Life at the Top

Jasper had no idea of the two special guests that arrived in Faith County after him.

At the same time, the man was currently discussing the charity foundation with Wendy.

“This charity foundation will aim to sponsor poor children so they can have a chance to pursue their education. This is also all it will do. From what I know, international charity foundations tend to invest donations in insured financial products and do charitable transactions with the returns as they’re non-profit organizations.

“Some larger charity foundation even have their own investment department.

“JW Company is this charity foundation’s only shareholder, so we won’t do public fundraising. It’s also not time for that yet.

“I’ll have Jake represent me to invest the 10 million from Harbor City when the time comes, and I intend to have an annualized rate of return for this. Say that we set a rate of return of 10%. If it exceeds, then all is well, but if it doesn’t, then I’ll top it up with my own money.”

Wendy frowned when she heard that, “Won’t you make a huge loss if you’re coming up with the principal and also covering the shortage?”

Jasper smiled and replied, “We’re doing charity. In comparison to the money we make, this isn’t much. But this seemingly small sum of money is enough to help a lot of children.

“Besides, it’s not like we’ll definitely making a loss. Charity foundations come with many tax incentives. The main reason why so many enterprises abroad are passionate about doing charity is that it helps reduce the amount of tax one has to pay. For every 1 million we donate, we pay 800 thousand less for tax, meaning we only pay a net amount of 200 thousand. At the same time, we win both the officials’ and society’s favor.

“Our country also has systems like this in place to encourage the development of the charity industry. A certain amount of donations from an enterprise can result in a 100% tax deduction. When this happens, we don’t have to pay a buck, since our tax money will be considered to have gone to charitable donations.

“The most important thing is that the charity foundation is an asset, which benefits us, the society, and the officials.”

Since she worked in finance, Wendy immediately understood what Jasper meant. Soon, her expression became one of keen interest.

someone follow up on this immediately once we get back, so we can go through the procedures as soon as

capabilities, so keep things low-profile. There’s no need to broadcast it to

try to

“Okay,” Wendy replied.

they returned to Nauritus City as he joined

more decisions the parent

executives grew as well, and while they did help share quite a bit

development of

looked up from the report in his hands to Lance and Chad, who sat in front of him, and asked with a smile, “You two have given me a very

“I couldn’t decide when Lance handed the report to me, so I thought that it’d be best if you made the decision, Mr. Laine. After all, a few hundred million a year for research is just too

I’m right, this research expense of a few hundred million has already gone through multiple

replied, “That’s true, Mr. Laine. But

technical development of the integrated circuit. Relying on imported goods will one day become a weakness others

but did

well

country. Despite this, the company had been cornered and stunted by its competitors due to their inability to compete

in electronic equipment: the operating system software, and the integrated

also had a tight grip of

Jasper’s subsidiaries. One of the advantages of his reincarnation was that Jasper understood the importance of operating systems before everyone else did,