United states tax collector

Chapter 310 Dumb Mason, you are crazy!

"Okay, I will convey your words to them!"

About two hours after he ended the call with Sean, David's phone rang again, and when he saw that the caller ID was Donald's number, his mind immediately lifted.

Could it be that the efforts of the Angsa Group have yielded results?

Is it so efficient?

Without thinking too much, he immediately pressed the answer button with anticipation: "Deputy Director Donald."

"David, regarding whether to transfer you to the General Administration, all our senior leaders have the same goal, but you have to complete a task first."

"What mission?"

"Finished the mute mason!"

"Deal with the dumb Amazon?"

David was a little confused.

Of course he knows about Amazon. It is the world's largest e-commerce platform, with a market value of nearly 2 trillion, and its founder, Jeff Bess, has been the world's richest man four times, with a personal net worth of more than 100 billion. US dollars.

But having said that, although Amazon is a giant company in the United States, there are still companies at the same level as him. Why did the senior management of the General Administration name him to start this one?

"This is a thorn in the side. I will send you information about the mute Amazon later. As long as you can handle them, you will be transferred to the General Administration immediately!"

"Okay, I accept it!"

Amazon is a giant company, and it will definitely take a lot of effort to get them, but since the General Administration said that he can be transferred to the General Administration as soon as he gets it done, it is worth doing anyway.

Not long after the call ended, David received a document about the mute Amazon in his mailbox.

After reading more content at the front of the document, he finally understood why the General Administration asked him to name Amazon, the e-commerce giant.

Because according to Amazon’s financial report data in the past few years.

In 2017, Amazon’s revenue was US$177.87 billion, profit was US$5.6 billion, the federal tax rate was -2.5%, zero tax was paid, and it received US$137 million in tax refunds from the government.

In 2018, Amazon’s revenue was US$258.22 billion, profit was US$11.2 billion, the federal tax rate was -1.2%, zero tax paid, and it collected another US$129 million in taxes from the government.

In 2019, Amazon's revenue was US$280.5 billion and its net profit was US$11.6 billion. Perhaps due to pressure, Amazon finally paid taxes in 2019, but the amount was not very high. It paid a total of US$162 million in federal taxes.

As for 2021, due to pressure, Amazon also took the initiative to pay some taxes.

However, after all the taxes from 2017 to 2021 are added up, the tax paid by Amazon is actually still 0, because he studies tax policies every year and receives tax rebate subsidies from the government. In other words, in the past few years Not only did Amazon not pay taxes, but it also made a lot of subsidies by relying on tax policies and loopholes.

"Is this mute Mason so outrageous?"

David had not done any investigation on Dumb Mason, but now that he saw this information sent by the General Administration, he understood how outrageous Dumb Mason was.

As we all know, there is a famous saying in the United States that only death and taxes are inevitable.

But this sentence does not seem to apply to the current mute Amazon.

You know, in most companies in the United States, even if you have a background, you still have to pay more or less to the IRS.

Just like Apple, although they avoid most of the tax through various means such as overseas registration and policies, they still pay at least several billion in taxes to the IRS every year.

But you, the mute Amazon, are fine. You don't have to pay a penny, but you still take money from the IRS every year?

This is more than just a thorn in Donald's mouth, he is simply an assassin!

In order to thoroughly understand this dumb Amazon's tax avoidance method, David read this information almost word for word in the following time.

After more than an hour of searching, he finally understood the tax avoidance methods of Dumb Amazon.

First of all, in order to maintain its position as a technological superpower, the United States encourages innovation and development, so R\u0026D investment can apply for tax deductions. Amazon’s R\u0026D investment accounts for about 7% of employee wages and benefits, and it has always been at the forefront of technology giants. It relies on it every year. The R\u0026D tax deduction avoids 23% of the tax.

Secondly, Amazon began to develop its European business before 2005. At that time, the United States still imposed global taxation, with a federal tax rate of 35%. The repatriation of overseas income required tax to the United States, thereby reducing foreign taxes and retaining profits abroad. It was Amazon that completed its business reorganization in the European market in 2006 and established a tax avoidance structure of an American-Luxembourg operating entity - a Luxembourg shell company.

This is the same way Apple and most other companies avoid taxes.

Finally, rely on stock waiver deductions.

Many companies will issue stock options to senior employees in lieu of salary, and the value of the corresponding stock options can be used as a cost deduction for the company.

The higher the company's share price, the greater the costs that can be deducted.

The way most companies operate is to buy back shares first, push up the stock price, and then distribute them to employees.

Amazon is different. It does not buy back shares from the stock market, but prints them out of thin air.

The real victims of this behavior are Amazon shareholders, as their existing shares will lose value as Amazon prints more shares to employees.

This strategy will work as long as Amazon's stock price rises.

In the past 20 years, Amazon's annualized rate of return has reached 37%, and its stock price has increased more than 800 times.

By issuing free stock to employees, Amazon offset tens of billions of dollars in federal taxes in 2018 alone.

As for why Amazon can receive tax rebate subsidies?

Like China, many states or localities in the United States provide some tax incentives in order to attract investment or companies to settle in.

As a result, Amazon relied on its reputation and scale effect to invest heavily in computers, data centers and warehousing and distribution centers across the United States.

According to statistics, between 2005 and 2021, Amazon received more than US$1.347 billion in tax subsidies from local governments through this method.

"It's really a good idea!"

After learning about Amazon's tax avoidance methods, David couldn't help but be a little convinced by this company, and he finally understood why the General Administration insisted on him to deal with this prick first.

It is estimated that the General Administration has long hated Duma Amazon, but because this company has done a good job in legal tax avoidance and has the support of the Freemasons behind it, it can only endure it again and again.

But now the Angsa Group is obviously exerting a lot of pressure on the General Administration. When the General Administration sees that the Angsa Group is determined to establish a Freemasonry, it will just take action on the Dumb Mason, which can be regarded as a solution. Years in one breath!

Putting away his thoughts, David picked up the phone: "Call Bucky Simone Neeson to come to my office."

Five or six minutes later, there was a knock on the door, and three people walked in one after another, looking at David with a look of 'waiting for your orders'.

“Have you ever heard about Duma Amazon’s tax situation?”

"Dumb Mason...?"

The three of them paused, and then Simmons spoke first: "Although I didn't know it carefully, in 2018, our former president sent a tweet about the mute Amazon. At that time, he accused the mute Amazon of Not only did such a large company not pay taxes, but it repeatedly took advantage of the government. Later, it even said that it would introduce a bill to target Amazon, but then nothing happened. Now that I think about it, it should be suppressed. After all, as the world’s largest e-commerce giant, Amazon’s network of connections is certainly extraordinary.”

"Didn't Dumb Amazon pay taxes? Are you still taking advantage of the government?"

Upon hearing this, Bucky also raised questions.

He also didn't pay attention to Amazon's tax situation.

But in his opinion, for such a big company, you don’t say you have to pay taxes honestly and in full, but you also have to pay some amount to take care of the IRS, right?

Why do you think you're taking advantage of them now?

Is this simply a royal method?

Are there any laws?

"Yes, I heard that by manipulating local tax policies, they can not only avoid a large amount of taxes every year, but also get a lot of tax subsidies from the local finance."

"seriously?"

"This is the tax document about Duma Amazon sent by the General Administration. Come and take a look and you will know!"

After listening to David's words, Bucky didn't bother to ask any more questions and came to the computer first, and Simon Nissen was not slow and followed closely.

About ten minutes later, Bucky, who had finished reading the whole thing, suddenly became very angry and cursed: "Fuck, this mute Amazon is really outrageous. Even if he hasn't paid a single tax in so many years, he still pays..." Did you take that much money from us?”

Although he has not investigated Dumason's tax situation, this is a document sent by the General Administration, and it must be correct.

It lists in detail the annual tax situation of Amazon, and finally concludes that Amazon’s tax payment is 0 and the tax subsidy it received is 1.347 billion US dollars. How can he let such an exaggerated and outrageous ratio Not angry.

"How dare this bastard!"

"Director, what does the General Administration mean by sending this document... to let us take action against the mute Amazon?"

David nodded.

"Okay, if that's the case, then the good days of this mute Mason are over!"

Although Amazon is a giant company in the United States, even the Disney family, Swiss banks, and the Illuminati have fallen into their hands. Neeson is naturally very confident to deal with them.

"Oh, by the way, let me tell you something. The General Administration has said that after we deal with the mute Amazon, we will be able to enter the General Administration immediately, so you understand, right?"

The three people who were still gnashing their teeth with hatred for Mute Mason were shocked after hearing this, and there was a faint excitement in their hearts.

To be honest, the three of them were also quite disappointed after they went to the General Administration to report their work and failed to get a signal from the General Administration to transfer them.

But now after hearing this promise, the disappointment in their hearts was instantly wiped away, and they were even more motivated physically. They wanted to kill the mute Mason immediately and use it as a stepping stone for them to enter the General Administration.

"Okay, don't be stunned. Let's invite the heads of the Los Angeles branch of Amazon to come back for coffee!"

"clear!"

The three of them stopped inking and stepped out of the office vigorously.

Long Beach District, financial center, Amazon branch office building.

It was exactly three o'clock in the afternoon, and the employees here were still working hard. But suddenly, a group of people broke in and broke the tranquility here.

"From the Internal Revenue Service, we would like to ask your Amazon branch manager, financial director, and tax director... to come back with us and cooperate with the investigation!"

When they heard that it was from the Internal Revenue Service, many employees present showed scared expressions. When they saw that the leader was actually the "Three King Kongs" under David, the top leader of the Los Angeles Internal Revenue Service, everyone's heart suddenly skipped a beat.

In everyone's current understanding, Simmons, Bucky, and Neeson are the incarnations of David and represent his own will.

And with the previous incidents such as the Sackler family, the Disney family, Swiss banks, and cryptocurrencies, David actually wants to attack the mute Amazon this time. How can it be such a small thing?

It’s definitely not too small!

"What's going on? Is there any problem with our dumb Amazon's tax?"

Such a big movement naturally disturbed the senior managers of Amazon's Los Angeles branch. They all walked out of the office and looked at Nissen and the others with uneasy eyes.

"I didn't say you had a problem, but would it be okay to cooperate with our investigation?"

"This... of course is no problem."

Although these senior officials were a little reluctant in their hearts, when they thought that this was David's order, how could they dare not agree to it.

"Then let's go."

Nissenbaki and others took the senior executives of the Dumasun branch downstairs and took official cars back toward the bureau.

The incident of Amazon's Los Angeles branch was witnessed by so many people, and the news spread quickly, and the media and netizens immediately went into a frenzy.

"My friend, wasn't it rumored that Director David was going to take some time off to recuperate? Why did he suddenly take action, and the birth was still such a hot news?"

"Although we have only summoned a number of senior executives of the Los Angeles branch of Amazon, but since we have already taken action against the Los Angeles branch, it is equivalent to a 'declaration of war' on the entire Amazon group!"

"Hahaha, it is said that this mute Mason has not paid a dime in taxes for so many years. It is no wonder that Director David attacked him!"

"Mason has never paid a dime in taxes. Is this true?"

"Really, in 2018, our former president even dissed Amazon on Twitter about this, but it seemed that some force interfered later, and finally nothing happened."

"Is that so? That's going to be a great show!"

David has been messing around for a while, which has caused many people to lose their enjoyment and become a lot less interesting to watch. Now that such a big news suddenly came out, this naturally made these people instantly excited.

And after they learned that Dumb Mason seemed to have never paid taxes for so many years, many people showed an attitude of indignation.

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like