Chapter 474: Chapter 253: David’s ‘Money Power’_3
“Everyone quiet down and listen to our Director speak; I assure you that you will receive a satisfactory answer!”
After Nisen’s words, the crowd indeed quieted down.
“Ahem.”
David cleared his throat and said, “First, I want to make one thing clear: we have obtained evidence that Disney is suspected of evading taxes during its acquisition of the 20th Century Film Company, involving an amount up to several billion US dollars. Disney’s person in charge has refused to cooperate, so I have ordered the seizure of all Disney properties, which is absolutely in accordance with the law.”
Upon hearing this, the dia reporters on-site and netizens online finally understood.
It turned out that Disney’s alleged tax evasion case was indeed related to that acquisition.
But with tax evasion amounting to several billion US dollars, if the fines were to be added as well, it could amount to over a hundred billion…
Just thinking about such a trendous sum, countless people across the nation were suddenly tongue-tied.
“Secondly, before we seized Disney’s assets, we had already prepared a follow-up plan for the vast number of employees. We understand that Disney’s tax evasion has nothing to do with you employees, and once we actually proceed with the seizure, your interests would be seriously hard.”
“Therefore, we will offer a compensation sche. We will first allocate a sum of money from the treasury, which will be issued to the Departnt of Labor for the period of closure.”
“You can apply for a shutdown compensation amount at the Departnt of Labor, and the compensation will be based on how much you previously earned daily—that is what you will receive!”
As the words fell, the venue went quiet for a mont as countless individuals wore puzzled looks, carefully pondering David’s words,
But in just about a minute’s ti, the employees beca ecstatic.
Disney had also promised them closure compensation, but that money would only be distributed after the company had resolved all its troubles.
In other words, it wasn’t even the beginning of the process.
Whether they would receive it was still in question.
But it was different with the IRS—there was plenty of money there.
Moreover, David had assured that a sum of funds would imdiately be allocated from the treasury and then distributed to the Departnt of Labor.
According to the current situation, they would definitely be able to receive this compensation money quickly once they applied.
But that wasn’t even the most crucial point.
David also stated that the compensation would be based on their wages.
In other words, although they were temporarily unemployed, as long as they could receive the sa wages, wouldn’t it be like money falling from the sky while they lay at ho?
Who wouldn’t be delighted by such good fortune?
“My God, there are more than a hundred thousand Disney employees nationwide. If compensation is distributed according to what Director David said, how much money would that be?”
“Director David alone has scraped together nearly 10 billion US dollars from the major film companies. Now, this compensation seems to involve a large number of people, but in reality, if it doesn’t result in stopping business for a year and a half, it wouldn’t even use up a few billion.”
“I finally understand why Director David is so confident to seize a company that has more than 200,000 employees; it’s all because of ‘financial power’!”
At this mont, the internet exploded.
Countless netizens also envied the shutdown compensation money that Disney employees could receive.
This was like paid leave; they were ecstatic!
And not just in Los Angeles.
At this mont, Disney employees nationwide had switched from their previous indignant state to an overjoyed stance.
But as the saying goes, joy for so is sorrow for others.
New York, in the villa near the southeastern coast of the Atlantic.
“Fake!”
“Damn it!”
Tatel and Zakri, who had thought David would be in deep trouble this ti, nearly burst a blood vessel in rage upon hearing David’s announcent.
The reason they weren’t panicking about their entire industries being seized was that by relying on the employees’ dissatisfaction due to shutdown, they hoped to cause significant trouble for David and the Western Suburb Branch.
But now, the Western Suburb Branch directly announced they would allocate money to give these employees closure relief funds.
The employees couldn’t be happier.
Naturally, their own plans were now bankrupt.
They now had to accept the losses due to the company’s closure, and they hadn’t caused any damage to Weihe Western Suburbs Branch; they had taken a huge loss.
As for Bennett, he wasn’t looking any better. He finally understood why David was so fearless; the fallback plan was this.
David was certain they wouldn’t dare halt business for too long; that’s why he brazenly offered this layoff pay. It was too cunning!
“Wait a minute…”
Tatel seed to have thought of sothing, turned to the others and said, “The treasury’s funds, without the permission of Congress or the Departnt of the Treasury, cannot be tampered with by the IRS. Can we now accuse them of overstepping their authority?”
In Arica, every departnt has its duties.
The IRS’s duty is to collect taxes.
But theoretically, they do not have the right to allocate the collected taxes. They can only be used after permission from Congress, the Departnt of the Treasury, or the White House.
That’s why he thought this point could be leveraged.
Upon hearing this,
Zakri and Bennett’s eyes also lit up.
But in just a short while, Bennett’s face darkened, and he shook his head, saying, “I suspect that this shutdown money isn’t coming from the treasury funds. This money is probably allocated from the nearly 10 billion US dollars in fines that David extracted from the various big movie companies.”
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