Chapter 587: The Cash Auction (2/2)
”Got great gains—do you want to coet soen of even a piece of sht after two ain”
Li Du laughed loudly ”You just haven't got the kno”
Hans countered, ”Did Big Quinn and Godzilla find anything? What did they find?”
Mr Li becaed to find sht
Noting his silence, Hans guffawed
”Stop laughing, why did you call?” Li Du asked in frustration ”It can't be just to ask aboutcrap with you that I alot the hed, ”Don't cuss atwas that I've sold all our sports equipot for the, ”A million?”
Silence came from Hans's end of the line
It was Li Du's turn to laugh ”I'ood price? What else can you tellabout that rand?”
After a while, Hans's listless voice could be heard ”I was quiet because I was irritated by you Irritated because you underestimated my ability”
Li Du was shocked ”What?”
Hans said, ”The whole set of autographed footballs, I sold them for 240,000 dollars!”
Li Du was du me!”
”Come back and see the account statements for yourself This time we'll have to pay quite a bit of taxes The sales of all the sporting goods totaled at 166 asped, ”166 million dollars? You sure it's USD and not Thai baht or Zimbawee currency?”
”I'll show you the books when you get back The second thing I a to be a cash auction in Las Vegas in two days Wanna try it out?”
Li Du had yet to recover from the moment he'd found out that a pile of balls and a fewprice of 166Hans's question, he said casually, ”As long as there is a chance to o”
”Of course! Of course there's a chance to make money Every time there's a cash auction, someone makes money”
Li Du suddenly reacted and asked, ”Cash auction? What does it uaranteed chance at profits?”
Hans explained, ”Yes, only cash can be used To participate in the auction, we gotta bring enough cash Why is it a guaranteed chance at profits? Because cash auctions usually seeauctioned off, and so the chances of her!”
Cash auctions were a type of large-scale storage auctions; cash was the preferred mode of payment so that the seller could evade taxes
With the proliferation of online transactions, it was even easier for the Internal Revenue Service to check on accounts Many auctions used online banking to carry out transactions; all the IRS needed to do was check the online statements with the banks
Cash transactions meant that there was the chance to falsify accounts and evade taxes Large-scale storage auctions would see large su transferred Tax evasion could help to save a significant amount of money