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Thread: Jisheng Gao interview

  1. #1

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    Default Jisheng Gao interview

    https://www.walkforpeace.eu/no-2-40-...isheng-family/

    Buying Saints was motivated by his wish to move some of his investments to the UK.

  2. #2

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    Doesn't really tell us much. Would be good to speak to the author of the piece to see what his impressions were.

  3. Default

    Thanks Delmary.

    Nothing much regarding saints but I suppose something is better than nothing.

  4. #4

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    Goa seems a fit lad

  5. #5

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    Sue Cook’s pulled out!

  6. #6

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    Quote Originally Posted by benjii View Post
    Sue Cook’s pulled out!
    Jeremy Kyle is twiddling his thumbs, might want something to keep him ticking over. Plus he does have a heap of Polygraphs and stuff that’ll be just collecting dust.


  7. #7

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    Quote Originally Posted by Delmary View Post
    https://www.walkforpeace.eu/no-2-40-...isheng-family/

    Buying Saints was motivated by his wish to move some of his investments to the UK.
    UK is well known abroad as a tax haven for the super rich. Good for them not good for any of us as their money is tied up in assets and so does not trickle down to stimulate the economy. Probably going to be ten times worse after we leave Europe. A form of prostitution really, if the price is right....

  8. #8

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    'Move some of his investments' is a funny way to describe taking on 200m in high-interest debt.

  9. #9

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    Quote Originally Posted by verlaine1979 View Post
    'Move some of his investments' is a funny way to describe taking on 200m in high-interest debt.
    Don't ask questions FFS.

    It's all fine.

    Yours, Prof. Pangloss.

  10. #10

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    Dodgy geezer the house of cards will come tumbling down we are going to end up in the s##t got a funny feeling.

  11. #11

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    Moan he says nothing
    Moan he says something

    #WeMoanTogether


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  12. #12

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    Quote Originally Posted by verlaine1979 View Post
    'Move some of his investments' is a funny way to describe taking on 200m in high-interest debt.
    Well, investment sounds so much better than debt.

    We have no issue with wealthy Chinese owners investing money in football: our problem is that Gao doesn't seem to have any.

  13. #13

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    Quote Originally Posted by Cabbage_Face View Post
    Moan he says nothing
    Moan he says something

    #WeMoanTogether


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    I must have missed that ‘something’ Coleslaw. What did he say?

  14. #14

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    Fantastic to get such in depth insight into the man, his business and what drives him and a real sense of clarity on his vision for the club. What an interview, well done to all concerned.

  15. #15

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    Make sense.

    Everything is very volatile in China, so when putting money into Southampton as long as we maintain Premier League status, he has a pretty stable asset.

  16. #16

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    [QUOTE=Charlie Wayman;2735798]UK is well known abroad as a tax haven for the super rich. Good for them not good for any of us as their money is tied up in assets and so does not trickle down to stimulate the economy. Probably going to be ten times worse after we leave Europe. A form of prostitution really, if the price is right....[/QUOTE

    The UK is far from being a tax haven for the rich it is pretty far up the list of countries taxation wise when you consider together income tax social security contributions, local taxes, capital gains VAT and inheritance taxes however you look at it? The reason rich foreigners invest in the UK is not the lack of tax but the the fact the UK is relatively stable (Even with Brexit) and a country of strong laws when compared to where they come from. So it is the lack of risk they are usually looking for not the lack of tax that affords their assets protection.

    If You want a tax haven there are plenty of much more efficient tax havens to move to starting close by with the Channel Islands, Isle of man, Monaco to those further away such as Caymen Islands Bahamas Bermuda the Gulf Arabian states like Dubai.
    Even the united states is a far better place than the UK if you are looking to pay less tax.

  17. #17

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    Quote Originally Posted by Charlie Wayman View Post
    UK is well known abroad as a tax haven for the super rich. Good for them not good for any of us as their money is tied up in assets and so does not trickle down to stimulate the economy. Probably going to be ten times worse after we leave Europe. A form of prostitution really, if the price is right....
    Not sure you thought that post through.

  18. #18

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    Uk a tax haven.

  19. #19

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    Quote Originally Posted by Shance View Post
    Uk a tax haven.
    We have the 4th lowest corporation tax in Europe, only behind Ireland, Iceland and Hungary. And we have quite a lot more embedded resources than them. Other countries like Germany and France with our level of infrastructure have tax rates almost double ours (34% and 30% respectively to our 19%). And that's not even including the mad amount of tax loopholes we have which can be easily exploited, ones which the government delib keeps open. After the recession the tories made us completely bend over to business and screwed the worker with austerity. Source btw: https://taxfoundation.org/corporate-...s-europe-2019/

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  20. #20

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    Also, just to correct the record. Those of you discussing things like income tax, national insurance contribution, VAT or any other personal tax. Those don't apply as the person pays there personal tax in the country of residence. Only corporation tax is paid in the country the corporation is based. It's why most big companies, even ones originating from the UK, have their CEO's based in the personal tax havens. So to reiterate, rich people live in personal tax havens and stimulate their economy with the money, but base their companies here because we are one of the worlds foremost business tax havens.

  21. #21

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    Thanks for saving me the time to explain that to the too fast on the finger brigade like Shance and CaptainChris

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