A developer's confession: taxes and fees eat 60% of profits
At least 50 chapters will be required for the first period of a project, with approval and acceptance by different departments. The project was built, not counting land costs, and 62 per cent of the profits were collected by the government in the name of taxes and taxes..
Lureto
At a dinner at a large forum, lin fei (alias) sat next to the journalist of the 1st financial journal, laughing at the journalist, handing over a business card, and chat began。
The company where lin flew developed real estate in one of the cities of the long triangle, and the topic naturally began with private borrowing in recent years。
Lin fei said that the first city in zhejiang that had collapsed as a result of a private lending chain was wenzhou, and the second would probably be yiu. In yiu, lending between relatives is very common, and once a runaway or collapse occurs, one may be pushed down like a domino。
Lin fei told journalists that most of those involved in illegal fund-raising activities were actually local civil servants. It is normal to have a well-established civil service。
Why are civil servants so rich? Lin fei said that the smaller the place, the smaller the official, the more he was, the less power he had。
The topic then shifted from private borrowing to power-seeking rent-seeking, as it was in the real estate sector, which lin fei claimed was common。
62% of the profits were taken away
Although lin fei is in his 30s, he is often unable to sleep and has lost a lot of hair。
Lin lamented the fact that there were too many stakeholders involved in project development, dealing with at least 30 government departments, subsectors under more than 30 departments, not less than 50 chapters for the first half of a project, and approval and acceptance by different departments。
“what is it that even the directorate of health comes to examine, in addition to the planning and construction sector, the acceptance of a project? In the design of the building, the living room on the first floor cannot be a bathroom. Such an inspection would have been appropriate, but why does it have to be so many things a department could have done? In addition to the health department, the city authority will come and check。
There are some chapters that need to be covered with money to solve problems, and the usual way to do so is to deliver cards. Some inspectors take their share and suggest that “i have a colleague who has not come”. So lin fei put another card into his hands with great interest。
“we usually don't have to work until the first half of spring. Every day, the routine is a gift, a card, a drink table, a ktv at the end of the meal, and i'll settle the bill.” lin laughed。
In addition to these hidden costs, the cost of taxes and fees for real estate development projects is alarmingly high。
Lin fei said that a project had been built, not counting the cost of land, and that 62 per cent of the profits had been collected by the government in the name of taxes and fees, and that taxes and fees were numerous, with additional fees for higher education, urban construction..
Many taxes are flexible, such as a land value-added tax, which can be paid for 2 million or 7 million, and which, of course, prefers to have fewer points of contact, which should be “showed” to the relevant officials。
The reporter of the 1st financial journal asked lin fei why most of the profits were taken away and you were willing to develop real estate
Lin fei told the press because the base figure was large. There are thousands of hotcakes sold every day, not much, but the development of real estate, one of which is hundreds of millions, is sold at least 38 per cent of the profits. Moreover, real estate development requires a large amount of money, an industry that is not accessible to anyone, and a certain threshold。
Lin fei said that the new government, emphasizing the decisive role of the market in the allocation of resources, continued to “freeze” the market with hundreds of clean-up and decentralization of administrative approvals. He felt that such initiatives would help to optimize the market environment, but the road was still far away。
From 800,000 to 2 million
Lin lamented the fact that it was really difficult for private enterprises, whose chairman was also a billion people, to find a way to make money and give antiques。
Lin fei asked reporters if they had heard a story about an antique that was worth 800,000 when it first appeared in an antique store, and then in a few days it turned into 2 million
The reporter said that someone wanted to give a gift? Sending antiques to someone who sells them to antique stores, buys them at a high price and pays the difference by the presenter。
Lin fei said, have you heard the story? But it's true. There's a jade shop in beijing that closed last year because of the eight clauses. But the store used to be particularly good, doing only two months a year, in february and march. February is spring festival, and march is the national bipartisan. It's the same business cycle as some luxury stores, the best in february and march. What for? A gift! The economic situation is not so good, but some officials “should have received it”。
Drums pass flowers
Well, the real estate situation isn't so good right now
Lin fei said to journalists: “we will transform into cultural industries, invest in financial enterprises and invest in mining.”
He said that mining abroad was more intense than in china. Although there were also difficulties in adapting to foreign systems and rules, many provisions were clearly written there, as long as the rules were followed。
“there are more and more companies going out now, and they feel comfortable investing in institutions.” lin fei said。
Lin fei also told a journalist in the 1st financial journal about a case of drumming flowers for mining development in the country。
Lin fei revealed that people with a “background” are generally able to mine in china. If a person can get a mining title to a mine through a relationship, he does not need to exploit it himself, because it is too expensive for him to sell the mine for a few rounds。
How does it work? Pay the experts some money and let them report that the mine is rich and valuable. So the mine's famous. The owners of private enterprises would not normally believe the views of the experts, but the listed companies would be interested in taking advantage of the reputation of the mine and coming back with more money in the capital market。
Http://d3. Sina. Com. Cn/pfpghc/4f99b56cda8a4abe8cbc1d5fe8e5d640. Jpg
A publicly traded company would not be able to exploit the mine, but rather would seek to exploit or sell it to a powerful state enterprise. This is provided that the relationship with the head of the state-owned enterprise is established. Once the state enterprise had bought it at higher prices, the problem arose, and the mine was not rich and could be lost. It doesn't matter, however, that by stripping off bad debt, society as a whole can share the cost of bad debt。
Lin flew out the question: “in this process, from those who have acquired mining rights to the companies listed on the market to the general public, they are the beneficiaries, so who is the payer?”
The reporter asked him if he was going to do anything else since he was so tired in china
Lin shakes his head and says, "no one can get out of the environment completely, but go home and see the kids laugh and think of nothing. Tomorrow is another day。
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