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The payment is one of many data about Trump’s economy that has been released after the American newspaper obtained Trump’s tax returns, which the president himself did not want to publish.
The amount equals 192 million kronor, money for which Trump later demanded a tax deduction.
The money was transferred to Trump at the same time he was fighting to be nominated for the Republican presidential nominee, and at the same time that Deutsche Bank, Trump’s last major lender, shockingly rejected Trump’s loan application.
Money from the hotel in Las Vegas, which Trump owns along with casino mogul Phil Ruffin, was blocked through several other Trump-controlled companies before Trump himself was paid directly, the newspaper writes in an article on Friday.
Sold stocks for millions
The article also claims that in January 2016, Trump sold a series of shares worth a total of $ 11.1 million. He did the same in February, March and April, shares worth a total of more than $ 27 million.
“Donald J. Trump needed money,” writes the newspaper, which believes that the revelations give a clue to where the 10 million he gave for his own election campaign during this period came from.
The tax returns are silent on whether the $ 21 million from the Las Vegas hotel was used to accelerate Trump’s election campaign or his business, possibly both. But according to the newspaper, they show that the amount was paid directly to Trump.
– Legally problematic
According to experts the newspaper has spoken to, the payment could be legally problematic.
– 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.
It notes that if the money was not used to pay for Trump’s business-related expenses, then it was illegal to demand a deduction for them.
And if they were also used in Trump’s bid to become president, then they could be considered illegal campaign means.
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.”
(© NTB)
