Donald Trump Investigated For Tax Evasion

2024 Author: Steven Freeman | [email protected]. Last modified: 2023-12-17 08:15

An explosive article published earlier in the week by The New York Times that exposed the alleged strategies used by Donald Trump and his father to increase his fortune have prompted the New York tax authority to open an investigation against the 72-year-old president..

"The tax department is reviewing the allegations in the New York Times article and vigorously developing all avenues of investigation," James Gazzale, spokesman for the New York State Tax Authority, told Bloomberg.

The newspaper says that the investigation reviewed 100,000 documents, including Trump's tax return. As a result, it was determined that the President and his brothers received Charles Harder, one of Trump's lawyers. "The New York Times allegations of fraud and tax evasion are 100 percent false, and highly defamatory," the lawyer exclaimed in a statement sent directly to the newspaper.

"No one committed fraud or tax evasion," Harder continued. "The facts on which the Times bases its false allegations are extremely imprecise." For his part, the president turned to his official Twitter account to whip the "failed" New York Times saying. 'They are doing a very old, boring piece that has been told about me several times. If we add this up it means that 97% of their stories are really bad. They have never recovered from their wrong predictions for the elections!”

The article assures that Trump and his four brothers and sisters inherited a fortune of 1,000 million and that according to the tax law of that time, 55% of said fortune corresponded to the treasury, according to the gifts and inheritances law. But, according to the reviewed documents, Trump and his brothers paid only 52.2 million in taxes, that is, 5 percent.

The way they evaded taxes, he assured himself, was through “ghost” companies and the devaluation of the family's real estate, among other strategies.