Chapter 810 406: Going to be Fleeced Again?
Amid the thoughts of all parties, David had already arrived at the New York Stock Exchange.
There was, in fact, a reason he chose to hold a press conference here.
As everyone knows, Wall Street is controlled by Jewish people, and the New York Stock Exchange, as the financial trading center of the street, naturally exists like its very soul.
By choosing to hold a press conference here and then announcing the investigation of the foundations, David was essentially like slapping The Big Three Groups in the face in their own home.
This was exactly the effect he wanted!
At the same time, he also wanted to announce to the world that, although the overseas tax evasion legislation had already come into effect, it did not mean an end to the battle.
In the time to come, he would still be committed to cracking down on the group of wealthy Americans who controlled most of the nation's wealth and yet evaded taxes the most!
"Inspector David, what is the purpose of holding a press conference here today?"
"Inspector David, it has long been rumored that you would conduct a tax review of Wall Street, and now that you are here, are you about to begin?"
"Inspector David..."
The media reporters, already 'desperate', saw David finally arrive and began to question him one after another with their microphones raised.
"Everyone please keep quiet, otherwise our Inspector David will not answer any questions!"
The scene was chaotic with questioning voices all over the place, and Erm had to step forward to stop it.
Although the media really wanted to understand David's purpose this time, they had to shut their mouths upon hearing this.
"I apologize for not informing everyone in advance of my arrival, but my presence here is, as many media friends here have guessed, correct, I am here for a tax review of this place!"
"What, a real tax review of Wall Street's tax situation is happening!"
"The IRS just introduced the overseas tax evasion legislation a few days ago, and now following up with a tax review of Wall Street, this is truly swift and powerful action."
"The overseas tax evasion legislation could be said to have caused heavy losses for us wealthy Americans, and now the IRS is taking action against Wall Street, these rich people are going to be hopping mad!"
As soon as the news broke, both the audience on the scene and those following online were all abuzz.
And members of The Big Three Groups, like Joshua, also had their faces turn dark in an instant.
"In my covert investigations these past few days, I have gained control over the JP, WK, AQM foundations, which have issues related to taxes. I now officially announce that the IRS will set up an investigative team, enter these foundations, and conduct a detailed investigation, the results of which will be made public to everyone!"
"What, the foundations have tax issues?"
"According to America's legal provisions, foundations are exempt from tax laws, and even the IRS has no right to investigate them, so what is going on!"
"JP, WK, AQM, these are Wall Street's heavy-hitter-level foundations, if they really have tax issues, that would be earth-shattering."
"..."
If David's announcement of a tax review of Wall Street just felt sudden to everyone, then the news of the foundations being investigated truly took everyone by surprise.
Because, as many people said, according to America's legal provisions, foundations are not regulated by the government or any department.
And any department, of course, includes the IRS.
Now David had brazenly announced an investigation of the foundations, an action that could be described as overstepping!
Morgan Bank headquarters.
Joshua had been keeping an eye on the live broadcast on his computer, but when he heard David would be investigating his foundation, he was stunned for a moment.
Once he regained his composure, he immediately looked at the assistant in front of him and asked, "Do you have anything to say?"
"Mr. Joshua, according to America's legal provisions, not to mention the IRS, even the government has no right to investigate our foundations, nor to request us to disclose foundation data, so we do not need to worry about this."
"That's true in principle. However, if that bastard dares to make such an announcement in front of the whole world, he must be confident in his claim. Think carefully, does our foundation have any loopholes, or could he have seized some sort of leverage on us?"
It was not Joshua's first encounter with David; in fact, ever since David began to target Nevada State Governor Stevenson, their war had already begun.
And after so many bouts of open and covert fighting, Joshua had come to understand David rather well, knowing that despite appearing brash on the surface, in practice, he was very meticulous. So, the opponent must have been sure of his position to make such a move!
The assistant thought for a while and then said, "The funds returned from the Federal Reserve's interest rate hikes, to escape regulatory scrutiny, we mostly first injected them into foundations, and from there, they were funneled to the electoral campaign teams..."
At these words, Joshua's frown deepened.
Before David appeared, he had guessed that the other party might be coming to cut off the electoral funding for their mid-term elections.
And now it seemed that was exactly the case!
Since their funds had to be transferred to the campaign teams of the candidates through their foundations, if their foundations were targeted, they would be unable to continue the transfers.
Such a malicious move!
"However, Mr. Joshua, you need not worry. As I've said before, according to the law the foundation will not be subject to any institutional constraints, they have no right to ask us for any data, and as long as we refuse to cooperate, they can't do anything to us!"
What do you think?
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