american tax collector

Chapter 417 Bill for Cycle Taxes Out

"That's right. When Inspector General David comes, I think you should take the lead in this matter!"

"Agree."

"I agree……"

Charlie's words were agreed by the representatives of other major families.

"No, no, no... Charlie, your family has more say in the financial sector. I think it would be safest for you to speak up on this matter."

Besemai waved his hands repeatedly.

He is not a fool. Judging from David's character, it is very likely that he will mess with the Federal Reserve.

And if he brought up this matter now, what if he made David unhappy?
He didn't want to do anything that might bring bad luck.

"Besemai, you were the one who brought up this matter, so you should be the one taking the lead in speaking out, right?"

Of course Charlie refused to do it and quickly made another excuse.

Just like that, the representatives of the major families began to argue, but after a long time they still couldn't come to a conclusion.

Finally, helpless Besemai looked at Sean who had remained silent and asked, "Mr. Sean, don't you want to express your opinion on this matter?"

"There's nothing to say. No matter what Inspector General David wants to do, we, the Kennidy family, will support and follow him to the end!"

Sean said firmly.

The representatives of the major families who heard this were speechless for a moment.

But if you think about it carefully, Sean has his reasons for being so determined.

After all, the Kennidi family is very different from families like theirs.

Strictly speaking, these families have no personal grudges with the three major groups, and there was even some cooperation in the past.

The Kennidi family is different.

Not only did their own presidential ancestor have his head shot, but over the years, the Freemasonry group has almost adopted an annihilation approach towards the Kenniti family.

Now that we have finally got David's support, it would be strange if we don't destroy the Freemasons!

"How about this, since it was you, Mr. Besmer, who brought up the matter, then you should take the lead and Charlie and I will provide supplementary information. This is the most fair way, how do you think?"

Gotha proposed a compromise.

After hearing this, Besemai still felt a little uncomfortable, but when he thought of the huge benefits that the Federal Reserve could bring, he finally felt that he should try this request, and then nodded and said, "Okay, then it's decided!"

……

About ten minutes later, David finally arrived at the scene. He said, "I'm sorry, everyone. I have something else that delayed me a little bit..."

"It's alright, Inspector David, we're having a great chat!"

Thompson quickly came out to smooth things over.

"Okay, let's get started!"

As David sat down, everyone else sat down as well.

"During this period of time, you have made great contributions to the tax avoidance law. And now with the stock market, thanks to your help, we have withstood the pressure. Here, on behalf of our IRS, I would like to express my highest respect to you!"

David was the first to raise his glass, and the others followed suit.

With a shout of "shred", everyone drank the champagne in their glasses.

"Next, I want to talk about the situation of the stock market. In the past few days, you have acquired a lot of shares of major giants. I believe that as time goes by, you will eventually gain control of these giant companies."

"Of course, I'm not saying this to ask you to hand over the control of these companies or let you know how to manage them. I just want to tell you that there is an old Chinese saying, 'take from the people and give back to the people.' I don't want you to become a profit-seeking capital group like the Freemasons in the future..."

David spoke the words slowly and methodically.

After hearing these words, the small thoughts that the major families present had originally had were suppressed a lot.

"Okay, that's all I have to say. Do you have anything else to add?"

After speaking for about twenty minutes, David had said almost everything he needed to say, so he stopped talking and looked at everyone.

"Um... Inspector General David, the stock market situation is basically settled now. What we want to know is... whether there will be any major moves next... and where we can be of use?"

In the end, Besemai did not dare to ask directly about the Federal Reserve, but asked in an indirect tone.

"Although the stock market seems to have stabilized, we need some time to observe and see if they will make a comeback. In addition, in the next period of time, we have to focus on the midterm elections!"

"Is this so..."

"Mr. Besemai, we have fought side by side until today, and we can all be considered as one family. Please ask anything you want to ask."

David saw that the other party was hesitant to speak, so he spoke directly.

"Inspector General David, some media and economic experts are speculating that our tax avoidance law has been passed, and you and the IRS are planning to make some plans for... for the Federal Reserve. We want to know if this is true?"

After Besemai gritted his teeth and said this, he looked at David very nervously.

"Inspector General David, the Federal Reserve's affairs are of great importance, and we all want to know the bottom line before we can help you."

"Inspector General David, we are all family members. We just want to know some of your ideas in advance so that we can make some arrangements..."

Gotha and Charlie did not break their promise. They immediately supplemented and echoed Besmer's speech.

Hearing this, David leaned back slightly, tapping the table with his fingertips, his eyes fixed on everyone.

At this moment, the most nervous people were not the representatives of the Turkish families, but Thompson and his daughter.

When they agreed to join this camp, they hinted in various ways that they would plan to nationalize the Federal Reserve after they returned to the White House.

But what he could not have imagined was that the way things had developed to this point, especially after the bill was passed, coupled with the influx of capital from various countries into the stock market, all these things were somewhat beyond their expectations.

Now global capital has obviously seen David suppressing the Freemasons, and they all want to get involved to retaliate and get a piece of the pie.

If David were to take the initiative against the Federal Reserve at this time, these global capitals would certainly not sit idly by and would inevitably join in to give the Fed a beating.

Besides, there are still nearly two years until the 24 election. If David changes his mind and wants to speed up the process, it will be very difficult for them.

Nationalizing the Federal Reserve is something even Ken Nitti can't do.

Once successful, it would be something worthy of being recorded in history and praised by the people. How could he be willing to see such a great achievement fall on Paiden's head now?
David, who had been immersed in the thoughts of all parties for a while, finally spoke up: "It's too early to make a decision about the Federal Reserve. What I can tell you now is that we do have some ideas, but I will communicate with you about the specific details when the time is right!"

Hearing this, Thompson and his daughter felt relaxed instantly.

It seems that David has not changed his mind and still intends to take a long-term view on this matter.

And since David does not intend to take action against the Federal Reserve now, it means that their idea still has a chance, which is a good thing!
On this side, representatives from the major families looked at each other.

Overall, David's answer made them feel disappointed but also a little relieved.

The sad thing is that if they don't take action against the Federal Reserve now, it means that their vision of getting a piece of the pie will be dashed for the time being.

Another reason why they feel relieved is that they don't have to go to war with the Federal Reserve right now, which allows them to think about the matter carefully.

The atmosphere in the private room was silent for a while. Besemai remembered something and reminded, "Inspector General David, the Federal Reserve is the foundation of the country. If we touch it, it may trigger an unprecedented financial tsunami. If we must touch it, we must be cautious about this matter!"

"Besemai is right. The Federal Reserve not only controls the economic lifeline of our country, but the U.S. dollar is also the world's financial currency, so it can be said that it controls the financial lifeline of the world. We need a sound plan..."

"..."

After Besemai, people like Gotha and Charlie also gave reminders one after another.

Now we are all in the same boat, and they don't want everyone to end up capsizing in the gutter because of the Federal Reserve's affairs.

"I understand. There is no need to discuss this matter now. When the time comes, I will let you know the specific details!"

"Okay, let's not go off topic. The three major groups have stopped their activities in the stock market today. This is worth celebrating for all of us. We will not continue to discuss business tonight. Cheers!"

Seeing that David was not going to elaborate on this any further, everyone tactfully stopped asking questions and entered into an atmosphere of toasting and chatting.

After three rounds of drinking.

By this time, it was already past 11 o'clock.

"Okay everyone, that's all for today. I have a lot of official business to deal with tomorrow. That's all for now. See you next time!"

David stood up, greeted everyone, and then left.

Today's meeting, which was meant to be a celebratory banquet, has officially ended.

In the remaining days, since there was no longer much pressure on the stock market, David was able to focus on investigating the foundation's affairs.

David had already gained access to the internal confidential data of these foundations. After the investigation team he sent out to investigate and compare the data, it was further confirmed that these major foundations were involved in tax evasion.

The time came to December 2th.

The IRS officially issued an announcement, confirming that the three foundations, JP, WK, and AQM, were suspected of multiple crimes including tax evasion, and will freeze all assets of these major foundations.

As soon as the news came out, the share prices of other foundations plummeted instantly. Countless managers who were afraid of being implicated resigned and fled overnight, and the entire Wall Street fell into considerable turmoil.

Manhattan Precinct.

"Inspector General David, according to your instructions, we have frozen the funds of the three major foundations. In addition, investigations into other foundations are also ongoing..."

In the office, Nahum was reporting to David about the work of the foundation.

After listening to these words, David nodded slightly and replied, "Very good. The biweekly report on the tax avoidance law will be released tomorrow. I need to go back to the General Administration. I will leave the matters here to you."

"Don't worry, Inspector General David. Leave these tasks to our Manhattan branch."

"it is good."

The next day, David took a connecting flight back to Washington.

After returning to the General Administration, he first met with Obadiah, Donald and other senior executives, and then followed them to the Taxation and Economics Office.

The reason why they came here was very simple.

That is to use the national tax system here to see how much tax revenue has been generated in this half-month period after the implementation of the cross-regional tax avoidance bill.

"How's it going, Candona, have you figured it out?"

"Hmm... let me see..."

After taking a closer look at the report in his hand, Candona, the head of the General Office, frowned and said, "Since the bill was introduced, the tax revenue generated is 2369.5 billion US dollars?"

"Huh? Why is that all?"

Upon hearing this data, Obadiah, Donald, and even David himself could hardly believe it.

Because the number is really too small.

How little is it?

Let’s just say, it’s less than a quarter of what they expected!

"Candona, this tax total is wrong. The tax avoidance law cannot have created only this much tax. Did your department make a mistake in the calculation?"

David directly stood up and denied it.

2369 billion, this doesn’t sound like a small amount, but you have to know that this is not just a tax on Silicon Valley or Wall Street, it is a tax on the entire America!
Even though they are in the United States, the registered locations of those Internet giants in Silicon Valley are almost all in overseas tax havens.

But apart from Silicon Valley, many small and medium-sized enterprises across the country choose to register in overseas tax havens in order to reduce tax payments.

In other words.

The Foreign Tax Haven Act is a tax on all companies registered in tax havens throughout the United States.

In this case, even if you use your toes to calculate, you will know that the amount cannot be just over 2000 billion US dollars.

"Yes, this bill cannot bring only this much tax revenue. Inspector General David, please wait a moment. I will call Rayleigh over and ask him to explain the situation."

Candona was also somewhat puzzled.

Logically speaking, after the foreign tax avoidance bill was passed, the first half of the month should have been the time when they collected the most tax revenue. At that time, they conservatively estimated that it would be more than 9000 billion to 2000 trillion. How could it be only more than billion? (End of this chapter)

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