American Tax Officer

Chapter 602: Chapter 303: Is There Any Hope in Promoting the Tax Bill?_2
 

This strategy was primarily achieved by establishing a subsidiary in Ireland, which was called “Apple Inc.’s European Headquarters,” though it had a relatively small number of employees, it possessed a vast amount of profit.

Apple Inc. transferred most of the profits from its global sales through this subsidiary, thus reducing its tax burden in America.

Furthermore, Apple Inc. also established special purpose companies in Ireland, transferring profits to tax havens like the Cayman Islands, thereby reducing its tax burden even further.

This strategy took advantage of the differences in tax systems between countries, moving profits to regions with lower tax rates, hence lowering the overall tax obligation.

Besides Apple Inc., as mentioned before, renowned companies such as Gugo, Microsoft, Oracle and others essentially adopted this kind of tax avoidance strategy.

And if a bill could be introduced to restrict these offshore tax avoidance tactics, then these companies would no longer be able to enjoy this method of tax avoidance, and the resulting tax revenue would be astronomically high!

Of course, for David, this was still just an idea in its infancy.

To know that the Black Tax Bill had passed in Congress had already taken an enormous effort from the IRS.

The reason why this bill passed was primarily because it was intended to target criminals, without explicitly infringing on the interests of those influential interest groups, and it was only through compromise among all parties that it was eventually enacted.

And now with the fund tax policy and the offshore tax avoidance bill David was considering, these targeted the core interests of major conglomerates and interest groups directly—it was akin to cutting into their flesh with a knife, and passing them could be described in four words as being as difficult as scaling the heavens!

However, difficult though it may be, if either of these two bills could indeed be promoted, then the rewards would certainly not be comparable to the Black Tax Bill. It could even potentially relieve the current fiscal deficit of America, thus stimulating an economic recovery.

If that really happened, then the prestige he would garner would be enough to support his move into the main office, and perhaps even to support a bid for the highest seat.

Simply put, the risk was high, but so was the potential reward.

But regarding whether or not to proceed, David was not yet ready to make a decision. He still wanted to observe the reactions from various quarters after the passage of the “W” bill, as well as the deployments from the headquarters.

…

Three days after the “W” bill was passed in the House of Congressman, the Senate completed its review work and proceeded to a vote.

The result did not deviate from expectations, as the Senate passed the bill with a considerable majority of 61 to 39 votes.

And once a bill passed both the Senate and House of Representatives, the last step was for the president to sign, after which the bill would officially take effect.

The White House being the main proponent of the bill, naturally signed with the quickest speed upon seeing the bill smoothly pass both houses, then it was announced nationwide.

With that, the affair of the “W” bill came to a conclusion.

July 29th, three o’clock in the afternoon.

David was dealing with matters in his office when his cellphone rang, interrupting him. He picked it up and saw it was Sean calling, and he immediately answered, “Mr. Sean.”

“Director David, the ‘W’ bill has been passed. The people at Ansa Group are very pleased and plan to hold a celebration dinner. They want to invite you to attend,”

Sean’s voice from the phone made David pause, then he asked, “Where will it be held?”

“Washington D.C.,”

David fell silent for a moment. He knew that the headquarters would definitely be aware of his dealings with Ansa Group; they simply turned a blind eye.

But if he were to attend Ansa Group’s celebration banquet, that would be a different matter; it could be something that some of the higher-ups at headquarters might not be pleased with.

After all, David, you are from our country’s Tax Bureau, and now you went to support the celebration banquet held by the Ansa Group, does that mean you might join their camp in the future?

If you do join them, then would you disregard the interests of our Tax Bureau and instead seek more benefits for the Ansa Group?@@novelbin@@

“Director David, I think you should attend because I’ve heard that many high-profile individuals from the Ansa Group will be there, and with the passage of the Aid W Bill, Freemasonry has started to take action. At this time, securing the continued support of the Ansa Group is very important.”

To tell the truth, after some thought, David actually wanted to attend the celebration banquet. It wasn’t just a simple matter of celebrating for the Ansa Group.

First, as Sean said, now that the Aid W Bill had passed and Freemasonry was taking action, securing Ansa Group’s support could indeed prove very useful.

Secondly, if many high-profile individuals from the Ansa Group were going to be there, then this would be a rare opportunity to learn about their secrets.

Once at the banquet, if he could use external means to scrutinize them and obtain some core secrets of the group, he might later have the chance to hold sway over the group.

“What do you think, Director David?”

“Let’s do this, Mr. Sean. Give me some time to think it over and I’ll get back to you.”

“Alright.”

After hanging up the phone, David immediately called Deputy Director Donald and shared his thoughts about attending the banquet.

After listening to the whole conversation, Donald replied, “If you attend this banquet, you might indeed upset people like Welton Heng and Rohan, but since you’ve said that learning more about the Ansa Group could help us in the future, then it’s indeed worth going… How about this, the tax investigation in the Cryptocurrency field is already completed, so come to headquarters tomorrow to give a work summary. Also, let’s talk about the future direction of taxation.”

If David were to go to Washington D.C. specifically for this celebration banquet, it would certainly displease the high-level people like Welton Heng and Rohan.

However, if David were to come to Washington D.C. to report on work, and then take the opportunity to attend the banquet, then the resistance would be much less.

David naturally understood Donald’s meaning and immediately replied, “Okay, Deputy Director Donald, I will prepare the relevant documents and materials and report to you and the directors in Washington D.C. tomorrow.”

“OK, see you tomorrow.”

After ending the call with Donald, David immediately returned Sean’s call, and Sean, hearing that David had agreed to come, was very happy and even expressed that he would introduce David to many high-profile individuals of the Ansa Group the following evening.

And so, the time came to the next morning.

David first went to the bureau to arrange some affairs for his trip to Washington D.C., then he, along with Nisen Bakesimmons, arrived at Los Angeles International Airport and boarded the flight to Washington D.C.

After a journey of over five hours, the plane reached the skies above Washington and slowly landed at Dulles International Airport.

Knowing that he was coming, the headquarters had arranged reception staff and vehicles in advance, and their group was smoothly picked up and headed back in the direction of headquarters.

Half an hour later, the vehicle carrying the group stopped at the entrance of the headquarters.

After disembarking and stepping through the entrance, whether it was David or Nisen Bakesimmons, a sense of anticipation and reflection rose in their hearts.

The last time they had come here was several months ago.

At that time, they had just received the notice of being transferred to the Western Suburbs Branch, but when it came to successfully completing the Hollywood tax investigation or when they would enter the headquarters, there wasn’t a clear concept.

Now, as they arrived here again, not only had they successfully carried out the Hollywood tax investigation; they had also accumulated honors from a series of successful tax investigations involving the Sackler family, Swiss Bank, and the Cryptocurrency sector.

It could be said that they were just one step, oh no, perhaps half a step away from entering the headquarters!