Trump media machine in denial mode as New York Times details tax dodges
Far from starting out with a ‘small loan’ from his father, the New York Times investigation shows he received more than $400m in today's money
Washington — US President Donald Trump engaged in tax schemes that included cases of fraud in which he and his siblings helped their parents dodge millions of dollars in taxes, the New York Times reported on Tuesday. The Times investigation, which the White House said was “misleading”, showed Trump received the present-day equivalent of at least $413m from his father’s real estate business. The Times, citing a “vast trove” of confidential tax returns and financial records, reported that much of that fortune came to Trump because he helped his parents evade taxes, setting up a fake corporation with his siblings to disguise millions of dollars in gifts from their parents. Trump promoted himself during his presidential campaign as a self-made real estate mogul who started out with only a “very small” loan from his businessman father, Fred Trump. Reuters has not been able to verify the report. White House spokeswoman Sarah Sanders called the story “misleading” and said in a statement th...
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