American tax officials

Chapter 402 of the Act officially came into effect.

"Mr. Spokesperson, can I understand that the President is preparing to sign this bill?"

In the White House press briefing room, a reporter from the Washington Post asked a question.

"As I just mentioned, the President is currently having the Senate prepare a detailed report on the bill. Once the report is submitted, the President will make the right decision!"

"Speaker..."

Seeing that the White House spokesperson only gave an ambiguous answer, the media present were naturally not satisfied and continued to press for more questions.

The spokesperson, who was assigned to deal with reporters, was naturally adept at dodging questions. No matter how the media pressed him, he managed to evade the questions with various roundabout ways.

And so, the White House's statement regarding the off-site tax avoidance bill came to an end.

Over the next few days, everyone kept a close eye on the White House's movements.

On January 25th, the Senate spokesperson stepped forward and announced that the report on the bill was ready and had been submitted to the White House, which finally put everyone at ease.

The following morning, Vice President Kaczyk arrived at the White House with the rejected off-site tax avoidance bill, instantly putting everyone on edge.

国税局。

David Obadiah and other senior executives gathered in the conference room. Although they knew very well that Padden would most likely sign the document, they were still somewhat tense at this moment.

"Have the three major groups made any moves these past few days, David?"

While waiting, Vertonghen looked at David.

"The Onsa Group and the Illuminati have sent me messages about wanting to negotiate several times in the past few days, but I ignored them. Later, they became furious and said they would ruin the company. Even if our bill is passed, we won't collect much tax revenue afterward."

"Hehe, I believe they are capable of making such a rumor, but didn't you already discuss it with Kennedy and the local powerful families in various states? If such a thing really happens, having them allocate funds to take over these companies is also a better solution."

"Yes, so there's no need to worry about that..."

"Look, it looks like there's a result!"

Donald's exclamation drew everyone's attention to the big screen.

On screen, White House Chief of Staff Wilder stepped forward to the media, pressed his hands down, and said, "Good morning, everyone. The President has reviewed all the articles of association for the Offshore Tax Avoidance Act. After repeated confirmation and deliberation, the President believes that there are no major problems with this bill. So, just now, the President officially signed it. I now officially announce that the Offshore Tax Avoidance Act has been successfully enacted!"

"Very good!"

"Persistence pays off! After so many twists and turns, this bill has finally been passed!"

"Nice, American capitalists, from this day forward you can no longer use overseas registration to evade taxes. You'd better pay your taxes to the IRS honestly so that the money can be used to benefit our people!"

"..."

These days, supporters of the bill have been eagerly anticipating the success of this anti-legislation.

Today, however, their wish has finally come true, which naturally makes these supporters extremely excited.

国税局。

"Williams, the dust has finally settled!"

"Finally, the legislation has been passed. All our efforts over this period have not been in vain!"

"Very good!"

After the White House made the official announcement, Obama, Vertonghen, and other senior officials hugged and high-fived each other, filling the conference room with a joyful atmosphere.

However, it is worth mentioning that compared with everyone else, David did not show much excitement at this moment, but instead looked vacant.

Strictly speaking, he wasn't unhappy, but he had been working too hard on this bill lately.

Now that the bill has finally been passed and the matter has been settled, his nerves, which had been on edge, have been released. After his adrenaline subsided, he felt a sense of fatigue.

"David, you've worked hard these past few days. Why don't you take a break and recharge? We can take care of the rest later, there's no rush."

Obadiah knew how much work pressure David had been under lately, and seeing David like this, he made this suggestion.

"Thank you, Director. I have been very tired lately. I'll take a few days off and get some sleep."

The bill has been passed, and the task of settling the tax situation of various companies can be left to others. He can take a good rest and recover his energy first.

……

The enactment of the off-site tax avoidance law has brought jubilation to supporters and the IRS, but as the saying goes, for every person who rejoices, there is someone who is saddened.

In the lobby of a manor house in the northwest of Washington, D.C.

At this moment, David's old acquaintances, including Rez, Cyril, and Jep, were among them, along with dozens of other people.

These people are all important members of the Onsa Group.

It's worth mentioning that at this moment, almost all of these dozens of people had an expression as if their mothers had died.

The reason is simple: the White House just announced that the off-site tax avoidance law has officially taken effect, which means that their companies can no longer rely on overseas registration to avoid taxes on a large scale.

In the days to come, for every dollar they earned, they would have to honestly pay a certain percentage of their earnings to the State Taxation Administration as taxes.

They've always been the ones taking advantage of others, but unexpectedly, they've become the ones being taken advantage of. It's disgusting, like swallowing a fly.

"What do we do now? Just accept our fate?"

After a long silence, Cyril finally spoke up.

"That damned Padden has already signed it, there's nothing we can do about it..."

Although unwilling to accept the outcome, most of the Ansar people present had to admit that they had lost the war.

"No, I don't think so!"

Everyone turned to look, and it turned out that the one who said this was none other than the 41st President of the United States, John B. Smith!

"Mr. Little Bu Shi, what are your thoughts?"

"While the tax avoidance law was successfully passed, don't forget that laws can also be repealed!"

"That's the logic, but we can't beat David in either the House or the Senate, so how can we talk about repealing the bill?"

Cyril raised questions.

Xiao Bushi smirked and said, "It seems you've forgotten one thing. It's midterm election season. If we take advantage of this, we can eliminate David's camp and regain control of Congress. Once we control Congress, repealing this bill will be a piece of cake!"

Upon hearing this, many people present were taken aback.

Yes, they've been so focused on blocking the bill lately that they've forgotten about the midterm elections.

The midterm election actually began at the end of November last year, but its attention was overshadowed by the high-profile extraterritorial tax avoidance bill.

The midterm elections mean a major reshuffle of members of both houses of Congress. If they can take the opportunity to support more of their own people to take office, there is indeed a chance to turn the tide!

"Mr. Bush is right. It seems like we've lost, but fortunately, fate has left us a way out. If we can win this midterm election, we can make a comeback!"

"Then what are we waiting for? Quickly contact the Freemasons and the Illuminati and tell them to stop interfering with the bill. The most important thing now is the midterm elections!"

"That's right..."

While the Anssa people were discussing the matter...

At the same time, on Senado Island, the Freemasons were also discussing their next steps.

"The off-site tax avoidance bill is beyond saving, but it's not the end of the world for us. What I'm worried about is that its next move might target our Federal Reserve!"

Prescott's concerns were not unfounded. Now that the White House has announced the success of the bill, it is foreseeable that David's reputation will rise to another level.

If this bastard strikes while the iron is hot and tries to take action against their Federal Reserve, they'll be in real trouble.

"Mr. Henrietta..."

As the group was deep in thought, a servant whispered a few words in Henrietta's ear. Henrietta then looked up and said to the others, "The Ansar have reminded us that it's currently the midterm elections. If we can elect more capable people to power and regain control of Parliament, we have a chance to turn the tide."

"The midterm elections? Oh right, how could I forget about that!"

"The Anssa people are right. The main reason we can't stop this bill is that control of Congress has fallen into David's hands. The midterm elections will bring a reshuffle to Congress. If we seize the opportunity, we can indeed turn the tide."

"Now that David controls Congress, we'll have to invest a lot of money if we want to compete with him..."

Upon hearing about the midterm elections, many Freemasons present were rekindled with hope.

However, they soon realized that this midterm election was different from the past.

With David blocking the way, it would definitely take a lot of manpower and resources to promote more of their own people to power.

In an effort to block the passage of this bill, every individual and family has invested a great deal of money over this period of time.

Moreover, now that the bill has taken effect, the IRS will definitely be taking drastic measures against them. Asking them to withdraw funds to participate in the midterm elections would be a real pain.

"Don't worry, the interest rate hike has already been announced. We'll officially announce it tomorrow. The funds that flow back in then can be used to fund the midterm elections!"

Henrietta had already made the decision to raise interest rates with the Federal Reserve, but he had to put it aside for the time being because of the bill.

Now that the bill has been finalized and the midterm elections have become their target, there's no need to wait any longer for interest rate hikes.

"Great, let's decide on that then!"

"Regaining control of Congress and repealing the tax haven laws is not just our business, it's also the business of the Onsa people and the Illuminati. We need to get them to increase their financial investment."

"That's right, leave this to me. I'll have a good talk with them and make sure our group doesn't suffer too much loss!"

"..."

Upon hearing that they would no longer need to allocate funds, the Freemasons were naturally overjoyed and were all eagerly preparing for a counterattack.

The day after the tax avoidance bill was passed, another news story quickly took over the headlines.

A statement from the Federal Reserve has set off a global media frenzy.

The reason is simple: the announcement stated that the Federal Reserve would raise interest rates for the eighth time.

Immediately, complaints arose from all over the world.

Japanese country.

"Baka yarou, that damn Federal Reserve is at it again, fleecing us!"

"This is outrageous! Raising interest rates once or twice is one thing, but this is the eighth time! Do you really think all the money is yours?"

"The Federal Reserve is so lawless, isn't there anyone who can punish them?"

"Yes, the IRS can sanction them. If the IRS were to tax the Federal Reserve, I'd be the first to support it!"

As soon as the Federal Reserve announced an interest rate hike, the Japanese stock market plummeted.

Countless islanders not only hurled insults, but even fantasized about having the IRS take down the Federal Reserve to vent their anger!

Peninsular country.

"Damn it, the Federal Reserve is awful!"

"The IRS passed that off-site tax avoidance bill yesterday, which reportedly caused huge losses for those Jews. Today, the US announced an interest rate hike. Are they trying to make up for it by targeting us?"

"Let the Fed fleece us all. I believe that one day, Inspector General David will take care of them, and then we'll see how angry they are!"

"..."

Besides Japan, countries around the world have also criticized the Federal Reserve's practice of exploiting loopholes.

But the Federal Reserve is the Federal Reserve after all, and the criticism from various countries has no effect whatsoever; they can only place their hopes on the IRS.

In recent times, the IRS has been cracking down on major capital groups and has also enacted a law on tax evasion in other jurisdictions.

Basically, anyone in any country with even a little bit of insight has already realized that the two sides are waging a war without gunfire.

And what kind of people are most American capitalists?

This included many Jews!

And who controls the Federal Reserve?

As everyone knows, they are Jewish!

If the IRS continues to target Jews, it will be tantamount to avenging those who have suffered losses due to interest rate hikes, so people in various countries are quite looking forward to it.

(End of this chapter)