"The money is transferred from your charity foundation..."
Mr. Wardrick interjected with a word, and Severa nodded in agreement.
Despite Severa being only in her twenties, she already owns several different types of foundations, which is quite common for heirs at this level. Everyone holds resources that are incomprehensible to outsiders.
In fact, this is quite a troublesome issue. In such families, every generation faces a unique problem, which is the issue of transition of power and wealth.
For example, when Mr. Wardrick gets old, he needs to hand over his wealth and power to his heir, which is Severa.
The transfer of power is easy — just a signature on some legally effective documents. But the transfer of wealth involves a tricky, yet unavoidable obstacle — taxation.
Inheritance tax exists among various taxes in the Federation, and it is an unreasonable levy. Someone once said that only birth and death are tax-free, but this statement is wrong.
