."

Tang En was stunned, "Just tell me what the tax rate for the specific company will be?"

"About... about 25%."

"so little?"

Tang En was so happy that he was a little horrified.

Shirley Hershler laughed and said: "Of course, we are a film company. Any country or region adopts a low tax rate to attract film companies. The 10% federal tax deduction is already considered low. If you set up an offshore company, the overseas income will not enter the United States, and the average tax rate will be lower.”

Tang En discovered for the first time that managing a company is so complicated!

The tax rate issue alone caused him a lot of trouble, and he paid hundreds of millions of dollars for it.

Fortunately, he finally found the problem.

Tang En felt even more urgent about Bill McNick's invitation.

"Xue Li, I will leave the company's tax work to you in the future. Your main job now is to set up the tax department!"

Tang En had a serious face, exuding a courage and majesty that did not match his age.

Shirley Hirschler was overjoyed.

In charge of tax work?

This is the top management of the company!

Shirley Hershler has her own small thoughts and tricks. She found out that Tang En made ups and downs in the stock market some time ago.

With such a talented and capable boss, will the scale of Tang En Pictures be small in the future?

Shirley Hirschler seems to have seen her walking in Hollywood, hugging her front and back.