American Tax Officer-Chapter 827 - 414: The Periodic Taxation of the Bill is Released_2
Chapter 827: Chapter 414: The Periodic Taxation of the Bill is Released_2
God and Charlie, as promised, supplemented and echoed Beisemai’s remarks immediately after he spoke.
Upon hearing this, David leaned slightly back, his fingertips incessantly tapping on the desktop as his gaze fell on the gathered individuals.
At this moment, the most tense were not the representatives of the various Tuge state families, but Donald and his daughter.
When they had agreed to join this camp, they had variously hinted that they would plan to nationalize the Federal Reserve after reclaiming the White House.
Yet what he had not anticipated was how things had evolved to this point, especially after the passage of the bill, coupled with the influx of international capital into the stock market; all these developments had somewhat exceeded their expectations.
Global capital was clearly seeing David suppressing Freemasonry and wanted to get involved for revenge and to claim a share of the spoils.
If David were to make a move against the Federal Reserve at this time, then these global capitalists would definitely not just stand by; they would inevitably join in to pummel the wounded.
Besides, there were still nearly two years until the 2024 election.
If David changed his mind and wanted to accelerate this matter, it would be quite unpleasant for them.
Nationalizing the Federal Reserve was something even Kennedy couldn’t achieve.
If successful, it would be a feat worthy of being recorded in the annals of history, celebrated by the people. How could he bear to see such a great achievement fall on the head of the current Payden?
Amidst everyone’s thoughts, David, who had been immersed for a while, finally spoke up, “The Federal Reserve matter is still premature at this point. What I can tell you now is that we do have some ideas, but the specific details will be communicated to you when the time is ripe!”
Hearing this, Donald and his daughter instantly relaxed.
It seemed that David had not changed his initial thoughts and still planned to take a long-term approach to this matter.
And since David did not intend to act against the Federal Reserve now, it also meant that their ideas still had a chance. That was good news!
On their part, the representatives of the major families caught each other’s eyes.
Overall, David’s answer made them feel both disappointed and somewhat relieved.
The disappointment was because not moving against the Federal Reserve now meant their vision of getting a piece of the action was also dashed for the time being.
The relief stemmed from not having to wage a war against the Federal Reserve immediately, which also allowed them to properly take their time with this matter.
After a moment of silence in the room, Beisemai seemed to remember something and reminded, “Inspector David, the Federal Reserve is the foundation of the nation. Tampering with it could trigger an unprecedented financial tsunami. If we must act, we must be cautious!”
“Beisemai is right. The Federal Reserve not only controls our country’s economic lifeline, but since the US Dollar serves as the world’s financial currency, it can also be said to control the world’s financial lifeline. We need a solid plan….”
“…”
Following Beisemai, Goda and Charlie also continued to remind him with their own words.
Everyone was in the same boat now, and they did not want to risk capsizing in the gutter over the Federal Reserve matter.
“I understand. There’s no need to discuss this further at the moment. When the time comes to discuss it, I will let you know the specific details!”
“Alright, let’s not stray off-topic. The Big Three Groups have already ceased their actions in the stock market today, which is worth celebrating for all of us. Let’s not continue with business talk tonight, cheers!”
Seeing that David had no intention of elaborating further on the matter, everyone tactfully did not continue to press and switched to a more convivial atmosphere of toasting and celebration.
After three rounds of drinks.
The time had also passed 11 PM.
“Alright, gentlemen, that will be all for today. I have many matters to attend to tomorrow, so let’s call it a night, and see you next time!”
David stood up, greeted everyone, and then took his leave.
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And so, today’s meeting, which had the air of a victory celebration, was officially concluded.
In the following days, with the stock market no longer under significant pressure, David was able to fully focus on investigating the matters of the foundation.
And David had long since mastered the confidential data of these foundations. After his investigation team had settled in and compared the findings, it further corroborated the involvement of these major foundations in tax evasion.
It was February 9th.
The Internal Revenue Service formally issued a notice, confirming that the JP, WK, and AQM foundations were suspected of tax evasion among other crimes, and would freeze all assets of these foundations.
The news caused the stock prices of other foundations to plummet instantly, and countless managers, afraid of being implicated, resigned and fled overnight, plunging Wall Street into significant turmoil.
Manhattan Branch.
“Chief Inspector David, as per your instructions, we have frozen the funds of The Big Three Groups, and we are also investigating other foundations,” Nehem reported on the foundation affairs in the office.
After listening, David nodded slightly and replied, “Very good. Tomorrow, when the out-of-state tax evasion legislation’s biweekly report comes out, I need to visit the headquarters. I’ll leave matters here in your hands.”
“Don’t worry, Chief Inspector David, leave these tasks to us at the Manhattan Branch.”
“Okay.”
The next day, David took a connecting flight back to Washington D.C.
After returning to headquarters, he first visited high-ranking officials like Obadiah and Donald, then followed them to the Tax Economic Office.
Their reason for being there was straightforward.
It was to use the national tax revenue system here to see just how much tax revenue the out-of-state tax evasion legislation had generated in this half-month period.
“How is it, Candona, have you got the tally?”
“Hmm… Let me see…”
Candona, the head of the office, frowned after carefully reviewing the freshly-produced report and said, “According to the legislation, it has generated a tax revenue of 236.95 billion US dollars?”
“What? Why so little?”
Hearing this figure, whether it was Obadiah, Donald, or even David himself, were all in disbelief.
Because this amount was far too small.
How small exactly?
Well, it wasn’t even a quarter of their expectations!
“Candona, this total tax revenue is not right. The out-of-state tax evasion legislation could not have possibly generated such a meager amount. Is there an error in your department’s calculations?” David outright challenged.
236.95 billion might seem like a lot, but remember, this wasn’t just about taxes from Silicon Valley or a single part of Wall Street; this was about taxes from the entire United States!
It’s well-known that in the U.S., the registration locations of these internet giants in Silicon Valley are almost always in offshore tax havens.
But apart from Silicon Valley, many small and medium-sized businesses across the country, in order to reduce their tax liabilities, also choose to register in offshore tax havens.
In other words,
The out-of-state tax evasion legislation targeted all companies registered in tax havens across the entire United States.
By that logic, even a rough calculation by toes would tell you the amount couldn’t possibly be just over 200 billion US dollars.
“Yes, this law certainly couldn’t have brought in just this much in taxes. Here’s what we’ll do, Chief Inspector David, you wait here; I’ll call Rayleigh and have him explain the situation properly,” Candona was equally puzzled.
Logically, after the out-of-state tax evasion legislation passed, this first half-month should have seen the highest tax revenue. They had conservatively estimated at least between 900 billion to over a trillion, so how could it possibly be only over 200 billion?
