"The group has opened accounts for each of you at Wells Fargo in the Cayman Islands. The finance department will soon provide you with a digital account, where the money will be stored tax-free."
Hearing this, many laughed knowingly.
Personal income tax in the U.S. is quite high, and 30% is deducted before they even see their money. With the funds in the Cayman Islands, they wouldn't face these concerns; the U.S. government couldn't collect taxes on these funds.
Why? Digital accounts—the account holder is untraceable.
"Let me clarify, you can use 30% of these bonuses freely. The remaining 70% will be placed in a trust fund. As long as you work for Hardy Group, a bonus will be added each year. When you retire, you can live off the trust fund."
"The Cayman Islands has no inheritance tax. Even if you pass away, your wives and children can still receive the trust fund, ensuring their livelihood."
Many chuckled once more.
