SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Trump Victory in the Republican Primary
DJT 13.47+2.9%10:35 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: zax5/25/2016 11:08:07 PM
   of 1289
 
Donald Trump, draft dodging tax cheat, strikes again

Donald Trump signed off deal designed to deprive US of tens of millions of dollars in tax
Ruth Sherlock Edward Malnick Claire Newell 25 May 2016 • 8:12pm

telegraph.co.uk

Exclusive: US presidential hopeful Donald Trump signed off on a controversial business deal that was designed to deprive the American government of tens of millions of dollars in tax, the Telegraph can disclose.

The billionaire approved a $50 million investment in a company – only for the deal to be rewritten several weeks later as a ‘loan’.

Experts say that the effect of this move was to skirt vast tax liabilities, and court papers seen by the Telegraph allege that the deal amounted to fraud.

Independent tax accountants and lawyers said that the documents Mr Trump signed – copies of which were obtained by this newspaper as part of a three-month investigation - contained “red flags” indicating the deal was irregular.

But the Republican presumptive presidential nominee signed nonetheless. Bob McIntyre, director of the US-based Citizens for Tax Justice campaign group, said the disclosures raised serious questions about Mr Trump’s judgment as well as that of his advisers.

Mr Trump’s tax affairs have come under scrutiny in recent weeks when he broke with US political convention and refused to disclose his tax returns before this November’s presidential election.

</snip> Read the rest of this lengthy piece of investigative journalism here: telegraph.co.uk
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext