Chapter 298 Selling Myself to the IRS

As the documents and materials continued to come in, David's eyes gradually changed from the original calm to sharp, and then he looked straight at Zhao Changpeng and asked: "Mr. Zhao, are you sure that the amount calculated in your tax document is not wrong?"

It's not that the amount above is less, on the contrary, he feels that it is a bit beyond his expectations.

Binance's market value is currently close to 400 billion, and according to the data on this document, the amount of illegal transactions involved and some taxes to be paid have added up to 15 billion.

From the Illuminati, he only calculated 20 billion in taxes.

But you know, the market value of Bitcoin is more than twice that of Binance, but now the tax amount of the two is only a quarter different, which is not very normal.

Either Zhao Changpeng made a mistake in the calculation, or he voluntarily paid more.

But then again, businessmen are profit-seeking by nature. Even if they have to, they will also be eager to pay less tax. Why pay more?

Just when he was puzzled, Zhao Changpeng smiled and said, "That's right, because when we were doing the statistics, we discarded many legal tax avoidance regulations. In addition, we didn't calculate the 3 percentage point discount that you mentioned before, but calculated it according to the amount of tax that needs to be paid."

"Oh? Why is that, Mr. Zhao?"

David finally understood why Binance counted more than 15 billion, but at the same time he was even more confused, not understanding why the other party was so eager to send money.

"I think since we are part of America and this money is earned on this land, we should take it from the people and use it for the people, pay more money and make more contributions to this society!"

Looking at Zhao Changpeng's righteous look, David couldn't help but murmur in his heart, is this guy really so conscious?

But he quickly denied this idea.

If someone who can become the richest Chinese in just a few years really has this kind of social responsibility awareness, he would have shown it long ago, and why would he need him to name him to show it.

Then there is only one possibility, this Zhao Changpeng may have something to ask of him!

Thinking of this, David also said directly: "Mr. Zhao, it's rare that you have such a heart and cooperate with our National Tax Bureau. If there is anything you need help with, we don't mind within the scope of our authority."

Zhao Changpeng was delighted. He was still thinking about how to start, but he didn't expect David to take the initiative to speak first, and then he said: "To be honest with you, Director David, we Binance... really have something to ask you to help."

David secretly said in his heart, "Sure enough", and then said lightly: "Tell me."

Zhao Changpeng and Lin Huaide looked at each other, and then said with a little trepidation: "To be honest, the Ministry of Justice has been investigating us recently, and we are under a lot of pressure, so..."

"Wait..."

Before the other party finished speaking, David interrupted: "Mr. Zhao, the help I just mentioned refers to the scope of authority. Since it involves the Ministry of Justice's investigation of you, then I have no right to interfere. I'm sorry!"

Collecting taxes is collecting taxes, but he is definitely not interested in intervening in matters that involve the responsibilities of other departments.

Zhao Changpeng was anxious and said quickly: "Director David, the Ministry of Justice is coming with such force this time that it is clear that they want to destroy us. Once our Binance collapses, your IRS will not be able to collect taxes from us anymore, but at least it will be greatly discounted, which will be a loss for you!"

"Losses are losses, but this is the Ministry of Justice's business after all. Our IRS has no reason to intervene. I hope you can understand, Mr. Zhao..."

Seeing that David still looked like he was refusing, Zhao Changpeng was frustrated. He looked at Lin Huaide beside him and confirmed that his good friend After listening to some of his friends' ideas, he seemed to have made a decision and gritted his teeth and said, "Director David, I think your IRS should need me!"

David raised his eyes and asked, "What do you mean?"

"I dare to assert that although you have dealt with Satoshi Nakamoto and received 20 billion US dollars, this is definitely not an accurate number, but just an approximate number. Am I right, Director David?"

"Yes, so what?"

The Bitcoin market is so large and involves various encryption technologies. It is naturally impossible for the IRS to completely calculate an accurate number.

And the 20 billion calculated in the end was only a number that David came up with after examining the Illuminati and analyzing the intelligence department.

As for whether there are omissions?

The answer is definitely yes.

But because he has already reached the general psychological expectation, he is too lazy to continue to investigate.

This will not only consume a lot of his energy, but if he has this time, he might as well take the time to deal with things like Binance and Ethereum, which will be more valuable.

"Based on the current environment, the potential value of cryptocurrencies has not been fully tapped, and will certainly continue to rise in the future. By then, the market value and revenue of each company will also surge, but it is hard to say whether they will play tricks on the tax side. Do you, the IRS and your Commissioner David, have the energy to keep an eye on the cryptocurrency world?"

"So what do you want to say?"

“What I want to say is that as Binance is the world’s largest cryptocurrency trading platform, all cryptocurrency transactions will be conducted 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 was a no-brainer solution that Zhao Changpeng and Lin Huaide came up with after they calmed down last night.

The reason why it is said that there is no solution is because once it is done, it 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 now very tight on them. If there is no external force to intervene, then it will be easy for him to lose control of the company. At worst, 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 when he heard 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 now is like killing them. If Bitcoin reaches a higher level in the future, will these people honestly pay the IRS tax 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 say you can regulate the cryptocurrency community 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 does not want to be treated as a cheat.

"It's simple, because we have no support in the United States. Otherwise, the Department of Justice wouldn't mess with us!"

The underlying meaning of Zhao Changpeng's words is actually telling David, if you protect me, you will be my support in the future.

And I left you, or whatever, and the Department of Justice was going to keep messing 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?"

This matter has not yet been made public by the media, so he doesn't quite understand the situation.

"There is a saying in China, 'Those who are not of our race must have different hearts.' It is the same here in the United States!"

At this point, Zhao Changpeng's eyes showed a trace of anger, 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 with one hand and thought for a while, then picked up the phone on the table: "Come to my office."

Soon, Keppel pushed open the door and walked in.

"Take the two gentlemen to the lounge for a cup of coffee first."

Although they were a little anxious to get a reply, 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 have given?"

"Don't worry Chang Peng. I have already seen it. He is obviously interested. But after all, this is a matter involving the Ministry of Justice. I think he should also ask their senior officials for instructions."

"Well, I hope their senior management will 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 officials will most likely agree."

"I hope so..."

The two guessed correctly. David was talking to Donald at this time because it involved the Ministry of Justice. If he wanted to intervene, he would have to memorize some books from the General Administration.

Otherwise, if someone finds out about 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..."

It can be heard that Donald is a little 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.

"So David, what do you think?"

"If Zhao Changpeng loses control of Binance, then Binance will definitely fall into the hands of other cryptocurrency companies, or be divided up. At that time, if these guys collude to fool us, it will be difficult for us to investigate, and even if we want to investigate, it will take a lot of effort."

From Zhao Changpeng's words, it can be heard that the Ministry of Justice is targeting their cryptocurrency company, and it is obvious that the other companies are all their own people.

What David is worried about is that once Zhao Changpeng is out, if those cryptocurrency companies get in touch, the taxes paid to the IRS will be shortchanged in the future, 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 cryptocurrency for us."

There was silence on the other end of the phone for about a minute, and then a voice came: "Are you sure you can deal with the Ministry of Justice?"

"I am a little sure."

The people in the Ministry of Justice are also human beings, and human beings will have handles, so David is naturally confident.

"In that case, do what you should do. I will communicate with the director about this matter."

"Okay, goodbye, Deputy Director Donald."

After hanging up the phone, David immediately asked Keppel to notify Zhao Changpeng and Lin Huaide to come over.

After the two pushed the door open, their nerves were tense to the extreme, fearing that David would reject them again, but fortunately, David's next words made them shrouded in great joy.

"Tell me, who is the person investigating you in the Ministry of Justice."

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 thought carefully in his mind, and there was no information about this person, and then replied: "So, after you go back..."

Ten minutes later, Zhao Changpeng and Lin Huaide walked out of the office door. The two looked at each other, both showing a gesture of relief and a wry smile.

Fortunately, they don't have to worry about being sent to jail or having their control of Binance taken away. As for the bitter smile, from today on, they have sold themselves to the IRS.

…

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PS: Many brothers said that they don't want David to help Zhao Changpeng, but I thought about it carefully and I really can't help him if the plot requires it. This is a deal where both parties get what they need. It can't be considered poisonous, right?