In fact, this is quite common abroad.
First, the establishment of charitable funds can avoid tax. Whether it is the tax of enterprises or the inheritance of family property, tax avoidance can be realized by establishing charitable funds. After his death last year, Wanxiang has been setting up charitable funds, probably for tax avoidance reasons.
Second, the establishment of charitable funds is not a simple donation. Although charitable funds should also define their charitable direction, the use of funds must also be stipulated in the fund's articles of association. However, the dominance of charitable funds is still in the hands of donors. As his son and chairman of Wanxiang Group, Lu Weiding still has the right to decide the investment of these funds.
Third, Buffett and Bill Gates have made similar donations and set up charitable funds, but it does not affect them to continue to be world-class rich. Lujia's donation is more of a charity gesture. The key lies in how charitable funds stipulate the use and ownership of funds.
4. Wanxiang Group was donated by Lu Weiding to set up a charity fund, excluding Wanxiang Holdings. Wanxiang Holdings is a financial holding group independent of Wanxiang Group. Wanxiang Group is mainly its manufacturing assets, while Wanxiang Holdings is the financial group at the helm of Lu Weiding. In fact, Lu Weiding's focus has already turned to Wanxiang Holdings. For the young Lu Weiding, the traditional manufacturing industry is too tired and the profit is not high. He is more willing to turn Wanxiang into a financial holding company and make money by financial business.
Recently, Lu Weiding, Chairman and CEO of Wanxiang Group, said at the 50th anniversary meeting of Wanxiang Venture that Wanxiang Group will donate the assets of audit report for the year ending 20 18 and set up a new charitable trust-Lu Wanxiang Venture Fund to support new technology research and development and high-end talent education.
Speaking of Vientiane Group, we have to mention it, and speaking of it, we have to mention his charity.
1in July, 969, Lu led six migrant workers to raise 4000 yuan to set up the agricultural machinery factory of Ningwei commune. In 20 15, it ranked on the hurun rich list with assets of 65 billion yuan 10.
This is a very impressive entrepreneurial achievement, but compared with his charitable behavior, these are eclipsed.
Lu is a philanthropist who never forgets to dig wells. 1992, he donated half of his assets-150,000 yuan to Ningwei Town Government. In 2007, 370,000 yuan was allocated to establish a health clinic in Zuoquan County, an old revolutionary base area. In 20 14, four ten thousand people's projects were put forward to help 1 ten thousand orphans grow up, 1 ten thousand poor students study, 1 ten thousand disabled children live, 1 ten thousand elderly people earn their own living.
Lu Qiuguan, who has charitable feelings, brought out his son Lu Weiding, who is also enthusiastic about charity, and donated money to Vientiane Group to set up a charitable foundation, which is also a family inheritance.
Of course, Wanxiang Group's charitable fund donated by Lu Weiding does not include Wanxiang Holdings. Wanxiang Group is mainly its manufacturing assets, while Wanxiang Holdings is independent of Wanxiang Group. But this is still an amazing move, and many people will benefit from it.
All along, there have been many media reports that the so-called charitable funds are arrangements for the rich to transfer assets in order to evade policies or avoid taxes. But no matter how you understand it, it is a fact that charitable funds are doing charity.
Very simple ~ As a rich second generation, consider the sustainability of future wealth! Didn't you say that you can't be rich for three generations ...
There are many advantages to setting up a charitable foundation! If something goes wrong with Wanxiang Group in the future, his family will have no worries about wealth. At the same time, for the descendants of the family, these people are self-reliant and very beneficial, and will not become playboys. The third is that it will not change because of national policies, because it belongs to the foundation? His personal qualitative change, the confiscation of wealth and so on.
The practice of this charitable foundation is actually a good tradition for American society to inherit wealth. Therefore, China, a wealthy family, has now introduced this model from the West, which is a good proof of the statement that the domestic wealth is less than three generations.
Learn from HNA Fund.
Personally, it is a kind of financial arrangement, which will not lose the controlling interest, avoid taxes, win a good reputation and avoid national attention. It's killing many birds with one stone. high
Two words: tax evasion
If I had money, I would do the same. What's the use of more money Just eat and drink enough. People who spend more money on themselves are unhealthy. As for the children who read well enough to be healthy. If you have more money, you should help others and all the suffering groups.
Well done, but if you are a science and technology innovation fund, it is also very good to donate 30% of the money earned by the science and technology innovation fund to charity.
A transfer of assets, after the establishment of charitable funds, assets no longer pay interest and taxes, ostensibly donation, but in essence complete privatization.
Admit the status quo, smart guy.