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    Ma Yun Complained: There Are Some Reasons For Donating Overseas Personal Alibaba Overseas.

    2015/2/28 21:27:00 33

    Ma YunTaobaoTmall

    Yesterday, Ma Yun suddenly cried out in his dealings. "A few days ago, I was surprised to see an authoritative report, which was called China's last year's report.

    Charitable donations

    80% what I was surprised to see overseas was that I saw the report only because my colleague and my colleague Cai Chongxin contributed 80% of China's charitable donations last year, and our donations were mainly donated overseas.

    Ma Yun said that the report's lethality was shocking. Many people criticized me during the Spring Festival, and even the relevant departments expressed concern.

    News shows that Ma did set up a huge charitable trust fund overseas last year.

    In April 2014, Ma Yun and Cai Chongxin announced the establishment of a personal charitable trust fund, which came from them.

    Alibaba

    The total size of the group's options is 2% of the total share capital of Ali group.

    The fund will focus on environmental, medical, educational and cultural fields, covering the mainland, Hongkong and overseas.

    At that time, the media estimated the value of the donation to be around 18 billion yuan, and the value of the Alibaba now is about 24 billion yuan.

    And the report by Ma Yun is the 2014 China donation hundred outstanding list released by the China Public Welfare Research Institute of Beijing Normal University.

    According to the data released by the report, China's large personal donations received by overseas institutions in 2014 amounted to more than 24 billion 200 million yuan, accounting for 80% of the total annual amount. Overseas charitable machinery constituted the main recipient of China's large personal donation funds.

    The report thinks that this phenomenon is due to the fact that Ma Yun and Cai Chongxin donated a total of 24 billion yuan to a charity in Singapore in 2014, plus the donations made by Pan Shiyi and his wife to Harvard University and Yale University. The result is that in 2014, 80% large personal donations went abroad.

    Ma Yun explained in the crowd that the reason why he donated overseas was that the system of setting up the charity fund in China was not yet perfect, and that the assets of overseas listed companies were donated. In order to facilitate early work, the fund could only be registered abroad, waiting for the establishment of domestic institutions to enter the work immediately.

    "Where the fund is registered does not mean where the money is spent.

    At the beginning of the donation, Cai Chongxin and I reached a consensus that the vast majority of the donation will be used in China's environmental protection, education, medical and health care, and China's public welfare infrastructure and training of public welfare talents.

    Objectively speaking, China's charitable trust system is not perfect, resulting in high cost of doing good.

    Mainland China regards equity donations as sales, so both the donor and the receiver must pay taxes.

    That is to say, if Ma Yun directly donated options or shares to the domestic foundation, in the process, in addition to Ma Yun's donation of shares and the need to pay taxes, the fund will also have to pay income tax when it is used for public welfare projects.

    And when the overseas charities are selling their shares, they do not need to pay income tax on the part of the stock appreciation.

    Mission

    The money can also be invested in China.

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