Donald Trump calls the Trump SoHo tower in lower Manhattan an architectural marvel. The real marvel is what happened to the profits, which vanished from America thanks to a deal with a corrupt Icelandic investment company with ties to Russian oligarchs—all under an arrangement that Trump himself approved. The lawsuits say it was tax fraud, but the lawyer for the man behind the deal says it was perfectly legal tax planning.
It’s a story that should have voters asking hard questions about the Republican presidential nominee and his financial relationship with those oligarchs, whose fortunes depend on remaining in the good graces of the murderous Russian autocrat Vladimir Putin, whom Trump praises as a great leader. These questions became even more important after Trump broke his earlier promise to make his tax returns public, as every other major party candidate has done for more than four decades...
But most importantly, the tax returns may also tell us about Trump’s involvement with Russian money. Trump wants you to believe he has no connections to Russia or Russian money. “I have nothing to do with Russia,” he said at a July 27 news conference.
Like many Trump statements, that simply is not true. For starters Trump says he was paid millions of dollars by Russians for holding the 2013 Miss Universe Pageant in Moscow. Trump owned the beauty contest, but sold it last year. Trump boasted to Real Estate Weekly that in Moscow “almost all of the oligarchs were in the room” when he met with Putin’s rich friends while he was there for the pageant. Trump has tried at least five times to build a Trump Tower in Moscow, including efforts he made during his 2013 trip there. His name is on a 47-story building in Georgia, formerly part of the Soviet empire.
We know that Russians are major buyers of Trump apartments because of public records. In addition, Donald Trump Jr. said in 2008 that “in terms of high-end product influx into the U.S., Russians make up a disproportionate cross-section of a lot of our assets. We see a lot of money pouring in from Russia.”
Russians are partners with Trump in a variety of American Trump projects. For some of these, Trump merely licensed the use of his name. But on others, he was an investment partner. Trump’s complete tax returns would show us to what extent Russians are a source of capital for projects with the Trump name on them and whether money was invested directly or funneled through others.
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http://www.thedailybeast.com/articles/2016/08/11/is-a-crook-hiding-in-donald-trump-s-taxes.html
It’s a story that should have voters asking hard questions about the Republican presidential nominee and his financial relationship with those oligarchs, whose fortunes depend on remaining in the good graces of the murderous Russian autocrat Vladimir Putin, whom Trump praises as a great leader. These questions became even more important after Trump broke his earlier promise to make his tax returns public, as every other major party candidate has done for more than four decades...
But most importantly, the tax returns may also tell us about Trump’s involvement with Russian money. Trump wants you to believe he has no connections to Russia or Russian money. “I have nothing to do with Russia,” he said at a July 27 news conference.
Like many Trump statements, that simply is not true. For starters Trump says he was paid millions of dollars by Russians for holding the 2013 Miss Universe Pageant in Moscow. Trump owned the beauty contest, but sold it last year. Trump boasted to Real Estate Weekly that in Moscow “almost all of the oligarchs were in the room” when he met with Putin’s rich friends while he was there for the pageant. Trump has tried at least five times to build a Trump Tower in Moscow, including efforts he made during his 2013 trip there. His name is on a 47-story building in Georgia, formerly part of the Soviet empire.
We know that Russians are major buyers of Trump apartments because of public records. In addition, Donald Trump Jr. said in 2008 that “in terms of high-end product influx into the U.S., Russians make up a disproportionate cross-section of a lot of our assets. We see a lot of money pouring in from Russia.”
Russians are partners with Trump in a variety of American Trump projects. For some of these, Trump merely licensed the use of his name. But on others, he was an investment partner. Trump’s complete tax returns would show us to what extent Russians are a source of capital for projects with the Trump name on them and whether money was invested directly or funneled through others.
(Continued)
http://www.thedailybeast.com/articles/2016/08/11/is-a-crook-hiding-in-donald-trump-s-taxes.html