American Tax Officer

Not long after, the proportions for the four options came out, with option 1 taking 20%, option 2 taking 30%, option 3 taking 45%, and option 4 having the least, at only 5%.

Although the results seemed unequal, in reality, they could be understood.

Even though Disney was a large corporation, considering David's past tactics coupled with the various powers of the IRS, the likelihood of resisting sanctions and escaping unscathed was very slim.

Of course, David, who was still in his office at this time, had no idea about everything happening on the internet.

Okanji had already been brought in and was sitting face to face with him.

"Mr. Okanji, you surely understand the reason why I've called you here. I don't want to make a big fuss, so I'll give you one final opportunity. Just like the other major film companies, pay the fine you owe according to my wishes, and we can all live peacefully. Otherwise..."

David didn't finish his sentence, but the threatening tone in his voice could not be concealed no matter what.

In fact, with the evidence he now possessed, he could have enforced action against Disney. Continue reading at empire

But Disney was, after all, a powerhouse in the domestic entertainment industry and controlled many media outlets. Taking action would inevitably spark a whirlwind of public opinion.

Now, having summoned Disney over, it was different.

The Western Suburb Branch didn't want to get rough and had summoned you to negotiate in good faith, giving you one last chance. If Disney remained stubborn, then nobody could blame me, David, for taking forceful measures!

"Director David, we at Disney... don't know why the 6 big companies would pay the tax evasion fines, but our taxes are in order!"

Okanji inwardly bemoaned his predicament. If it were up to him, he would have taken the easy way out long ago, rather than face the immense pressure of confronting the IRS.

But now, it was the bosses behind him who didn't want to compromise, and of course, he didn't dare take any unilateral decisions.

"No problems, you sure?"

Facing David's inherently intimidating demeanor, Okanji felt a chill in his heart but still gritted his teeth and replied, "Yes, Director David, our tax department has checked from top to bottom, and indeed, there are no problems!"

"Since you say there's no problem, then what about the acquisition of the 20th Century Film Company by the Fox Group? What's the story there?"

Upon hearing this, Okanji's scalp tingled. He knew David would surely bring up this issue.

"Speak!"

"It's really no problem, it's just a regular acquisition that complies with all procedures and regulations. We also have the approval documents. Would you like me to have someone bring them over for you to review, Director David?"

Seeing the other party still playing dumb, David didn't waste any more words. He opened the drawer below and took out a stack of documents, throwing them onto the table, saying, "In 2019, you acquired approval from the regulatory authorities to purchase the 20th Century Film Company from the Fox Group for 71.3 Billion US Dollars, which is fine."

"But we've thoroughly reviewed all the data and pointed out during the trials of those celebrities that, at the time, the Fox Group inflated their market value through fraudulent accounting, and indeed, their business was on an upswing, so based on the market value at that time, it should have been worth 85.1 Billion US Dollars."

"So if we were to calculate based on the true value of the acquisition, you'd have to pay several billion more in acquisition taxes..."

At this point, Okanji's complexion had completely changed.

As the Vice President of Disney, he was well aware of the issues with that acquisition.

If there really were no issues, they wouldn't have been so shaken when this matter was brought up the day after the Oscars ceremony.

"But you were clever, opting to make an account of the net debt for the 20th Century Film Company and using the repayment of this net debt as a reason. This allowed you to evade the acquisition taxes worth billions. I'm right, aren't I, Mr. Okanji?"

With the file documents right in front of him and David's description so clear, Okanji had no rebuttal left and could only maintain a silent demeanor.

"Mr. Okanji, regarding Disney's tax evasion using net debt, we now have ample evidence. However, the reason I've asked you here is to offer you a chance, which I hope you will take seriously. Do you understand?"

Okanji replied with a bitter expression, "Director David, as you know, I'm just an employee..."

"Don't give me that. If you can't make the decision, call your boss right now and get him to respond to this matter!"

"Well... okay!"

With a sense of helplessness, Okanji took out his mobile phone and dialed a number: "Mr. Bennett, I'm at Director David's office right now, and we... have found some problems..."

Simultaneously, in New York, inside a luxurious villa, a white-haired old man sunbathing furrowed his eyebrows and responded, "Hand the phone to him."

Okanji passed the phone to David, who didn't hesitate to take it and speak directly, "This is David."

"Director David, I am Bennett Disney, and Disney is one of my family's businesses."

"Mr. Bennett, as your Vice President Okanji has indicated, there's been an issue found with your company's books, suspected of tax evasion to the tune of several billion. What are your thoughts on this matter?"