American Tax Officer

Chapter 597: Chapter 301: A Total of 58.8 Billion Credited
 

Vikram seemed unwilling to accept such a result, he looked around at the people present, and asked, “Is there a better way?”

The high-level Ethereum executives were also staring at each other, but in the end, no one uttered a word.

Seeing this, Vikram could only let out a sigh of resignation and said, “Notify those ‘bosses’, then!”

Behind Ethereum were stakes held by over twenty consortia including Morgan Datong, Chicago Mercantile Exchange Group, BNY Mellon, Thomson Reuters, Microsoft, Intel, Accenture, and others.

After being named by the IRS, they had immediately sought help from these consortia.

However, faced with the IRS, and with Ansa Group exerting its influence to secure the assistance in the W Act funding, these consortia did not dare to rashly get involved, and kicked the decision back to them.

Now, seeing no way out, they could only notify these consortia, and then it would be time to surrender.

While Ethereum was in disarray, at the same time, cryptocurrency companies like USDT were not faring any better, as they too had received documents from the Los Angeles IRS detailing tax compliance issues specific to their companies.

After discussions, these cryptocurrency companies like USDT also found themselves without a good solution, and started preparing to go to the Los Angeles IRS to pay taxes.

Two o’clock in the afternoon, Los Angeles IRS.@@novelbin@@

Although a day had passed since the IRS and the Navy had issued statements denying the carrier incident, the public interest remained high, with a large media presence still stationed there, trying to glean more information.

Just then, the arrival of two BMW 7 series immediately drew the attention of the media personnel.

And seeing that it was Vikram getting out of the cars, an uproar erupted both at the scene and online.

“That’s Ethereum’s CEO Vikram!”

“Ever since Director David named them, Ethereum has been playing ostrich. Looks like they can’t keep it up anymore.”

“On the surface, it seems like the Los Angeles IRS hasn’t made any significant moves lately, and Ethereum likewise appears to be acting as if nothing has happened, but I think something must have happened behind the scenes!”

“…”

Just as many people had said, since Director David, using the revelation of Satoshi Nakamoto’s funds, named various companies, the Los Angeles IRS and companies like Ethereum had fallen into a delicate state of non-interference.

But now, with Vikram’s arrival, everyone suddenly realized that this so-called state of non-interference was just superficial, and behind the scenes, the waters might have been turbulent.

Otherwise, today Ethereum wouldn’t suddenly appear at the Los Angeles IRS without any warning.

On the other hand, after entering the Los Angeles IRS, Vikram was quickly taken to Director David’s office where he forced a smile and extended his right hand saying, “Director David, it’s a pleasure to meet you.”

“Mr. Vikram, I’m also pleased that you’ve come here,” Director David replied, fully aware of the situation, and then he changed the subject, “Oh, by the way, Mr. Vikram, you received the documents we sent to you, right?”

Vikram’s complexion changed slightly, but he quickly pretended as if nothing had happened and replied, “We did receive them. There are indeed significant lapses in our company’s tax affairs. I’ve already ordered the tax department to take care of it, and as for the taxes that need to be paid…”

“That would be 18.16 billion, thank you,” Director David cut in.

Upon hearing this amount, Vikram, who had already braced himself for a substantial loss, was stunned, it took him a good while to regain his composure, and then, red-faced, he asked, “Director David, according to your data, adding up all our taxes comes to just 15.16 billion. How could there suddenly be an extra 3 billion?”

Director David picked up a booklet from the shelf next to him, turned to page 56, and pointed to a clause saying, “Take a good look, Mr. Vikram. According to tax law regulations, the IRS has the authority to impose penalties on non-compliant businesses, and the penalty is calculated as a percentage of the amount due to be paid. For your capital gains tax collection, it would actually be 3.006 billion more, but seeing that you are willing to correct your mistake, I’ve taken the liberty of rounding down the figure for you.”

After hearing this, Vikram nearly couldn’t suppress the urge to spit blood.

If you say I’m willing to correct my mistake, then why still penalize me with an extra 3 billion?

And that’s after rounding down the lesser amount?

It took quite some time for Vikram to recover his composure, the taxes themselves were already painful enough to pay, but to be overcharged by an additional 3 billion, he really couldn’t explain that to the consortia, so he could only argue, “Director David, Ethereum has never said it would not cooperate with the IRS. After you named us, we ordered our tax department to start the review process, which takes time.”

“Takes time?”

Director David looked at him with wise eyes and said, “Mr. Vikram, with the size of your company, it shouldn’t take that many days to check your own taxes, right? Besides, if we at the IRS, as outsiders, can research your company’s situation so clearly in just a few days, you couldn’t possibly be slower than us, could you?”

“This…”

Vikram was at a loss for words.

Indeed, if the IRS, as outsiders, could investigate their company’s situation so clearly, it seemed unlikely that his own company would lag behind.