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... , placing their overseas enterprises under these Cayman companies. In the future, their operating funds could flow through Cayman accounts, saving them substantial amounts in operating taxes.

Some of Hardy Group’s companies also followed this strategy. As long as it was legal, the Federal Tax Bureau couldn’t do anything about it.

There was now another issue to deal with.

The total funds used to purchase these Japanese enterprises amounted to $570 million, a huge sum of mo ...

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