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ASSOCIATED PRESS
US President Donald Trump has a checking account in China, revealed the New York Times, which continues to review his tax returns.
The documents not only show that China is one of only three foreign nations, along with Britain and Ireland, in which Trump has a bank account. But also that the account controlled by Trump International Hotels Management Llc paid $ 188,561 in taxes in China from 2013 to 2015, years in which the president paid practically nothing in the United States.
Breaking News: President Trump’s tax records reveal details about his business activities in China, including a previously unknown bank account. https://t.co/dlFXCs7USR
– The New York Times (@nytimes) October 21, 2020
According to a Trump spokesperson, the bill was opened to “explore the potential of hotel deals in Asia.” For the US president, this is an embarrassing revelation two weeks after the vote, following the criticisms leveled in his years in the White House against American companies operating in China and the compliance charges against Beijing leveled against democratic rival Joe. Biden. as well as those directed at Biden’s son, Hunter, for his alleged business with China.
The New York Times discovered the existence of the Chinese bank account after obtaining Trump’s tax returns, which contained details of both his personal and business activities. In previous articles, the newspaper revealed that Trump had paid only $ 750 in federal taxes between 2016 and 2017. It appears that $ 188,561 in local taxes was paid through the Chinese bank account.
Alan Garten, one of the lawyers for the Trump Organization, told the NYT that Trump International Hotels Management had “opened an account at a Chinese bank that has offices in the United States to pay local taxes.” No business, transactions or other activities have ever materialized and, since 2015, the office has been inactive ”. Garten further insisted that “although the account remains open, it has never been used for any other purpose.”
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