American Tax Officer-Chapter 543 - 275: Then Seal All Branches Nationwide_3

Chapter 543: Chapter 275: Then Seal All Branches Nationwide_3

Hearing this, David revealed a content smile, then he stood up and said to Ochoa, “Sorry Ochoa, but we now suspect you and your branch of tax evasion. Please come with us.”

Ochoa’s face changed dramatically, and he instantly asked, “Wait, Director David…how are we suspected of tax evasion?”

As they say, the home team knows their own game; no one was clearer about the illicit gains from his noncompliant loans than he. Could it be that he had been caught?

With this thought, panic began to stir within him.

David, with an expressionless face, said, “Don’t worry. Our IRS never wrongs anyone. Just come with us!”

“You… Alright, we’ll go with you. But if there’s a mistake, the IRS must take responsibility.”

At that point, Ochoa had no choice but to compromise.

“Of course.”

…

Outside the branch’s entrance, a large crowd of journalists remained on standby, ready to capture any breaking news, but in the next second, something shocking happened.

All the high-ranking officials of the bank were led out like prisoners.

“What… what’s going on here?”

“Could it be that Director David has arrested these bank executives for suspected tax evasion? No way!”

“With this setup, it really seems possible!”

“I think, Director David wouldn’t just use some petty excuse like tips or coupons to arrest these executives, right?”

Although shocked by the scene.

Both the media on-site and the online audience believed that David was deliberately targeting the Swiss Bank as retaliation for non-cooperation.

They were unaware of the tax evasion issues associated with the Swiss Bank’s CUUI and CUUO products.

Washington D.C., IRS Headquarters.

In the office, Obadiah and Donald looked somewhat solemn as they watched the Los Angeles IRS take away the Swiss Bank executives on the large screen.

As mentioned before, the Swiss Bank is not a domestic bank.

Taking away so many top executives in front of the media is clearly a direct attack, which will surely provoke severe protests.

This could even trigger diplomatic tensions between the two countries, putting immense pressure on the IRS.

“Deputy Director Donald, you have a call. It’s from Director David.”

As the office atmosphere grew tense, Donald’s secretary walked in with the message.

“Give it to me!”

Donald took the phone and said, “Hello.”

“Deputy Director Donald, this is David. You must have heard about the situation in Los Angeles. I now have another request.” David said on the phone.

“What request?”

“Please order the headquarters to mobilize the IRS offices in all major cities to seize all branches of the Swiss Bank and bring all executives back for investigation!”

“What!”

Upon hearing this, not just Donald, but also Obadiah, who had overheard the conversation, couldn’t help but twitch at the corner of his mouth.

You’re not content with just shutting down the Swiss Bank’s Los Angeles branch, you want to order the seizure of all its branches nationwide?

Wouldn’t that cause the Swiss Bank to explode?

But that wasn’t the worst of it.

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The Swiss Bank is one of the most crucial industries in Switzerland, if not the most critical!

And America is the Swiss National Bank’s largest overseas market.

If those branches were seized, the losses, unimaginable even if just for one day, let alone a fortnight or a month, would be incalculable.

The Swiss government would immediately protest in response.

The White House would then face immense pressure, to say nothing of the IRS.

“David, what are you doing? This can’t be done. The Swiss Bank is a lifeline industry for Switzerland. This action could cause a diplomatic rupture and provoke international outrage!”

Even before Donald could recover, Obadiah shouted into the phone…

However, David was not the least bit intimidated, replying, “Director, of course, I know this could cause a diplomatic conflict between the two countries. But if they truly are implicated in tax evasion, then they must also comply with our laws, right?”

“It’s useless; the evidence you’ve gathered isn’t compelling enough.”

Banks are experts at bookkeeping, especially a leading global bank like the Swiss Bank.

Therefore, they surely wouldn’t have any significant loopholes in terms of taxation.

Thus, both Obadiah and Donald felt that David was probably trying to intimidate the bank on the pretext of corruption, bribery, or something petty like tips and coupons.

However, from the perspective of the two countries, seizing all Swiss Bank branches nationwide based on these allegations was absolutely unacceptable to the Swiss authorities!

“Listen to me first, Director. After my investigation, I’ve found that among the current Swiss Bank products, two specifically are problematic…”

Without hurrying, David explained the shady details of the Swiss Bank’s CUUI and CUUO products.

After listening, Obadiah and Donald’s expressions softened a little, with the latter asking, “So you mean, the Swiss Bank attracted many of our depositors to put their money in these two products, yet the proceeds made between them have bypassed our IRS?”

“Yes.”

“Are you certain? Don’t make a mistake.”

“I am certain; otherwise, I wouldn’t dare to make such a scene taking people away.”