Chapter 1630 Vincent is investigated

It was Vincent who bailed them out. However, Vincent had been in a very bad state recently: Xiao Peng's talent for jinxing had once again been on display—when he gave Vincent the gold belt, he jokingly asked people not to accuse him of money laundering. Vincent had been stubborn at the time, but the result was that he was directly invited to have coffee with the IRS.

IRS is the Internal Revenue Service of the United States. All Americans may not be afraid of the person sitting in the White House, but no one is not afraid of the IRS.

Everyone here knows the saying, "The two unavoidable things in life are taxes and death." We have the most insane tax management system and legal constraints in the world!

Although the IRS is a private organization, it has dedicated tax police, and here the tax police have more power than ordinary police and judges!

If a person is in debt, no one can touch their personal property unless they are declared bankrupt. Even if they are declared bankrupt, only the property determined by the court can be confiscated.

And what about the IRS? If they discover tax evasion, they can freeze deposits, confiscate assets, and even seal off private homes. They also have the power to investigate and prosecute, allowing them to access anyone's accounts and deposits at any time, seize private property, and auction it off.

It is no exaggeration to say that in their eyes, the property of everyone here is transparent: the SWIFT system is one of their "weapons".

They also have various means of catching tax evaders, and they have a 24-hour "chicken blood" supervision method. For example, if a bank receives a cumulative cash deposit of more than 10,000 within 24 hours, it must fill out a business form to report to the IRS. If someone deposits no more than 10,000 US dollars continuously within 30 days, it will be reported to the IRS for money laundering and tax evasion and the IRS will investigate.

Just like a veteran in the entertainment industry in Daxia who went to the US to evade taxes by playing tricks, he was caught and fined and sentenced...

The worst part is that your tax records are entered into the credit system for your entire life and can be dug up indefinitely. Just like Vincent's tax audit, which dug up his tax records from thirty years ago.

Vincent had used many tricks in the early days of his business, and although the amount was not large, this time he caused a lot of trouble for the IRS.

"Xiao, you don't know! It cost me eight million to settle the previous matter. And this was the result of asking a lot of people for help!" Vincent said angrily after taking a sip of beer.

Xiao Peng was shocked when he heard this: "How much tax did you evade?"

"There wasn't any money back then!" Vincent said helplessly. "That was decades ago. I probably evaded over 3,000 yuan in taxes every year for three consecutive years."

Xiao Peng was stunned. "Ten thousand dollars in total? Even if the money was more useful back then, I shouldn't have fined you that much for this, right?"

Vincent said angrily, "It's not about the amount of the fine. They're threatening to put this on my credit list, which is really troublesome."

Xiao Peng nodded to show his understanding.

Americans rely heavily on their credit system. Renting, buying a house, buying a car, applying for a bank account, finding a job, and so on all require a credit check. A blemish on your credit can be a real challenge. For someone like Vincent, whose main source of income is WWE Entertainment, a credit issue would be a major scandal.

Xiao Peng asked curiously, "How did you get caught evading taxes back then?"

Vincent was almost gritting his teeth. "It would be fine if you didn't mention this, but now I'm furious! What other tricks does the IRS have? It's just undercover agents!"

"Pfft." Xiao Peng laughed. "Well, you're quite capable. I guess the undercover agent assigned to you should be a young and beautiful blonde, right?"

Vincent looked at Xiao Peng and wanted to refute him, but in the end he sighed: "Well, you are right!"

Xiao Peng laughed heartily: "Just be content. At least you have a beautiful woman to sleep with you. You're much luckier than Capone!"

Vincent looked helpless, but finally nodded.

Al Capone, the biggest gangster in American history, once the "King of Chicago," was so powerful that the police, judges, and the like were powerless. Finally, the IRS sent a man named Mike Malone to work undercover alongside Capone for years, catching him in tax evasion and bringing him to justice. As a result, the gangster, whose hands were stained with the blood of countless people, was not sentenced for murder and arson, but instead received an eleven-year sentence for "concealing personal income."

The IRS's best way of investigating tax evasion is through "role-playing." Their staff have played various roles in order to investigate tax evasion.

For example, Mr. Hu, who was once known as the "Emperor of Daxia City" and the "Pride of Chinese Americans" and who ran a restaurant chain, fell into the trap of the IRS: the IRS directly sent people to eat at Mr. Hu's restaurant every day, and through long-term consumption, observed the transaction methods of his restaurants, monitored emails, and used various other methods to determine whether he was evading taxes.

Here, even the dead cannot escape the IRS, just like superstar Michael Jackson who died in 2009. However, in 2014, the IRS found out that he had evaded taxes and made his descendants pay for them!

Vincent said angrily, "These IRS people are just being discerning! Low-income taxpayers are only checked about 0.5% of the time, but a third of those with annual incomes over 10 million have already been checked!"

Xiao Peng laughed and said, "Are you afraid of being investigated? Are your accountants just sitting there doing nothing? Isn't it because you were caught by someone before?"

Vincent said, "The key is that these grandsons have been 'raising fish'. When I was poor, I didn't make a fuss about it. I was just waiting to fatten them up before killing them!"

"You're thanking me now, aren't you?" Xiao Peng asked. "If it weren't for this incident, you don't know how long you'd have had to let them 'support' you! Besides, eight million isn't a drop in the bucket compared to your stock price surge."

After hearing this, Vincent sighed and said, "Yeah, that's when I think about it, I feel better."

Xiao Peng said, "Vincent, I need to trouble you with something."

"What?" Vincent asked in confusion.

Xiao Peng said, "I have to go back to attend a wedding first, but Bruch and Khedira will stay here for a while. I need your help to deal with their current legal issues."

"This is a small matter." Vincent said, "Your problem is more troublesome."

"Me? What's wrong with me?" Xiao Peng was puzzled.

Vincent said, "When I bailed them out, my lawyer told me that he had found out through his own channels that they were planning to hold you accountable. They're now looking for evidence to prove that you ordered Bruch and the others to do this."

"Me?" Xiao Peng was completely confused. "I didn't shoot, what's it got to do with me?"

Vincent asked, "Do you know who the woman you injured is?"