Home United States USA — Financial Factbox: How the Trump Organization cheated on taxes

Factbox: How the Trump Organization cheated on taxes

54
0
SHARE

Array
Former President Donald Trump’s namesake company was found guilty on Tuesday of scheming to defraud tax authorities.
Alan Futerfas, a lawyer for the Trump Organization, said the verdict would be appealed.
Here are some of the way in which prosecutors said the company and executives cheated on their taxes.
– The Trump Organization gave executives free, cheap and reduced-rent apartments that were not reported as income.
– Bonuses were paid as if executives were independent contractors, not salaried employees.
– Trump himself signed bonus checks from his Mar-a-Lago club in Florida, the Trump International Golf Club in Florida, and other Trump entities that could benefit from the deductions.

Continue reading...