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Weida Foundation
They do this to avoid the inheritance tax in the west, which is very high and can exceed half of the inheritance. In fact, this statement is only superficial, just for tax avoidance, and inheritance tax is only one aspect of tax avoidance. What we know is that donations are tax-free, but for the rich, what they donate is not cash, but physical assets such as shares they hold. These assets need to be realized with high income tax, just as the company may only invest $654.38 million at the beginning, and then the stock value is 1 100 million. In this way, as long as your stock is transferred, it is basically taxable net income, but these assets will be tax-free when they enter the foundation, and your income will be there. So it is not only inheritance tax, but also income tax, but the core of the problem is deeper, not how to avoid tax.