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Chapter 24 The IRS Enemies

Doing business in New York is higher than that in most parts of the United States. Each state has sufficient autonomy, tax systems, legal norms, etc., which is not a simple one-size-fits-all approach.

Since Old Sam knew to achieve illegal tax avoidance through cash, other businessmen certainly knew it too.

If it weren't for being blackmailed by Ye Dongqing, and if you learned that he was suffering from cancer, you urgently need to transfer assets before you die and avoid paying high gift taxes or inheritance taxes, this old man wouldn't be so stupid that he was cut by Ye Dongqing. The commission for asking him to help launder money is not low.

For hundreds of years, the US official institutions have been tirelessly brainwashing, allowing people and enterprises to pay taxes on time and in full, and also created the abnormal organization "Federal Taxation Bureau". It is not just a department, but also has the Appeal Office, Taxpayer Service Bureau, the Wage and Investment Income Bureau, the Small Business and Self-employed Owners Bureau, the Large and Medium Enterprise Bureau, etc., with a total number of employees as many as 80,000.

Even the employees in it will take some time to figure out what work each department is responsible for. Some people have worked in it for several years, but they are still confused. They are one of the most important departments in the United States.

No one wants to provoke the director of the tax bureau. Ordinary IRS employees are terrible. This big guy is even more terrible in people's eyes. Some companies once paid a few cents less tax, but they were all caught and honestly made up for it.

Under the strict legal system, more than 110 million taxpayers in the United States paid about 350 billion US dollars to the federal government, and the company will also provide a large amount of tax revenue, which is the official data in 2001, and personal income tax accounts for more than half of the total tax revenue.

Almost every person with a formal job has to deal with the Federal Taxation Bureau at least once a year, which indirectly contributes to a large number of middle-class and high-yield accountants, who are similar to lawyers and are also considered high-income people.

There are policies above and countermeasures below.

The Federal Taxation Bureau is powerful, but it cannot withstand people's determination to evade taxes. No one wants to take away some of the money they have worked hard to earn, even if it is used as the so-called improvement of social welfare.

If it were another way, it would be reasonable to say that a large group of middle-class people worked day and night, but some of the money was used to support lazy people and let them get relief funds comfortably.

In short, if the IRS wants to collect taxes, it will also face many obstacles.

By setting up "charitable trust funds", the rich hide assets with a total amount of trillions of dollars and do not need to pay taxes; multinational companies store their money in other countries, and as long as they do not flow back to the United States, they do not need to pay taxes; ordinary middle and high-yield classes, as well as large and small company bosses, directly try their best to avoid taxes and evade taxes.

This part of the funds is more taxes received every year than the Federal Taxation Bureau. Except for those who are really helpless, if they have some choice, they will try their best to pay less taxes. Otherwise, the world's largest group of Ye Dongqing's colleagues would not live a comfortable life of wanton squandering.

Global finance is a mess, and major accounting firms are perfectly accomplices. The four world-class accounting firms and other industry giants know to be a little more restrained. A bunch of small firms, especially those who have not even obtained legal business certificates, are simply unscrupulous in doing things...

At this time, Ye Dongqing told the other party that he had a large sum of cash, and the greasy middle-aged man named Cooper immediately became interested.

Cash is more troublesome, but cash is indispensable in their business. Its most convenient feature is that it is easy to hide. It does not mean that it is actually hiding, but that it does not leave "electronic fingerprints". Without knowing it, the money on the book can disappear without realizing it, thus achieving the goal of avoiding tax payments.

For example, a small boss gets 100,000 US dollars in cash, and then transfers 100,000 US dollars of income from the company account in the name of remuneration, advertising expenditure, etc. to reduce book profits. As long as you are strict enough, the 100,000 US dollars of cash will not have to be paid taxes. Just buy something on a daily basis and use cash directly, which will save some money.

This is just the most common way of tax evasion. Americans have already made a lot of tricks to evade tax. In this era when deposits and treasury bond yields are so low, avoiding tax points is also a big profit, and no one will dislike their own money.

At present, the tax rates of corporate and individuals in the United States are slightly higher, and the tax reduction policies of the Reagan era have long been gone. Corporate profits will also generate excess progressive personal income tax. The highest level of corporate income tax is levied 35%, and the highest level of personal income tax is levied 39.6%. Considering this environment, there are always people who are willing to pay the price in exchange for cash tax avoidance.

But the United States is still a country with low cash flow, making cash more valuable. The reason why Ye Dongqing spoke up for a 10% premium is that the demand is relatively large, and ordinary people cannot do it, but he has a way.

Cooper first raised a question and asked Ye Dongqing to sit down. He didn't ask what his name was. He didn't care about it at all. He said, "Oh? How much cash does your boss have in his hand?"

"It's millions of dollars. I don't know the specific number, it's only a lot. The first time I cooperate, I can sell you 100,000 yuan. If you need me, I'll get it here tonight."

Faced with such a small business, Ye Dongqing was not nervous at all, and his expression was as calm as before.

After all, I have seen the old fox who has seen a strong storm. It is of course good to have this business done now. It’s a pity that I can’t agree on. I have lost 10,000 to tens of thousands of dollars in income, and I have to find a way to turn the cash into the number in the account.

“Your commission is not low, others won’t charge so much.

How troublesome is the cash you have to put. Everyone else sells it to me at a price of 103%. You know, I have also helped you deal with the shameful money."

Combined with Ye Dongqing's yellow-skinned face, Cooper subconsciously thought that the money came from unknown.

There is no way, most of my compatriots are at the bottom of American society, and there are only a few people who are famous. Most Chinese Americans live in poverty, have difficulty in entering school, and have even more difficulty in finding a job. In the end, many people take risks and engage in illegal activities. Those "small businesses" are most likely to earn a lot of cash.

The so-called oranges in the south and tangerines in the north, marginalized Chinese residents in the United States are an important reason for the increase in group crime rates. Black and Latino groups are prone to losing their jobs, and Chinese are more likely to lose their jobs.

Is it normal to talk about business? It’s normal for you to go back and forth. The other party quoted a price. Ye Dongqing was not very satisfied, so he shook his head: “My boss only said 10%. The price you gave was too low, and he would never agree.
Chapter completed!
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