American tax officials

Amidst everyone's thoughts, David had already arrived at the New York Stock Exchange.

There's a reason he chose to hold the press conference here.

As is well known, Wall Street is controlled by Jews, and the New York Stock Exchange, as the financial trading center of the street, naturally exists like the soul of the city.

David's choice to hold a press conference here and release the news of the investigation into the foundation is tantamount to breaking into the homes of the three major corporations and slapping them in the face.

This is exactly the effect he wanted!

He also wants to announce to the world that although the off-site tax avoidance law has been enacted, this does not mean the end.

In the time to come, he will continue to work hard to crack down on the rich who control most of America’s wealth but are also the biggest tax evaders!

"Inspector General David, what is the purpose of this press conference?"

"Inspector General David, there have been rumors that you would be conducting a tax audit of Wall Street. Now that you're here, are you about to begin?"

"Inspector General David..."

The media reporters had been eagerly waiting, and as soon as David finally arrived, they all grabbed microphones and rushed up to bombard him with questions.

"Please keep quiet, everyone. Otherwise, Inspector General David will not answer any questions!"

The scene was noisy and chaotic with questions coming from all sides, so Nehm had to step in to stop it.

While the media were eager to understand David's purpose, they could only remain silent after hearing his words.

"I apologize for not informing everyone of my arrival in advance. As many of you from the media have probably guessed, I'm here to conduct a tax audit!"

"What?! They're really going to investigate Wall Street's taxes?!"

"The IRS just introduced the off-site tax avoidance law a few days ago, and now they've launched a tax investigation into Wall Street. That's really swift and decisive."

"The tax avoidance laws have caused huge losses for wealthy Americans, and now the IRS is targeting Wall Street. Those rich people are going to be furious!"

The news caused an uproar among the audience at the scene and those watching online.

The faces of the members of the three major groups, including Joshua, also darkened instantly.

"Through my undercover investigations over the past few days, I have uncovered tax-related issues involving the JP, WK, and AQM foundations. I am now officially announcing that the IRS will establish an investigation team to conduct a detailed investigation of these foundations. The results of the investigation will be made public!"

"What? The foundation is involved in tax issues?"

"According to American law, foundations are not subject to tax laws, and the IRS has no right to investigate them. What's going on here?!"

"JP, WK, AQM, these are giant foundations on Wall Street. If they really involve tax issues, it will cause a huge uproar."

"..."

If everyone was only slightly surprised when David mentioned conducting a tax audit of Wall Street, they were all taken aback when they heard that the investigation would target foundations.

As many people have pointed out, according to American law, foundations are not subject to regulation by the government or any other department.

This includes, of course, the IRS.

David's public announcement of an investigation into the foundation is arguably an act of usurpation!

The headquarters building of Morgan Bank.

Joshua had been watching the live stream on his computer, but he was taken aback when he heard that David was going to investigate his foundation.

After he came to his senses, he immediately looked at his assistant and asked, "Is there anything you want to say?"

"Mr. Joshua, according to American law, not only the IRS, but even the government has no right to investigate our foundation or demand that we disclose foundation data, so we don't need to worry about that."

"That makes sense, but since this bastard dared to announce it like that in front of the whole world, he must have something to be confident about. Think carefully about what loopholes exist in our foundation, or whether he has some leverage over us."

This wasn't the first time he'd clashed with David; in fact, their war had begun the moment David started targeting Nevada Governor Stevenson.

After so many open and covert struggles, Joshua had long understood David's character. He knew that although David seemed reckless on the surface, he was actually a very meticulous person. Therefore, David must have been confident in his ability to make such a move!

The aide thought for a while, then said, "Most of the funds that flowed back from the Fed's interest rate hikes were first injected into foundations to avoid regulatory issues, and then channeled through these foundations to the campaign teams..."

Joshua frowned upon hearing this.

Even before David appeared, he had already guessed that the other party might be there to cut off their campaign funds flowing out for the midterm elections.

And now it seems that this is indeed the case!

Since their funds are intended to be channeled to the campaign teams through foundations, taking action against their foundations would prevent them from distributing the funds.

What a vicious method!

"However, Mr. Joshua, you don't need to worry. Like I said before, according to the law, the foundation is not bound by any organization. They have no right to demand any data from us. As long as we refuse to cooperate, they can't do anything to us!"

"Notify the foundation's manager to come see me immediately. Also, have our lawyer go to the scene right now to find out what his true intentions are!"

"clear!"

……

Across from the New York Stock Exchange.

The news of the investigation into the foundation was so explosive that, after recovering from the shock, the media kept pressing David for answers about the basis of the investigation.

Just as David was earnestly explaining the basis of the investigation, several voices suddenly interrupted him.

"Excuse me, I am the legal counsel for the JP Foundation. I just heard that the IRS is preparing to investigate our foundation, and I have a few questions to ask."

"I am the legal counsel for the WK Foundation, and I would also like to consult with Inspector General David about the investigation our foundation is facing."

"I'm from the AQM Foundation..."

David wasn't particularly surprised by their arrival. He said, "Since you gentlemen have questions, why don't you come over and ask them face-to-face?"

The special agents below cleared a path, and the three exchanged glances before calmly walking up to David.

"Gentlemen, may I ask your names?"

"My name is Price."

"I am Hearts."

"My name is Komodov."

"Alright, gentlemen, you just said you wanted to ask me about your respective foundations. Now you can ask!"

Price spoke first, saying, "According to the law, our foundation is not subject to the supervision of any institution, including your IRS, so your investigation of us has no legal basis!"

"Yes, that's true according to the law. But I need you to understand something first, Mr. Price. According to the law, foundations are not subject to any regulatory body, but that's on the condition that the funds in a foundation like yours must be used for charitable purposes. However, if the funds are involved in money laundering, insider trading, or flow to certain parties with vested interests, then not only the IRS, but even the FBI probably has the right to intervene, right?"

Upon hearing this, the three exchanged glances. As legal advisors to their respective foundations, they knew perfectly well that David wasn't just spouting nonsense.

"I admit you have a point, but Inspector General David, the use of our foundation's funds is not required to be disclosed to you or any other organization. Of course, since our foundation is primarily charitable, the funds are naturally used for charitable causes—that's beyond question!"

This time, it was Hearts who spoke.

What he meant was that even if David suspected that our foundation's funds were being used for other purposes, he had no right to demand any data from him.

As long as I insist that the funds inside are for charity, what can you do about it?

David smiled slightly, then waved to Munson, who was not far away. Munson immediately opened his briefcase, took out three documents, and handed them over.

David took the document, then turned and extended it to the three men in front of him, saying, "Gentlemen, your foundation certainly doesn't need to disclose anything to me, but I think you should also take a look at this document!"

The three men frowned slightly, because it was not hard to tell from David's expression that these three documents were likely unfavorable to them.

Without further thought, the three of them took it and began to examine it.

As the contents of the document came into view, even though they knew they were in a public place, the three of them couldn't help but become horrified.

Because the document they now possess is confidential data from their respective foundations, and what he couldn't understand even more was how David had obtained it.

"What's going on? Why are the lawyers for these three foundations so flustered?"

"Isn't the foundation supposed to be independent of any organization and not required to disclose data to any organization? What is it that Inspector General David is showing them that has caused them such panic?"

"Now it seems that this seemingly impeccable foundation system is not so impeccable in the face of Inspector General David."

Because the event was being broadcast live, not only the media reporters present, but also the viewers watching the live stream noticed something unusual.

The headquarters building of Morgan Bank.

Joshua wasn't blind, and he naturally noticed the strange look on his foundation's legal counsel's face, which made him feel even heavier.

Could it be that David has some kind of leverage over their foundation?

If that's the case, then we're doomed.

It's important to understand that this foundation isn't just for managing midterm election funds; it's also the Morgan family's family foundation.

To avoid his family's descendants having to pay hefty inheritance taxes, he had been gradually transferring his assets into this foundation for many years.

If something really goes wrong and the foundation is frozen or seized, the losses their family will suffer will probably be even greater than those caused by the tax evasion law!

Besides Joshua himself, many people in the three major corporations also became nervous at this moment.

The estate tax in the United States is too high, so any large family will inevitably choose to establish a foundation so that the heirs can bypass the estate tax and inherit the family's estate.

Now David is clearly targeting the foundation. If he succeeds, the major families will have to pay another heavy price after the tax avoidance law!

……

"So, you three, do we now have the right to investigate your foundation?"

Upon hearing David's question, the three realized they had lost their composure. They quickly regained their composure, with Harts replying, "Inspector General David, I don't know where you got these data, but I must deny that they are purely fabricated. We vehemently deny them!"

"That's right, our JP Foundation should also deny this data!"

"As we just stated, our foundation is dedicated to charitable causes, so this data is indeed inaccurate!"

The three of them knew, of course, that the document in their hands was indeed top-secret data from their foundation, but if they admitted it just like that, they would be finished.

However, if they deny it, they still have a chance to escape punishment because the foundation is unregulated and does not need to disclose data.

"Really? What if I release this document and ask charities across the country to provide a detailed breakdown, and also ask banks to provide a detailed statement of the funds? What do you think would happen?"

David seemed to have anticipated their answer and asked calmly.

Upon hearing this, the three men's expressions changed again. Hearts then replied, "It's your freedom to release this document, and we have no right to object. However, we cannot agree to your request for detailed statements from charities and banks across the country, because according to the law, we are not required to cooperate with your work!"

David smiled and looked at them as if they were idiots: "I don't need your cooperation. I just need the cooperation of charities and banks all over the country."

"You...you can't do this."

The three were truly anxious this time. They didn't need to cooperate with David, but if David asked the banks and the charities they were dealing with to cooperate, and the details provided by these organizations matched the document in front of them, their foundation would be in a situation where even ten mouths couldn't explain themselves!

"Whether I can or not seems to be beyond your control. Alright, I'm short on time. We'll meet again sometime!"

David, not wanting to waste any more words with them, simply stepped down from the stage and left, surrounded by special agents. (End of Chapter)