United states tax collector
Chapter 298 Selling oneself to the IRS
As the documents and information continued to come into his eyes, David's eyes gradually changed from dull to sharp. Then he looked directly at Zhao Changpeng and asked: "Mr. Zhao, are you sure that the statistics of your tax documents Is the amount calculated correctly?”
It's not that the amount above is less, on the contrary, he feels it's a bit beyond expectations.
Binance's market value is currently close to 400 billion, and according to the data in this document, the amount of illegal transactions involved and some taxes that need to be paid add up to as much as 15 billion.
From the Illuminati people, he only calculated the tax amount of 20 billion.
You must know that the market value of Bitcoin is more than twice that of Binance, but now when comparing the tax amounts between the two, the difference is only a quarter, which is not considered normal.
This is either because Zhao Changpeng's statistics were wrong, or he himself voluntarily paid more.
But having said that, businessmen are all profit-seeking by nature. Even if they have no choice, they will still be eager to pay less tax. Why should they pay more?
Just when he was a little puzzled, Zhao Changpeng sneered and said: "It's not wrong, because when we made statistics, we discarded many legal tax avoidance regulations. In addition, Director David said that voluntary declaration will get 3 tax exemptions." We do not calculate the percentage discount, but calculate it based on the amount of tax that needs to be paid.”
"Oh? Why is this, Mr. Zhao?"
David finally understood why Binance counted more than 15 billion, but at the same time he was even more confused and didn't understand why the other party was such a money-giving boy.
"I think since we are a part of the United States and this money is earned on this land, we should take it from the people, use it for the people, pay more money and make more contributions to this society!"
Seeing Zhao Changpeng's righteous look, David couldn't help but wonder in his heart, is this guy really so enlightened?
But he soon dismissed the idea.
If a person who could reach the position of the richest man in China in just a few years really had such awareness of social responsibility, he would have shown it long ago. Why would he need to be named to do this?
Then there is only one possibility, this Zhao Changpeng may want something from him!
Thinking of this, David also said directly: "Mr. Zhao, it is rare that you have such a heart and are very cooperative with our IRS. If there is any need for help, we will not mind within the scope of our authority."
Zhao Changpeng was overjoyed. He was still thinking about how to speak, but he didn't expect that David took the initiative to speak out first. Then he said: "To tell you the truth, Director David, we at Binance... really have something to think about." Let you help me.”
David thought to himself, 'Sure enough,' and then said lightly: "Tell me about it."
Zhao Changpeng and Lin Huaide looked at each other, and then said with a little uneasiness: "To be honest, the Ministry of Justice is investigating us recently, and we are under great pressure, so..."
"etc……"
Before the other party could finish speaking, David interrupted: "Mr. Zhao, the help I just mentioned is within the scope of my authority. Since it involves the Ministry of Justice's investigation of you, then I have no right to interfere. Very soon. Feel sorry!"
Taxes are collected, but he definitely has no interest in getting involved in matters involving the responsibilities of other departments.
Zhao Changpeng became anxious and said quickly: "Director David, the Ministry of Justice is coming aggressively this time, and it is clear that it wants to destroy us. Once our Binance collapses, your IRS will never collect taxes from us again. But at least it will be greatly reduced, which will be a loss for you! "
"Loss is a loss, but this is a matter of the Ministry of Justice after all. Our IRS has no reason to intervene. I hope Mr. Zhao can understand..."
Seeing that David still refused, Zhao Changpeng's face was full of frustration. After looking at Lin Huaide and confirming some of his good friend's thoughts, he seemed to have made a decision and gritted his teeth and said: " Director David, I think you, the IRS, need me!”
David raised his eyes and asked, "How do you say that?"
"I dare to assert that although you got rid of Satoshi Nakamoto and received 20 billion US dollars, this is definitely not an accurate number, it is just a rough number. Am I right, Director David?"
"Yes, so what?"
The Bitcoin market is so large and involves various encryption technologies that it is naturally impossible for the IRS to completely calculate an accurate number.
The final calculated figure of 20 billion was only the result of David's examination of the Illuminati and the analysis of the Intelligence Department.
As for whether there are any omissions?
The answer is yes.
But because he had reached his general psychological expectations, he was too lazy to continue investigating.
Not only will this consume a lot of his energy, but if he has this time, he might as well take the time to deal with currencies like Binance and Ethereum, which will be more valuable.
“Judging from the current environment, the potential value of cryptocurrency has not been fully tapped. It will definitely continue to rise in the future, and by then, each company’s market value revenue will also surge, but will they be cunning in terms of taxation? It’s hard to say, but do you, the IRS, and Director David have the energy to keep an eye on the cryptocurrency industry?”
"So what exactly are you trying to say?"
“What I want to say is that as Binance is the world’s largest cryptocurrency trading platform, all cryptocurrency transactions will be conducted through us. We can supervise the transactions of currencies such as Bitcoin and Ethereum for you. In this case , No matter what changes the cryptocurrency will have in the future, as long as you, Director David, say a word, detailed data will be provided immediately!”
This was a no-brainer solution that Zhao Changpeng and Lin Huaide came up with after they calmed down last night.
The reason why it is said that there is no solution is because once it is done, it will offend Ethereum, Bitcoin, and other cryptocurrency companies and owners.
However, seeing that David was not willing to help them at all, they could only adopt this transactional approach.
The Ministry of Justice is now very tight on them. If there is no external force to intervene, then it will be easy for him to lose control of the company. At worst, he may have to be imprisoned.
Choosing to be a bully for the IRS will arouse the anger of major cryptocurrency companies, but at least it can save a life.
After weighing the pros and cons, they had no choice but to make this choice.
David did show some interest when he heard this.
The cryptocurrency market is so hot now, and he is actually quite optimistic about it.
And if the value of currencies such as Bitcoin and Ethereum continues to rise, it will indeed bring more benefits to the IRS.
But having said that, asking for 20 billion from the Illuminati now is like killing them. If Bitcoin reaches a higher level in the future, will these people honestly pay the IRS tax at the price?
David felt that it was definitely not possible, and if he was asked to investigate one by one, it would indeed be too energy-consuming.
As Zhao Changpeng said now, their Binance, as the world's largest cryptocurrency trading platform, would be much easier if they were responsible for supervising the IRS.
“You say you can regulate the cryptocurrency community for our IRS, so how can I trust you?”
Platforms such as Bitcoin and Ethereum may give him false data in the future, but Binance may not be able to do so. David does not want to be treated as a cheat.
"It's simple, because we have no support in the United States. Otherwise, the Department of Justice wouldn't mess with us!"
The underlying meaning of Zhao Changpeng's words is actually telling David, if you protect me, you will be my support in the future.
And I left you, or whatever, and the Department of Justice was going to keep messing with me.
So how dare I backstab you?
David naturally understood. He nodded slightly and asked: "I have a question, why did the Ministry of Justice want to deal with you, and for what reason?"
This matter has not yet been made public by the media, so he doesn't quite understand the situation.
"There is a saying in China, 'Those who are not of our race will have different hearts.' It is the same here in the United States!"
At this point, Zhao Changpeng's eyes showed a trace of anger, and then he tried to calm down and said: "As for the reason, it is even more ridiculous. It is nothing more than money laundering!"
"Director David, none of the cryptocurrency companies dare to say that they are not involved in money laundering. However, money laundering is the behavior of the users themselves. We only provide currencies and platforms. If the Ministry of Justice insists on using this reason to deal with us, there is nothing we can do. , but they don’t mess with others, they only mess with us, this is definitely targeted!”
Lin Huaide on the side also added angrily.
David held his chin with one hand and thought for a while, then picked up the phone on the table: "Come to my office."
Soon, Keppel pushed open the door and walked in.
"Take the two gentlemen to the lounge for a cup of coffee first."
Although they were a little anxious to get a reply, Zhao Changpeng and Lin Huaide still stood up and followed Keppel to the office on the same floor.
As soon as he entered here, Zhao Changpeng said impatiently: "Huaide, do you think he will agree to the conditions we have given?"
"Don't worry Chang Peng. I have already seen it. He is obviously interested. But after all, this is a matter involving the Ministry of Justice. I think he should also ask their senior officials for instructions."
"Well, I hope their senior management will agree."
"Don't worry, the benefits of cryptocurrency are so great. Only with our help, the IRS will gain more benefits in the future, so their senior officials will most likely agree."
"I hope so..."
The two guessed correctly. David was talking to Donald at this time because it involved the Ministry of Justice. If he wanted to intervene, he would have to memorize some books from the General Administration.
Otherwise, if someone finds out about this in the future, they may attack him in the name of exceeding his authority.
"If Binance regulates all cryptocurrencies for us... this will indeed allow us to obtain detailed data at any time, but this matter also involves the Ministry of Justice..."
It can be heard that Donald is a little tempted by Binance’s proposal.
Because he also knows very well that the cryptocurrency industry is changing every day. If Binance acts as a 'monitor' for them, then they can indeed keep track of all transactions in this industry at any time, and will not let the major cryptocurrencies There are opportunities for companies to evade taxes.
"So David, what do you think?"
"If Changpeng Zhao loses control of Binance, then Binance will definitely fall into the hands of other cryptocurrency companies, or be divided up. And by then, if these guys collude to fool us, we will still It’s really hard to check, and even if you want to check, it will take a lot of effort.”
It can be heard from Zhao Changpeng's words that the Ministry of Justice targeted one of their cryptocurrency companies, and obviously the other companies are their own.
What David is worried about is that once Zhao Changpeng is out, if those cryptocurrency companies are ventilated, the taxes paid to the IRS will be shortchanged in the future, which will definitely be very troublesome.
"Then you mean, you have to help him?"
“I think it’s better for us to have him oversee cryptocurrencies for us.”
There was silence on the phone for about a minute, and then a voice came: "Are you sure you can handle the Ministry of Justice?"
"I'm quite sure."
People in the Ministry of Justice are also human beings, and they have handles, so David is naturally confident.
"In that case, just do whatever you have to do. I will communicate with the director about this matter."
"Okay, goodbye Deputy Director Donald."
After hanging up the phone, David immediately asked Keppel to inform Zhao Changpeng and Lin Huaide to come over.
After the two pushed open the door and entered, their nerves were tense to the extreme, fearing that David would reject them again, but fortunately, David's next words enveloped them in great joy.
"Tell me who the Justice Department is investigating you."
Zhao Changpeng suppressed the ecstasy in his heart and said: "They sent an investigation team, headed by a special prosecutor named Morfield, who is currently in Seattle."
David thought carefully in his mind, and there was no information about this person, and then replied: "In this way, after you go back..."
Ten minutes later, Zhao Changpeng and Lin Huaide walked out of the office door. They looked at each other, both showing relief and wry smiles.
The good news is that they don’t have to worry about being sent to jail or having control of Binance taken away. As for the bitter smile, starting from today, they are selling themselves to the IRS.
…
…
PS: Many brothers said that they don’t want David to help Zhao Changpeng, but after thinking about it carefully, I think it’s really hard to help if the plot requires it. This is a deal where both parties get what they need. It can’t be considered poison, right?
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