Chapter 298 Selling himself to the IRS
As the documents continued to come into his eyes, David's eyes gradually changed from dull to sharp. Then he looked directly at Zhao Changpeng and asked: "Zhao Changpeng" Sir, are you sure that the amount calculated in your tax document is not wrong?”
It’s not that the amount is less, on the contrary, he feels it is a bit higher than expected.
The market value of Binance 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 made a mistake in his statistics, 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, you said before that you took the initiative The declaration will receive a 3% discount. We do not include it in the calculation, but calculate it based on the amount of tax 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, and pay more money to contribute to this society. Make more contributions!”
Looking at Zhao Changpeng’s righteous look, David couldn’t help but wonder in his heart, is this guy really so enlightened?
But he soon rejected the idea.
A person who can reach the position of the richest man in China in just a few years would have shown his awareness of social responsibility 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 say it first. Then he said: "To tell you the truth, Director David, our currency An... I really want your help with something."
David thought to himself, "Sure enough," and then said lightly: "Let's talk about it."
Zhao Changpeng and Lin Huaide. They 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..."
"Wait..."
Before the other party could finish speaking, David interrupted: "Mr. Zhao, the help I just mentioned refers to the help within the scope of authority. Since it involves the Ministry of Justice's treatment of you, Investigation, then I have no right to interfere, I’m sorry!”
Collecting taxes is tax collection, but he definitely has no interest in intervening in matters involving the responsibilities of other departments.
Zhao Changpeng was anxious and said quickly: "Director David, the Ministry of Justice is coming this time to make it clear that it wants to destroy us. Once our Binance collapses, then your IRS will never say anything about us again. This will not collect taxes, 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, and we, the IRS, have no reason to go there! I hope you can understand, Mr. Zhao, who intervened..."
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 the IRS needs me!”
David raised his eyes and asked, “What do you mean?” Cong, received 20 billion US dollars, but 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 huge 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 group and the analysis of the Intelligence Department.
Are there any omissions?
The answer is yes.
But because he had reached his general psychological expectations, he was too lazy to continue investigating.
This will not only consume a lot of his energy, but if he has this time, it is better to take the time to deal with current 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 do you want to say?”
< br>“What I want to say is that as the world’s largest cryptocurrency trading platform, Binance will conduct all cryptocurrency transactions 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 is after Zhao Changpeng and Lin Huaide calmed down last night! , a no-brainer solution was negotiated.
The reason why there is no way is because once we do this, we 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 very tight on them now. If no external force intervenes, then it will be easy for him to lose control of the company. If not, 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 after hearing 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 is like killing them. If Bitcoin reaches a higher level in the future, then these people will honestly pay the IRS tax to them 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 said you can supervise the cryptocurrency industry 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 doesn't want to be The man has become a hero.
“It’s very simple, because we have no reliance in the United States, otherwise, the Department of Justice would not engage us!”
The underlying meaning of Zhao Changpeng’s words is actually Tell David, if you protect me, you will be my support in the future.
And if I leave you, no matter what, the Department of Justice will continue to mess 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?"
Now This matter has not been disclosed to the media, so he does not quite understand the situation.
“There is a saying in China, ‘Those who are not of our race will have different hearts’, and it is the same here in the United States!”
At this point, Zhao Changpeng’s eyes changed. There was a trace of anger in his mouth, 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 in one hand and thought for a while, then picked up the phone on the desk: "Come to my office."
Soon, Keppel opened the door. And advance.
“Take the two gentlemen to the lounge for a cup of coffee first.”
Although they were a little anxious to get the answer, 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 gave?"
"Don't worry Changpeng , I have seen that he is obviously interested, but after all, this involves the Ministry of Justice, I think he should also ask their senior officials for instructions."
"Okay, I hope they will. The senior management can 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 management will. Most likely I will agree.”
"I hope so..."
The two guessed right. David was talking to Donald at this time, because it involved the Ministry of Justice. If he wanted to intervene, he would have to I need to memorize some books from the General Administration.
Otherwise, if someone knows 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...”
Listen It turns out that Donald is somewhat 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.
“David, what do you think?”
“If Changpeng Zhao loses control of Binance, then Binance will definitely fall to the rest of the crypto industry. In the hands of the currency company, or it may be divided up, and when the time comes, if these guys collude to fool us, it will be really difficult for us to investigate, and even if we want to investigate, we will have to spend a lot of energy."
From Zhao Changpeng's words. It has been heard for a while that the Ministry of Justice targeted one of their cryptocurrency companies, and obviously the rest of the companies are their own.
What David is worried about is that once Zhao Changpeng is out, if those cryptocurrency companies get vented, the taxes paid to the IRS will be shortchanged, which will definitely be very troublesome.
"So what you mean is that we have to help him?"
"I think it is more beneficial for us to have him supervise the cryptocurrency for us."
There was silence on the other side of the phone. After about a minute, a voice came: "Then are you sure you can handle the Ministry of Justice?"
"You are somewhat sure."
The people in the Ministry of Justice are also human beings. As a person, you will have a handle, 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."
Hang up After cutting off the phone, David immediately asked Keppel to inform Zhao Changpeng and Lin Huaide to come over.
After the two pushed the door open 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 Ministry of Justice 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's mind After thinking about it carefully, 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, and they looked at each other. At one glance, they all showed expressions of 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 really can’t help if the plot requires it. This is a deal where both parties get what they need. Can't it be considered poison?
(End of this chapter)