Feedback

Tax authorities of New York investigate Trump's fraud allegations

The announcement comes after New York Times reported that the U.S. President and siblings helped their parents dodge taxes
16:15, 3 October 2018

AFP

New York state authorities are investigating Trump’s engagement in “dubious tax schemes during the 1990s, including instances of outright fraud”, after the report of the New York Times, as he and his siblings took control of a real estate empire which Fred C Trump, the president’s late father, built, as The Guardian reports.

“The tax department is reviewing the allegations in the NYT article and is vigorously pursuing all appropriate avenues of investigation,” the New York state taxation authority informed the Washington Post.

Related: Trump welcomed new United States-Mexico-Canada Agreement Deal

The blockbuster investigative report reveals the story of how Trump “received the equivalent today of at least $413m from his father’s real estate empire, starting when he was a toddler and continuing to this day”.

“Little of the information had previously come to light. Its publication, which was subject to blanket denials by a lawyer for the president and by the White House but which was not refuted in detail, fundamentally alters the visible facts establishing the centerpoint of Trump’s identity: his wealth,” the message says.

Related: Trump intends to seek payment from allies for military support

The investigation did not unearth Trump’s tax fillings, as he himself refused to disclose.

“The story of a nine-figure inheritance contradicts Trump’s portrayal of himself, going back more than 40 years, as a self-made man. He has characterized his father’s real estate empire as a “tiny” concern and said he only ever took a $1m loan from his father, which he paid back with interest,” the news agency reads.

In the interview, the U.S. leader said: “I got peanuts. My father didn’t leave a great fortune. It was Brooklyn and Queens real estate. I built this empire and I did it by myself. Nobody did it for me.”

Related: Trump isn't interested in Ukraine, - ex-State Secretary of U.S.

Topics:
Система Orphus

If you find an error, highlight the desired text and press Ctrl + Enter, to tell about it

Comments
see more