american tax collector

Chapter 277 Then seal all branches across the country

David took the information and looked at it carefully for about twenty minutes. Then he had some plans, stood up and said, "Follow me."

At the gate of the Los Angeles Internal Revenue Service, because the announcement just issued to the Swiss Bank was too explosive, some media in order to gain traffic have come and stationed here, planning to broadcast the latest news at any time.

"Director David is out!"

Soon, the shout of a media member alerted everyone at the door, and when they saw David and his party getting into a vehicle and suspected of going on a mission, they all got into their own cars and followed.

After galloping for about seven or eight kilometers, David's vehicle arrived at Rodeo Drive.

It has the most prosperous and expensive shopping avenue in the world and is also known as one of the top ten shopping paradises in the world.

But the media reporters who followed were a little confused.

What are David doing here?
Are you here for shopping?

Before they could continue thinking about it.

If it were anyone else, Jets wouldn't need to be so cautious.

After driving for a while, the vehicle carrying David stopped at the door of a building. When I saw the name hanging on this building, the entire Internet went crazy.

Seeing his arrival, not only the staff in the bank were stunned, but also the customers who were handling various businesses.

But whether they are media reporters or Internet fans, they are not very optimistic about David's behavior.

The fact that David came to the Los Angeles branch of UBS to investigate soon spread to the headquarters of UBS.

"Candereva, your department is responsible for the tax aspect. Our Los Angeles branch is not going to have any big problems, right?"

"Director David is so powerful. He has made all the lawbreakers and major Hollywood film companies submissive, but today I want to take a closer look at what he can do to our Swiss bank!"

And they are not panicking at all now.

After using the system functions to examine the lobby manager for a while, David didn't see any major problems.

Although he was unhappy that David asked their Swiss bank to cooperate, after all, he was the head of the Los Angeles Internal Revenue Service, so he naturally did not dare to offend him, so he could only turn around and go to inform them.

"Huh, let him find whatever he wants. Anyway, our bank doesn't have much, just accountants, so there won't be any tax problems!"

"Don't worry, Mr. Jets, as those netizens on the Internet said, the best thing about our bank is settling accounts. There will definitely be no problems!"

……

[Monthly income: 14000 US dollars. 】

【More details:】

After all, what do banks do best?
It's a settlement!
They calculate every penny more clearly than anyone else, and the same is true for tax matters.

Candreva, the head of the tax department who was named, also patted his chest and promised.

"Yes, although Swiss Bank is a foreign company, its branches are opened in the United States and must abide by our American tax laws. Could it be that... Director David wants to use this to retaliate against Swiss Bank for not cooperating?"

He is just a lobby manager, and his responsibility is only to be responsible for the situation of the lobby. He cannot touch higher-level business. It is normal that no abnormalities can be found.

[Income details:...]

As an employee of UBS, he was certainly aware of the explosive announcement issued by the IRS not long ago, and he probably guessed that David was here to cause trouble, but at this time he pretended not to know anything.

[UBS Bank, Los Angeles Branch. 】

But that was David.

Putting away his thoughts, David said: "Notify the senior management of your branch, I want to see them now!"

Although most people have already guessed David's intentions.

To be on the safe side, Group President Jets still asked.

“Since Director David is going to take this as revenge, what I want to know is that as the most famous bank in the world, UBS’s legal and tax teams are the absolute best among the best. How can he find this bank’s tax consultant? Violation?"

[Name: Puic Santo. 】

Many senior executives at UBS had actually guessed that David might take revenge, so there weren't too many surprises.

[Occupation: Hall Manager of UBS Los Angeles Branch. 】

"That's...okay!"

It wasn't just criminals who fell into the hands of this guy, even giants like Disney and Thackeray fell into trouble, and he didn't dare to be too confident.

It is no exaggeration to say that it is extremely difficult to find evidence of tax evasion from them.

Naturally, David and his team had no time to care about the comments made by the media and people online. At this time, they had already walked into the Los Angeles branch of UBS.

"I understand, Director David is looking for trouble with Swiss Bank!"

Soon, a man in a suit came up and introduced himself: "Hello, Director David, I am the lobby manager of the Los Angeles branch of UBS. My name is Puichi. How can I help you? "

It seems that if we want to investigate, we can only investigate the senior executives of this branch!

The reason is also very simple. What their bank is best at is settling accounts. For tax issues like these, let alone 120 million, even if they can calculate every penny, they are naturally not afraid of being investigated.

"Let's do this. You call the president over there and verify it carefully. Make sure everything is foolproof. After all, you are not facing an ordinary person this time. This is David."

【…】

"I knew he would definitely cause trouble for us!"

"Yes, Mr. Jets."

……

In a conference room at the Los Angeles branch of UBS.

At this time, the vice president, financial accounting department, risk department, and managers of various departments have all arrived at the scene.

David and others were also brought here.

But no one spoke at this time, because there was still one person who had not arrived, and that was the president of the bank.

After about five minutes, the door was pushed open, and a somewhat obese man from the Mediterranean came in and said with a smile: "Sorry, Director David, I just received a call from the top of the headquarters, saying that we need to cooperate well. You're enforcing the law, it's a little late."

He is the president of the Los Angeles branch of UBS, Ochoa Ito!
[Name: Ochoa Ito. 】

[Occupation: President of UBS Los Angeles Branch. 】

[Income: Legal income is 29000 US dollars, illegal income is 60 US dollars. 】

[Income details: On January 1th, illegal loans were made to Weber Company and a profit of US$14 was made. On January 10th, illegal loans were made to relatives and a profit of US$1 was made. On February 29th...]

【More details:……】

[Tax payable: US$237600. 】

David also said that he would summon these senior officials to take a closer look, but he did not expect that he would gain something from the president named Ochoa!
But I have to say, this guy is really calm.

She knew that he was the best at checking taxes, and knew that he was already coming to find trouble, yet he still dared to come in front of her.

How audacious!

Of course, it is not enough to have the banker’s dirty data under his control.

After all, these are the president's independent actions and are not the original intention of the Swiss Bank headquarters.

Even if there is a thunderstorm, as long as the senior management of the Swiss bank puts all the blame on this president, at most they will only bear some joint liability in the end.

It seems that we still need to find a handle that can make the UBS Group headquarters shake its muscles and bones.

Thinking of this, David began to scan the other people in the venue, carefully examining them one by one.

[Name: Nick Conrad. 】

[Occupation: Vice President of UBS Los Angeles Branch. 】

[Income: Legal income of 22000 US dollars, monthly illegal income of 22 US dollars. 】

[Income details: Income from illegal lending...]

【More details:……】

【…】

……

[Name: Gladstone Angus. 】

[Occupation: Head of Risk Department, UBS Los Angeles Branch. 】

[Monthly income: 18000 US dollars. 】

[Income situation...] [...]

……

[Name: Cook Adonis. 】

[Occupation: Account Manager, UBS Los Angeles Branch. 】

[Monthly income: 15000 US dollars. 】

[Income details:...]

【…】

After about ten minutes, David basically scanned all the branch executives present. In addition to some managers abusing their power and accepting bribes, he also found out some important information.

Over the years, UBS has pioneered a product called CUUI and a product called CUUO in the United States.

CUUI, the main operation method of this product is to use the differences between domestic investors and foreign investors to achieve profits.

Foreign investors are taxed more heavily on dividends, but they can briefly sell their stocks to relevant banks, evade relevant supervision, and then reacquire them, with the savings shared among all parties.

As for the product CUUO.

It refers to the simultaneous sale and repurchase of stocks on the day when dividends are distributed.

Because the transaction time is very short, the tax agency cannot determine who owns the ownership of the stock. Therefore, both the buyer and seller can get a capital gains tax refund.

On the surface, these two products use legal tax avoidance methods to make profits for customers.

Because the IRS cannot determine the foreign investor or the party with the ownership of the stock, it naturally does not constitute tax evasion.

But if it can be confirmed.

Among them, Swiss banks use these two major products to attract customer deposits and make profits, and customers use the bank's products in order to obtain benefits and evade relevant tax collection. If we then apply the profit regulations of the current black tax bill, we can define For the scope of tax evasion...

This is worth doing!
"Director David?"

Seeing David summoning them over, while he remained silent for a long time, Ochoa lost his composure.

David also came to his senses when he heard the reminder. He immediately waved to Bucky behind him, and Bucky also leaned his ear over knowingly.
"If you like this, go check out Swiss Bank branches in other cities about..."

David whispered about the two major banking products CUUI and CUUO.

He wanted to see whether these two products were being implemented by UBS's Los Angeles branch or at UBS branches across the country.

If it is implemented in branches all over the country...then he will have a lot of room for maneuver!
"President Ochoa, thank you very much for taking the time out of your busy schedule to come and cooperate with the investigation..."

While Bucky was away investigating, David started chatting with bank executives.

However, this gradually puzzled the bank executives present.

Director David came here in a big way just to chat with us?

But they didn't wonder for long.

When Bucky, who had returned twenty minutes later, walked in, the situation began to change suddenly!
"Director, I have checked. These two products are indeed the tone set by the UBS Group headquarters. They are currently used by all their branches in our country to attract customers to make deposits!"

Hearing this, David showed a satisfied smile, then he stood up, looked at Ochoa and said: "I'm sorry, President Ochoa, I am now suspecting you and your branch of tax evasion. Please come with us." trip!"

Ochoa's expression changed drastically, and he immediately asked: "Wait a minute, Director David...why are we suspected of tax evasion?"

It is said that his family knows his own affairs, and he knows better than anyone else that he made profits by lending money illegally. Could it be that he has been caught?
Thinking of this, he began to panic inside.

David said expressionlessly: "Don't worry, our IRS will never wrong anyone, come with us!"

"You... okay, we can go with you, but if something goes wrong, you, the IRS, must take responsibility."

Having said that, Ochoa could only compromise.

"It's natural."

……

Outside the branch entrance, a large number of reporters were still stationed in order to grasp first-hand news at any time, but the next second, something shocking happened to them.

I saw all the senior executives of the bank being led out like prisoners.

"What...what is going on?"

"Can it be said that Director David arrested these bank executives on suspicion of tax evasion? This is impossible!"

"Looking at this posture, it's really possible!"

"I don't think Director David will arrest these senior executives for reasons like tips or coupons like before, right?"

Although I was shocked by this scene.

But both the media reporters at the scene and the online viewers believed that David was deliberately trying to punish the Swiss bank as revenge for not cooperating.

I didn't realize that UBS's two products, CUUI and CUUO, involved tax evasion.

Washington, D.C., Bureau of Internal Revenue.

In the office, Obadiah and Donald looked a little calm as they watched on the big screen, the Los Angeles Internal Revenue Service officers taking away a group of Swiss bank executives.

As I said before, Swiss banks are not domestic banks.

You actually took away so many high-level officials in front of so many people in the media. This is a clear plan to punish them, and they will definitely protest severely.

This may also trigger diplomatic relations between the two countries, and the IRS will be under great pressure by then.

"Deputy Director Donald, you have a phone number. It's Director David calling."

Just when the atmosphere in the office was a bit solid, Donald's secretary opened the door and walked in.

"Give me!"

Donald took the phone and said, "Hello."

"Deputy Director Donald, I'm David. You must have heard about what's going on here in Los Angeles. I have one more request."

David said on the other end of the phone.

"What request?"

"Please give an order from the General Administration to have the Internal Revenue Service in major cities take action to seal down all branches of Swiss banks and escort all senior executives back for investigation!"

"what!"

As soon as David said this, let alone Donald, Obadiah, who had heard about it, couldn't help but twitch the corners of his mouth.

It's not enough for you to close down the UBS branch in Los Angeles, but you also order the closure of all UBS branches across the country?
That Swiss bank must not explode!
But this is still the most serious.

You know, Swiss banks are one of the most important pillar industries in Switzerland!

The United States is Swiss Bank's largest overseas market.

If this was seized, the loss in just one day would be incalculable, not to mention a month and a half.

It would be strange if the Swiss government didn't immediately jump out to protest.

By then, the White House will be under tremendous pressure, not to mention the IRS.

"David, what are you doing? This won't work. Swiss banks are the lifeline industry in Switzerland. Doing this will cause a rupture between the two countries and trigger an international uproar!"

Before Donald could respond, Obadiah shouted into the phone. .

However, David was not timid at all and replied: "Director, of course I know that this will cause diplomatic conflicts between the two countries, but if they are really suspected of tax evasion, then they must abide by our laws, right?"

"It's useless. The evidence you found is not convincing enough."

What banks are best at is doing accounting, and it is also the world's leading bank, Swiss Bank.

Therefore, in terms of taxation, there will definitely not be any big loopholes.

Therefore, Obadiah and Donald both felt that David probably just wanted to find some reason for bank management corruption and bribery, or some tip coupons to punish them.

But from the standpoint of both countries, the Swiss authorities will never be convinced by closing all Swiss bank branches across the country based on these alone!
"Director, please listen to me first. After my investigation, I found that two products in the current Swiss bank involve some problems..."

David was not in a hurry. He explained the quirks of UBS's two products, CUUI and CUUO, one by one.

After listening, Obadiah and Donald's expressions slowed down a bit, and the latter asked: "According to you, Swiss Bank attracts many of our depositors to deposit money with these two major products, but two of them All the profits earned by each other are not shared by our IRS?”

"Yes."

"Are you sure? Don't make any mistake."

"I'm sure, otherwise how could I dare to take people away in such a big way."

(End of this chapter)