American tax officials

"That's right. When Inspector General David arrives, I think you should be the one to start this matter, Bessmay!"

"Agreed."

"I agree..."

Charlie's words were met with agreement from the representatives of the other major families.

"No, no, no... In the financial field, Charlie, your family has more say. I think it's safest for you to speak up on this matter, Charlie."

Bessma waved his hands repeatedly.

He's not stupid; given David's personality, it's quite possible he'd try to get involved with the Federal Reserve.

But what if he brings this up now and offends David?

He didn't want to do anything that might bring him bad luck.

"Bessmay, you were the one who brought this up, so shouldn't you be the one to take the lead in speaking out?"

Charlie, of course, refused as well and quickly declined again.

And so, the representatives of the various families began to argue, but after a long time, they still couldn't reach a conclusion.

Finally, a helpless Bessmay looked at Sean, who had remained silent, and asked, "Mr. Sean, don't you want to express your opinion on this matter?"

"There's nothing to say. Whatever Inspector General David wants to do, the Kennedy family will support him and follow him to the end!"

Sean said it with absolute certainty.

The representatives of the various families were speechless for a moment upon hearing this.

However, upon closer examination, Sean's determination is not without reason.

The Kennedy family is quite different from other families.

Strictly speaking, these families and the three major groups have no personal grudges; in fact, they even had some cooperation in the past.

The Kennedy family, however, was different.

Not only was their own president's ancestor shot in the head, but in recent years, the Freemasons have almost resorted to ruthless methods to exterminate the Kennedy family.

Now that they've finally managed to latch onto David, it's no wonder they're going to ruthlessly destroy the Freemasons!

"How about this, since it was you, Mr. Bessmay, who brought this up, you should take the lead, and Charlie and I will add to it. That would be the fairest way, wouldn't you say?"

Gotha proposed a compromise.

Hearing this, Bessmay still felt somewhat uneasy, but considering the enormous benefits the Federal Reserve could bring, he ultimately decided to give this request a try, and nodded, saying, "Okay, it's decided then!"

……

About ten minutes later, David finally arrived at the scene and said, "I apologize, everyone, something came up and I was a little delayed..."

"It's alright, Inspector David, we were having a pleasant chat!"

Thompson quickly stepped in to smooth things over.

"Okay, let's begin!"

As David took his seat, everyone else followed suit.

"Over this period, you have all made invaluable contributions to the legislation on tax havens in other jurisdictions, and now, thanks to your help, we have withstood the pressure regarding the stock market. On behalf of the IRS, I extend my highest respect to you!"

David was the first to raise his glass, and the others followed suit.

With a "shred!" everyone downed their champagne glasses.

"Next, I'd like to talk about the stock market. In the past few days, you've acquired a significant number of shares in major companies. I believe that as time goes on, you will eventually gain control of these giant companies."

"Of course, I'm not saying this to ask you to hand over control of these companies or how to manage them. I just want to tell you that there's an old Chinese saying: 'What is taken from the people should be used for the people.' I don't want you to become a capitalist group like the Freemasons, only concerned with profit..."

David spoke slowly and deliberately, delivering a series of discouraging words.

Hearing these words, many of the ulterior motives of the various families present were suppressed.

"Okay, that's all I wanted to say. Do you have anything to add?"

After speaking for about twenty minutes, having said almost everything he needed to say, David stopped and looked at the crowd.

"Um... Inspector General David, the situation in the stock market is basically settled now. What we'd like to know is... are there any further major moves planned... and how could we possibly be of any use to you?"

Ultimately, Bessmay didn't dare to ask directly about the Federal Reserve, but instead asked in a roundabout way.

"While the stock market situation seems to have stabilized, we need to observe it for a while to see if they will make any unexpected moves. In addition, we need to turn our attention back to the midterm elections in the coming period!"

"Is that so...?"

"Mr. Bessmay, we've all fought side by side until today, so we're practically family now. Feel free to ask me anything."

David noticed the other person's hesitation and spoke directly.

"Inspector General David, there are some media outlets and economic experts speculating that now that our off-site tax avoidance law has been passed, you and the IRS are planning to... to make some plans regarding the Federal Reserve. We'd like to know if that's true?"

After saying those words with a stiff upper lip, Bessmay looked at David with great trepidation.

"Inspector General David, the Federal Reserve is a matter of great importance, and we all want to have a clear understanding of the situation before we can help you."

"Inspector General David, we're all on the same side now. We just wanted to know your thoughts in advance so we could make some arrangements..."

As expected, Gotha and Charlie kept their word and immediately added to and echoed Bessma's statement.

Upon hearing this, David leaned back slightly, tapping his fingertips on the table, his gaze sweeping over the crowd.

At this moment, the most nervous people were not the representatives of these families from various states, but the Thompson father and daughter.

When they agreed to join this camp, they had hinted in various ways that they would plan to nationalize the Federal Reserve after they returned to the White House.

However, what he did not expect was that things had developed to this point, especially after the bill was passed, coupled with the influx of capital from various countries into the stock market, all of which had exceeded their expectations.

Global capital has clearly seen that David is suppressing the Freemasons, and they all want to get involved to retaliate and get a share of the profits.

If David were to take the initiative against the Federal Reserve at this point, these global capitals would certainly not stand idly by and would inevitably join in to beat the dog when it's down.

In addition, there are still almost two years until the 2024 general election.

If David changes his mind and wants to speed things up, it will be very difficult for them.

Nationalizing the Federal Reserve is something even Kennedy couldn't do.

If it succeeds, it will be something that will be recorded in history and worthy of people's praise. How could he be willing to see such a great achievement fall on the head of Paiden now?

After a moment of silence amidst everyone's thoughts, David finally spoke up: "It's too early to talk about the Federal Reserve right now. What I can tell you is that we do have some ideas, but I will discuss the specific details with you when the time is right!"

Upon hearing this, Thompson and his daughter instantly felt relieved.

It seems that David hasn't changed his mind and still intends to take this matter into consideration.

Since David doesn't intend to take action against the Federal Reserve now, it means their ideas still have a chance, which is a good thing!

Meanwhile, the representatives of the various families exchanged glances.

Overall, David's answer left them feeling both disappointed and somewhat relieved.

The disappointment is that if they don't take action against the Federal Reserve now, it means their hopes of getting a share of the pie have also been dashed for the time being.

Another reason for saying it was a relief is that we don't have to go to war with the Federal Reserve right now, which allows them to take their time to consider the matter.

A long silence followed in the private room. Then, as if remembering something, Bessmay reminded him, "Inspector General David, the Federal Reserve is the foundation of the nation. Touching it could trigger an unprecedented financial tsunami. If we absolutely must take action, we must be extremely cautious!"

"Bestmay is right. The Federal Reserve not only controls the economic lifeline of our country, but the US dollar, as the world's financial currency, can also be said to control the world's financial lifeline. We need a prudent plan..."

"..."

Following Bessmay, Gotha and Charlie also spoke out in succession to offer their reminders.

We're all in the same boat now, and they don't want things to go wrong with the Federal Reserve, which could cause everyone to capsize in the end.

"I understand. There's no need to discuss this further now. I'll let you know the specific details when the time comes to discuss it!"

"Alright, let's get back to the topic. The three major groups have quieted down in the stock market today, which is something to celebrate for all of us. Let's not discuss business any further tonight. Cheers!"

Seeing that David wasn't going to elaborate any further, the others wisely stopped asking questions and the atmosphere shifted to one of clinking glasses and exchanging toasts.

After several rounds of drinks...

By then, it was already past 11 o'clock.

"Alright everyone, that's all for today. I have a lot of official business to attend to tomorrow, so I'll stop here for now. See you next time!"

David stood up, greeted everyone, and then left.

Today's meeting, which had the nature of a victory celebration, has now officially come to an end.

In the remaining days, with little pressure on the stock market, David was able to focus all his efforts on investigating the foundation's affairs.

David had already obtained the confidential internal data of these foundations, and after his investigation team investigated and compared the data, it further confirmed that these foundations were involved in tax evasion.

The date came to May 9th.

The IRS has officially issued a notice confirming that JP, WK, and AQM foundations are suspected of multiple crimes, including tax evasion, and will freeze all assets of these foundations.

As soon as the news broke, the stock prices of other foundations plummeted instantly, and countless managers who were afraid of being implicated resigned and fled overnight, plunging Wall Street into considerable turmoil.

Manhattan Precinct.

"Chief Inspector David, as per your instructions, we have frozen the funds of those three major foundations. Furthermore, investigations into other foundations are also underway..."

Inside the office, Nehm was reporting to David about the foundation's work.

After listening to his words, David nodded slightly and replied, "Very good. The bi-weekly report on the off-site tax avoidance law will be out tomorrow. I need to go back to headquarters. I'll leave things here to you."

"Don't worry, Inspector David, we can handle these tasks at our Manhattan office."

"it is good."

The following day, David boarded a connecting flight and returned to Washington, D.C.

Upon returning to headquarters, he first met with Obadiah, Donald, and other senior officials, and then followed them to the Tax and Economic Office.

Their purpose in coming here is quite simple.

That is, to see through the national tax system here how much tax revenue has been generated in the past two weeks since the implementation of the tax avoidance law.

"How's it going, Candona? Have the statistics been compiled yet?"

"Hmm... let me see..."

After carefully examining the report in his hand, the head of the Chief of Staff, Candona, frowned and said, "Since the bill was enacted, the tax revenue generated is $2369.5 billion?"

"Hmm? How come there's only this much?"

Upon hearing this data, neither Obadiah, Donald, nor even David himself could quite believe it.

Because this number is simply too small.

As for how little?

To put it another way, it's less than a quarter of what they expected!

"Kandona, this total tax revenue isn't right. The tax avoidance legislation couldn't have generated only this much tax revenue. Did your department make a calculation error?"

David immediately stepped forward and denied it.

$2369 billion doesn't sound like a lot, but you have to understand that this isn't just tax revenue from Silicon Valley or Wall Street; it's tax revenue from the entire United States!

Despite being in the United States, almost all of Silicon Valley's internet giants are registered in tax havens overseas.

However, in addition to Silicon Valley, many small and medium-sized enterprises across the country also choose to register in overseas tax havens in order to reduce their tax payments.

In other words...

The Offshore Tax Avoidance Act targets all companies registered in tax havens throughout the United States.

Even if you count on your toes, it's impossible that the amount is only a mere 2000 billion US dollars.

"Yes, this bill certainly can't only bring in this much tax revenue. Well then, Inspector General David, please wait a moment. I'll call Reilly over and have him explain the situation properly."

Candona was also somewhat puzzled.

Logically speaking, after the tax avoidance law was passed, their first half-month period should have been the time with the highest tax revenue, at which time they conservatively estimated it to be in the range of 900 billion to over 1 trillion. How could it only be a little over 200 billion? (End of this chapter)