American Tax Officer

Chapter 706: Chapter 354: Implementing the Bill
 

Seeing that David had sincerely apologized and even offered to compensate for all the hotel’s damages, the media present naturally couldn’t find any fault with that.

Thus, the assassination and miraculous recovery act came to a close, and in the following time, the media began to ask another question that drew considerable interest.

That was, “When exactly would the tax audit action against Wall Street begin?”

To this question, David didn’t provide a definitive date, only mentioning that relevant work was underway and specifics would be announced in due time.

“Alright, everyone, I’ve explained everything that needs explaining. I’ve got a lot of work to do, so let’s end this press conference here!”

After dropping that comment, David Obadiah and other senior officials from the Internal Revenue Service left the scene.

However, on the way upstairs, David approached Obadiah and Donald, expressing his desire to speak with them.

Subsequently, the trio made their way to the director’s office.

“Director Obadiah, Deputy Director Donald, the Freemasonry, Ansa Group, and the Illuminati all dealt me a lethal blow this time. I cannot let this vendetta go unavenged.”

Upon entering, David unreservedly displayed his determination to seek revenge for the assassination attempt.

“Of course, but what do you have in mind?” The Internal Revenue Service had been greatly shaken by David’s assassination, and both Obadiah and Donald naturally wanted vengeance too.

“Director Obadiah, Deputy Director Donald, as you know, many companies in America, both large and small, avoid taxes by setting up accounts in tax havens like the Cayman Islands, British Virgin Islands… What do you think of introducing legislation like the Black Tax, to restrict their tax avoidance methods?”

Why do behemoth companies like Apple and Google Oracle pay so little in taxes each year?

The main reason is that these companies are registered in tax havens like the Cayman Islands and the British Virgin Islands.

If such a bill restricting offshore tax avoidance were enacted, these companies would no longer benefit from substantial legal tax evasion.

For the Illuminati, Freemasonry, and Ansa Group, such a move would be devastating.

Moreover, this could also generate an unimaginable amount of tax revenue for the Internal Revenue Service, marking a major political achievement for David. It seemed like a plan with dual benefits!

Upon hearing this, a look of surprise crossed both their faces.

But soon, Obadiah shook his head with a sense of helplessness and replied, “We’ve thought about this idea before, but drafting legislation is no simple matter. It took all the effort of our main bureau to get the Black Tax bill passed, which only targeted criminals. But the bill you’re talking about now would affect nearly all of America’s capitalists, a task as difficult as reaching the heavens.”

In all fairness, it was an excellent idea; otherwise, the Internal Revenue Service wouldn’t have considered it before.

If such a tax law really could be implemented.

Companies like Amazon, Google, and Apple would no longer be able to use foreign tax havens like the Cayman Islands to evade taxes.

The additional taxes collected each year could very well increase by trillions.

However, such a bill would impact the interests of all American capitalists, who would undoubtedly fight it tooth and nail.

Moreover, even if one wanted to introduce such a bill, after drafting it successfully, at least 216 House representatives and 51 senators would need to approve it for passage.

And even if the Senate and House of Representatives agreed, it would still require the President’s signature.

If the President vetoed it, then two-thirds of the legislators in both chambers would need to agree in order for the bill to pass.

All in all, at this moment, it indeed seemed like a difficult feat.

“Director Obadiah, Deputy Director Donald, they say where there’s a will, there’s a way. I believe that with extra effort, nothing is impossible.”

Pushing a bill was indeed difficult, but David, now in possession of a blacklist of politicians from Lolita Island and aided by his extra abilities, had the confidence that he could do it.

It was just a matter of putting in more effort.

Should this endeavor succeed, it would not only bleed the Freemasonry, Ansa Group, and the Illuminati, fulfilling his personal revenge but also bring a record-breaking tax revenue to the Internal Revenue Service. It seemed worth any cost.

The two exchanged glances and then looked at David with a profound gaze.

After a long pause, Obadiah finally spoke, “If you’re so confident, then I approve your pursuit of this matter. Nonetheless, given its immense importance, you need to report the specifics to me at all times.”

“Understood.”

In the time that followed, the three of them discussed in detail their strategy against the formidable forces of the Freemasonry, Ansa Group, and the Illuminati.

It wasn’t until one o’clock that David returned to his tax inspection department.

“Oh my gosh, thank the heavens you’re okay, Chief Inspector.”

“Chief Inspector, when we heard about your misfortune, the entire department felt like the sky had fallen, but thankfully you’re back safe and sound.”

“God bless…”

“…”

Today, upon arriving at the main office, David’s first task was to meet with Obadiah and others. Afterwards, he kept busy with the press conference and had not been able to return to his department until now.