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FOUR YEARS AGO: This is how he looked at one of Donald Trump’s 2016 election campaign events. Photo: Thomas Nilsson / VG
Storavisen has once again immersed himself in the US president’s tax returns, which he did not want to publish. The newspapers believe that the newspapers show how Donald Trump financed parts of the 2016 election campaign.
US President Donald Trump received more than $ 21 million from a hotel in Las Vegas that he owns along with businessman Phil Ruffin. Reports The New York Times, which has gained access to the president’s tax returns.
21 million dollars correspond to more than 194 million Norwegian crowns.
The payment came during the 2016 election campaign, when the president’s campaign was said to have run into financial difficulties.
I shouldn’t have received more loans
In early 2016, Trump sold tens of millions of dollars in stock. During the first four months of this year, it is said to have sold shares for 38.5 million dollars, which is equivalent to more than 352 million Norwegian crowns.
At the time, he was no longer allowed to borrow money from Deutsche Bank, which feared the money would be used for the campaign, rather than to develop golf courses, as Trump claimed.
The New York Times also revealed that the president received payments totaling about 190 million kronor from the Trump-Ruffin Hotel in Las Vegas. The money ended up in Trump’s election campaign, through several of his other companies.
The payments were transferred to Trump Las Vegas Sales and Marketing, a company that had modest revenues in the years leading up to the election. In 2016, the company received a payment of almost NOK 120 million, more than 20 times more than the largest profit the company has made in a year.
– Why suddenly this company should have more than 20 million in fees that before there were not? asks Daniel Shaviro, professor of tax economics at New York University School of Law.
Phil Ruffin, who owns the hotel with Trump, sponsored the campaign and the president’s fund with more than 22 million crowns, writes The New York Times.
– It’s driving me crazy. I have to say, “Phil, I don’t want your money. I pay myself. It happens every time we meet, Donald Trump said at an election campaign meeting in 2016. He claimed to have said no thanks to an offer from Ruffin that he wanted to put more than 90 million crowns into Trump’s election campaign.
– It’s hard for me to say no to money, because that’s not what I’ve done in life. I take and I take, Trump continued.
2016: VG photographer Thomas Nilsson followed Donald Trump during his election campaign tour in 2016.
Light Rail to Las Vegas
After Trump took office in 2017, Ruffin is said to have asked the president to revive the development of a light rail from California to Las Vegas, a 90-minute ride from Southern California to casinos and gambling. in the desert.
In March this year, the US Department of Transportation approved the sale of interest-free notes from the train company behind the development to private investors. The trains are set to begin running in 2024, filled with new guests to, among other things, Ruffins hotels in Las Vegas.
A White House spokesman, Judd Deere, said that during those years, Trump himself earned all the money he was paid. He calls the article “another politically motivated issue that incorrectly blackens a standard trade agreement.”
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Washington Post: Investigate After Tax Cuts
The New York Times is not the only American newspaper investigating the president.
Five years ago, Trump promised to preserve about 600 acres of forest around the Seven Springs property on the outskirts of New York. In return, he is said to have received a tax cut of $ 21.1 million, according to court documents read by the Washington Post.
The size of the tax reduction was established based on a 2016 property value estimate of $ 56.5 million.
New York prosecutors are now investigating whether the Trump Organization inflated the property’s value, according to court documents. The investigation is led by Democrat Letitia James, state attorney general, a position that has common features with both the public prosecutor’s office, the prosecution and the state justice minister.
The rate is said to have been based on unfounded assumptions and misleading conclusions that inflated the estimated value, according to two independent experts who reviewed the documents for the Washington Post.
Trump Organization attorney Alan Garten says he cannot comment on the fee, but claims the allegations are false. Cushman & Wakefield will not comment on the case.
