"Trump Organization's Dubious Financial Disclosures Raise Tax Evasion Concerns"

1 min read
Source: The Daily Beast
"Trump Organization's Dubious Financial Disclosures Raise Tax Evasion Concerns"
Photo: The Daily Beast
TL;DR Summary

A court-appointed monitor in Donald Trump’s New York business fraud case revealed in a letter that a $48 million loan Trump claimed to owe one of his companies apparently never existed, potentially indicating tax evasion. The Trump Organization disputes this, insisting the loan did exist and was an internal loan from Trump to the entity he owns. Legal experts suggest that Trump knowingly and repeatedly broke the law by inaccurately reporting the loan on federal financial disclosures. The revelation raises questions about potential tax fraud and the accuracy of Trump's financial disclosures, with implications for his past tax payments.

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