United states tax collector

After receiving confirmations and guarantees from David one after another, Donald and Obadiah were already convinced, and at the same time, a surge of anger arose in their hearts.

Your Swiss bank has already made a lot of money in the United States by relying on the banking industry and various derivatives, but now it's so good that you actually dare to deduct my share from the IRS?

This is simply unreasonable!

Have you ever taken the IRS seriously?

"Okay, David, we will follow your request and immediately seal down all branches of Swiss banks in our country and bring back all relevant personnel, but you will need to handle the follow-up work."

Before Donald could speak first, Obadiah spoke first.

"Director, as long as you seal down all their branches and personnel, just leave the rest to me."

…

Los Angeles Internal Revenue Service, David hung up the phone and immediately entered a busy state.

The two products CUUI and CUUO cover a wide range of aspects, and it is necessary to find core personnel to operate them for customers. This can be said to be a huge workload.

At the same time, the order from the Washington General Administration was quickly spread to the IRS branches in various cities across the country.

An unprecedented seizure of Swiss banks began, which once again ignited discussions in major media around the world and among people online.

"Oh, come on, the IRS has not only targeted the Los Angeles branch of UBS, but now it has targeted all branches across the country. It's simply unbelievable!"

"What is going on with the General Administration of Taxation? How dare you cooperate with David to close down all UBS branches across the country, and take away the senior executives of so many regional branches. Aren't you afraid that UBS will launch a diplomatic protest?"

"The IRS is crazy. This is going to completely anger the Swiss Bank. Maybe the presidents of both countries will have to come forward to negotiate!"

Let alone the people of the United States at this moment.

Even people from other countries are in disbelief at the IRS's arrogant behavior.

Let’s not talk about whether Swiss Bank has violated the law. Just shutting down all branches for investigation will not only cause Swiss Bank to face huge losses, but also cause a huge evaporation of the stock price.

It's strange that Switzerland and Swiss Bank are not impatient!

Maybe it will escalate into a diplomatic conflict between the two countries!

In fact, as everyone guessed, at this time in the UBS Group headquarters, the lungs of all the senior executives were about to explode.

"Damn, why, why does the IRS dare to do this!"

"Damn the IRS, damn David, this is naked retaliation for our failure to cooperate in transferring the Sackler family's property. We must make a stern protest and let them know that our Swiss bank is not something that the IRS can take advantage of." !”

"With such a draft of the national tax, our losses will be huge. We not only have to protest to them, but we also have to claim huge compensation from them!"

When they heard that David had closed down the Los Angeles branch and taken away the president and other related personnel, these senior executives were already extremely angry.

Now it's good, not only the Los Angeles branch has been closed down, but all branches in the United States have been closed down. This can be said to be riding on their heads.

Do they really think that their Swiss bank is a domestic company in the United States, and they can't do anything they want to do with it?

Unlike other senior executives who were in a state of anger, Group President Jets did not have any angry gestures at this moment, but his face was constantly turning.

David is not a fool, and the people at the top of the IRS are not fools either.

They should be very clear about the consequences of doing so, but why do they still dare to do it?

There must be some confidence!

Thinking of this, he immediately stood up and looked at Candreva, who was in charge of taxation, and asked in a deep voice: "Candereva, you have already called the branch manager over there and inquired. Is there no problem?"

"Um……"

Now that things have happened, Candreva still dares to give his assurance and becomes hesitant.

Seeing Candreva's expression, Jets frowned for a moment, and immediately asked: "It's already this time, what else is there to hesitate about, and let go of anything!"

"Mr. President, through personal files and other investigations, I found out that our Los Angeles branch president had several illegal lending practices. Is there something wrong here?"

Candreva answered bravely.

He couldn't guarantee whether David's confidence came from this level.

After hearing this, Jets and the other executives' expressions suddenly dropped.

If things like illegal lending were normal, it would not be a big deal at all.

After all, what bank doesn’t have a few such loans?

But now David has made it clear that he wants to punish them. If he must make a fuss from here, then it will more or less be an excuse.

"Wait...it's just illegal lending, and the president is responsible for this matter. In this way, we can ask the lawyer to talk to the president of the bank and let him take over the matter. This way, we will not be in trouble. Silver has a huge impact overall!”

The head of the legal department immediately suggested.

"That's true, I agree with this approach!"

"You're right. Illegal lending is a personal problem of the president. We only bear some secondary responsibility at most. This is not a sufficient reason for the IRS to punish us!"

"Yes, if you make a fuss about this issue or even close down all our branches in the United States, this is obviously making a fuss out of a molehill!"

After being awakened by the person in charge of the legal department, the rest of the high-level brain circuits also turned around in an instant.

"No, I think the reason why David dared to close down our branches across the country must be more than just this. He must also have an important weight. Think carefully about what else went wrong!"

Jets can be the president of UBS Group, and his brains are naturally beyond the reach of ordinary people.

Now it seems that David wants to punish UBS on the grounds of the branch president's illegal lending.

But he knew very well that this could only be done for the Los Angeles branch.

I believe David and the top brass at the IRS are also aware of this.

But if we want to seize branches across the country, the persuasiveness is not enough!

After hearing Jets' words, the other executives seemed to have come back to their senses at this time, and their faces were twisted.

"Mr. Jets, there's a call from the president, asking you to report the situation!"

While everyone was still thinking, a staff member from UBS Group came in to remind them.

"I'm going right now!"

Hearing that it was the president, Jets did not dare to neglect, and quickly stood up and walked out.

An hour later, with countless eyes from around the world focused on it, Swedish officials formally lodged a solemn protest with American officials.

In the protest announcement, the IRS severely criticized the IRS for its unruly enforcement, and even used words such as damaging relations between the two countries.

For a time, the IRS was on the cusp of a huge storm.

White House, in the office of the President's Chief of Staff.

"Mr. Clemont, you also know that it is always difficult for us to intervene in the affairs of the IRS. This matter is really not an order from the White House."

"Mr. Wilder, you, the Chief of Staff to the President, can't you manage the Internal Revenue Service?"

"You can't say that. The status of our US Internal Revenue Service is somewhat special. It cannot be compared with the tax bureaus of other countries. Let's do this, Mr. Clemont. I will ask the director of the Internal Revenue Service to come over right away and have a good talk with him about what this is. Condition!"

"Mr. Wilder, you'd better get our Swiss bank back up and running quickly. Otherwise, if this continues, it may trigger a new round of financial crisis, and the United States will suffer as well."

The person who spoke to White House Chief of Staff Wilder was none other than the current president of Switzerland.

And his words did not scare Wilder. UBS Group currently controls 26% of the world's cross-border assets. Once there is any fluctuation, a series of chain reactions may indeed trigger a financial crisis.

This is why he dared to protest so forcefully in front of Wilder!

After hearing this, Wilder felt a sense of aggrieved in his heart.

The United States is the only superpower in the world today, and as the chief of staff to the president of the United States, he is considered one of the most powerful people on the planet.

Logically speaking, no one would dare to deny him face like this.

But Switzerland is indeed a bit difficult to deal with.

First of all, Switzerland does have too many assets.

As for these assets, America's wealthy people can be said to have contributed the majority.

What country is the United States?

capitalist country.

If he doesn't give face to Switzerland, it means he doesn't give face to the wealthy people who put their money in Swiss banks.

Therefore, this is where the current Swiss president’s confidence lies, and why his dignified White House chief of staff is so frustrated.

"Okay Mr. Clemont, I will settle this matter as soon as possible."

After hanging up the phone, Wilder called his assistant over and asked him to notify Obadiah immediately.

The IRS was not very far from the White House. It was only twenty minutes before Obadiah and Donald arrived in the chief of staff's office.

"Obadiah, Donald, what the hell are you doing? It's okay if David is impulsive. Why are you so reckless and order the closure of all Swiss bank branches?!"

Wilder had been very angry with the Swiss President before, and of course he wanted to vent it on these two people now.

"Mr. Wilder, David is not ignorant, he is protecting the interests of our United States from loss!"

How could Donald tolerate Wilder's accusation against David, so he immediately stood up to defend himself.

"What the hell is protecting our United States from losses? That's a Swiss bank. Do you know what the President of Switzerland called me just now? If things continue to develop, a financial crisis may be triggered. By then, your IRS No matter how much money you have, how much relief and unemployment benefits can you pay?”

Wilder's continued accusations did not change the expressions of Donald Obadiah and Donald Obadiah.

Then Donald replied calmly: "Mr. Wilder, please listen to me first. This is what happened. After the investigation by our Director David..."

A few minutes later, after listening to the details of the two major products CUUI and CUUO, Wilder pondered for a moment, and then asked thoughtfully: "You mean, Swiss banks use these two major products as a way to To attract the deposits of our domestic people and obtain a lot of benefits? "

“Yes, because these two major products took advantage of loopholes in the tax law, the return rate they obtained was much higher than that of many bank products. After Swiss Bank attracted our people’s funds, the returns on investment were even greater. Continuously transporting them back to their home countries is sucking our blood, so I just said that David is saving our interests from losses! "

Hearing Donald explain in detail again, Wilder could no longer utter any words of accusation.

He had always thought that as the only superpower in the world, the United States had always been the only one that could cut the leeks of other countries.

But I didn’t expect that after hearing this, someone would dare to cut their leeks?

This does sound a bit angry.

But after thinking for a while, he asked doubtfully: "Deputy Director Donald, according to what you said, these two major products CUUI and CUUO should be reasonable and legal. How can they be defined as tax evasion?"

"According to what David told us, first of all, the operation method of CUUI's product mainly takes advantage of the tax difference between domestic investors and foreign investors to achieve tax avoidance. Foreign investors are taxed more heavily on dividends, but they can convert their stocks into Sell ​​it to the relevant bank for a short period of time, avoid the relevant taxes, and then reacquire it, and the savings will be shared by all parties.”

"CUUO, as a stock trading strategy product, refers to the simultaneous sale and re-acquisition of stocks on the day when dividends are distributed. Because the transaction time is very short, the tax agency cannot determine who is the owner of the stock. Therefore, Both buyers and sellers can get a capital gains tax refund.”

"It is true that this does not violate the tax law, but it is also a loophole in the tax law. As long as we find out who is the party who can prove the ownership of the stock and some relevant information, based on the profit provisions of the current black tax bill, it can be defined as tax evasion. of"

Donald recounted the details that David had explained to them.

"Is that so, okay then..."

Although he still didn't quite understand, tax issues were not his expertise, and since David said so and the top officials at the IRS thought so, there really wouldn't be too many problems.

Wilder finally relaxed from the previous tension.

"If this is the case, then the behavior of the Swiss Bank has indeed harmed the interests of our United States. Although sealing all their branches is a bit excessive, it is understandable..."

As chief of staff, his job is to assist the president in handling all major government affairs of the country.

And now the whole story is obvious.

David does intend to retaliate against the Swiss Bank, but according to his current statement about the two major products, the Swiss Bank is indeed using these two major products to infringe on their American interests. This is not true. Reason must intervene.

"In this case, then you should quickly send out an announcement about the two major products and suppress public opinion first!"

"This is not okay, Mr. Wilder. According to Director David, if this matter is made public now, then the Swiss Bank will definitely try its best to cover it up and collude with people related to it to confess. Therefore, he believes that it is necessary to grasp Only after collecting relevant personnel and evidence can it be made public!”

Wilder frowned, but after a while, he nodded in agreement and said: "Anyway, let's get it done quickly. The diplomatic pressure on Switzerland is also very high."

"Understood Mr. Wilder."