[ad_1]
FROM OUR CORRESPONDENT
WASHINGTON Debts are real. The losses, perhaps, were inflated. The deductions, creative. The monumental investigation of New York Times It certainly proves one thing: Donald Trump’s true art is not “doing business,” as he boasted in his 1987 autobiography, but not paying taxes.
The numbers are sensational. The billionaire president paid just $ 750 in 2016, the year he ran for the White House, and another 750 in 2017, that is, at the beginning of his mandate. For ten years, of the previous fifteen, he managed to write “zero” in the box for the amount owed to the tax authorities. And from 2000 to 2017, it paid $ 1.4 million a year, compared to $ 25 million paid by the wealthy taxpayer category.
How was this possible? GRAM.The United States is considered one of the strictest countries in tax matters.. The hard-line model, “jailbreakers” and so on. But obviously this is not always the case, especially for large groups that can afford expert tax advisers and attorneys like magicians.
The Trump Organization is divided into five sectors: hotels; the real estate sector with 24 towers of apartments for sale and rent in the United States and another eight around the world; 18 golf courses and clubs; vineyards and more. If we take the last available state, that of 2017, all these assets would have accumulated a loss of $ 47.4 million and debts of $ 287 million to be repaid in the next four years.
These are the numbers of a failure. All activities are shown in red. Golf courses, for example, would be reduced by 162.3 million dollars (period 2015-2017). The Trump Hotel in Washington, the magnificent post office building acquired in 2015, loses $ 55.5 million. The real estate sector, rentals and sales, closed the balance with minus 134 million.
Trump asked and got a giant tax credit of $ 72.9 million to make up for the failure of his Atlantic City casinos in the late 1990s. The rules allowed him to extend the “bonus” to lower the tax base between 2005 and 2009. But inspectors from the Internal Revenue Office (IRS) opened an investigation in 2011. verify that no irregularities have been committed. The letters are also final in a committee of Congress. It is a risky game. Trump, for his part, has acquired a 5% stake in the company reborn from the bankruptcy of gambling houses. Now he could be forced to pay back about $ 100 million, including interest.
The American leader rightly argues that tax returns do not contain the actual valuation of your assets. Some information can be found in the 92 pages of their properties submitted to the Federal Election Commission in May 2016. Here for example, the value of golf clubs such as the Jupiter, Doral or the famous Mar-a-Lago is estimated, on average, at 50 million of dollars each, with revenues between 10-15 million dollars per unit. But everyone seems lost on the tax return.
One of two: Trump inflates his business in public view or downgrades him to tax authorities. Or he could do both, until he managed to keep his tax records secret.
X-ray of the New York Times indicates that the mogul benefited from the profits associated with his program over many years The newbie: 427 million in earnings as of 2004. For the rest, your accountants have exhausted the inexhaustible repertoire of deductions, some of which were also introduced by the Barack Obama administration to allow companies to overcome the 2008 crisis.
Accountants discounted the $ 210,000 paid to a Florida photographer to capture the holidays at Mar-a-Lago; $ 70,000 to fix Donald’s hair; $ 95,464 for the hairdresser and makeup artist by Ivanka Trump. Meanwhile, keep in mind the New York TimesOnce he reached the White House, the president found himself grappling with geopolitical issues with former business partners, such as the Turkish businessman. Mehmet Ali Yalcindag.
September 28, 2020 (change September 28, 2020 | 22:37)
© REPRODUCTION RESERVED
[ad_2]
