Chapter 800 IRS (2)

Of course, now the IRS is not satisfied with just "chasing money" in the country. Maybe it feels that the pool of water in the country can no longer hold them tossing in it?

wrong! The IRS is obviously displeased with the measures taken by those wealthy businessmen and multinational corporations who blatantly evaded their investigation and caused huge tax losses.

According to statistics, in recent years, the number of people who have given up American citizenship or green cards has far exceeded the sum of the previous 12 years, including many millionaires and billionaires. Some analysts attribute this to the strict tax system in the United States, which is well known Yes, the richer people are, the less willing they are to give away their hard-earned money.

Although the U.S. federal government has brainwashed the concept of paying taxes deeply into the hearts of the people through a century of diligent brainwashing, it is already a lice on the head of a bald man that these wealthy businessmen use offshore transactions to evade taxes. Accounting is only one of the lowest tax avoidance methods.

For example, if a person living in Ohio intends to open a bank account in Rome, the Italian bank is not obliged to inform the IRS of the client's income or even his name.

God knows how many people in the United States open accounts overseas? How many accounts have you opened? This made it difficult for the "one-hearted" IRS to handle, so starting in 2010, under the impetus of the IRS and the Ministry of Finance, the U.S. Congress passed the FATCA Act, requiring foreign banks to provide the U.S. tax authorities with the account information of U.S. citizens. A few years later, this controversial bill was finally officially implemented.

Just on July 1 last year, the U.S. "Foreign Account Tax Compliance Act" (FATCA Act) came into effect, and other countries that have signed relevant agreements are obliged to report to the U.S. the status of U.S. residents' funds in the country, and vice versa. Of course.

The "Thousands of Miles Tax Pursuit" that the IRS has been thinking about has finally taken shape. This bill is an important "weapon" to combat tax evasion overseas by its citizens.

According to the bill, eligible U.S. citizens and U.S. green card holders must report relevant account information to the U.S. IRS as long as they have more than $50,000 in foreign bank deposits and more than $250,000 in corporate assets.

Foreign financial institutions also need to provide the IRS with the overseas account information of U.S. citizens, green card holders, or U.S. tax residents who have traveled to the U.S. for more than 183 days in three years.

One of the reasons why this bill was successfully passed is that the United States and the ZF of country Z have initialed an agreement on the FATCA Act. According to the agreement, country Z will provide the US government with the financial account information of US citizens, while the US will The U.S. account information of country Z citizens will be provided to ZF.

This bill has greatly promoted the governance of "naked officials" and other corrupt behaviors in country Z. Of course, it is man-made. With the old beauty's urine, they will naturally not be kind enough to make wedding dresses for ZF in country Z. More is In order to recover taxes, as for the anti-corruption work in country Z, they can be fooled as much as they can. After all, the consumption behavior of those officials in country Z in the United States has greatly stimulated the increasingly struggling American market.

Therefore, it is foreseeable that it will be difficult for ZF to make a difference before those tan officials spend all their money.

but,

Right now, Yang Cheng is not in the mood to gloat over those unlucky guys. He himself is shrouded in the terrifying shadow of the IRS. After a brief communication with Ruiz, Yang Cheng's mind is heavy.

He is very clear that the IRS will not come to the door for no reason. Obviously, this is driven by someone behind the scenes. If Yang Cheng is involved in the murder case and also involved in troublesome tax evasion, then he is really dead and cannot die anymore. Facts have proved that although Americans shy away from the IRS, they are very happy to see one tax evasion case after another being cracked by the IRS on the news. Better off!

To be honest, Yang Cheng is at ease with the IRS' investigation for the time being. He doesn't think the tax avoidance fortress built by top actuaries and accountants will be easily breached. If this is the case, there is no need for those financial consulting companies on Wall Street.

In the hands of these so-called elites who wander between black and white, they control trillions of dollars of black money, laundering money and exchanging it to customers in order to obtain high profits.

Tax avoidance and money laundering are essentially the same job, and Yang Cheng's operators are not these unscrupulous little bastards. As for the name, I won't report it, it's easy to catch!

Before April 15th of this year, Yang Cheng had already gone through the tax payment process "honestly". According to his income in the past fiscal year, if he really paid taxes according to the rules, he would not have to live now, but ok After spending all his income, consuming, investing, and doing charity, this set of standard tax avoidance procedures has gone through, and he still has to pay tens of millions of dollars in taxes for it. He is so distressed that he has not slept for several days sleep.

Of course, this refers to the tax he needs to pay personally, not the company's, so there is another set of procedures.

Now the main reason why the IRS is eyeing Yang Cheng is that he has made many overseas investments, some of which have already generated profits. According to the latest bill, these are required to be declared and paid taxes according to the regulations. But regarding this The IRS raised doubts about the tax. There is no doubt that Yang Cheng paid too little money, which did not meet his income.

Didn't special investigators come to the company to collect data?

Yang Cheng is confident to deal with this surprise inspection, but he is afraid that the IRS will stalk him, which will cast a shadow over his next series of investments, because he must always worry that the IRS will freeze his funds for some reason.

Sent a text message to Ruiz to report the situation at any time, sat back on the stone bench and shook his head with emotion, "This trick is really ruthless, draw your salary from the bottom of the pot, and yourself without funds is like a pot without firewood, no matter how many pots you have It can be cooked, but without a fire, nothing can be played.”

At first, I thought that the other party was giving me a chance, but now it seems that he has a comprehensive plan, and he really doesn't even give you a breath.

At this time, he didn't rush to contact his private accountant. Maybe the IRS has already targeted him there. Resisting not sending a message, he just had a simple communication with Ruiz, and then, he could only respond to all changes without change. Whoever put him in a cage now, no matter how powerful the tricks were, he couldn't use them.

But he couldn't do nothing. He got up and came to the iron door and window, leaned against the cold door, and said to the guard outside, "Please inform Cary, I have something important to see him."