Trump's ..Deal designed to deprive US of tens of millions of dollars in tax

[misterhighwasted]

Last edited Fri May 27, 2016, 11:27 AM - Edit history (3)

http://www.ibtimes.co.uk/donald-trump-cost-us-millions-taxes-questionable-loan-deal-investigation-reveals-1562043

Donald Trump signed off deal designed to deprive US of tens of millions of dollars in tax

SNIP
The billionaire approved a $50 million investment in a company – only for the deal to be rewritten several weeks later as a ‘loan’.

Experts say that the effect of this move was to skirt vast tax liabilities, and court papers seen by the Telegraph allege that the deal amounted to fraud.

SNIP
The outspoken tycoon – who revealed last week that he had earned more than $500 million in the last year – has previously boasted of how he pays as little tax "as possible".

Jack Blum, chairman of the Tax Justice Network and a financial crime attorney, said Mr Trump was a "poster child" for tax avoidance property schemes, which ultimately harm the middle-income American.

SNIP
It's not a loan - it's really equity. I don’t think they would survive a challenge [by the IRS].
Howard Abrams, law professor

The allegations centre on Mr Trump's business alliance with Bayrock Group, the property company that was building Trump SoHo, the mogul's prized New York building - as well as two other projects to which he had licensed his name.

In 2007 Bayrock struck a deal with FL Group, an Icelandic company that had agreed to invest $50 million in four of Bayrock's subsidiary partnerships. However, the deal was later relabeled as a loan.
Former employees of Bayrock have alleged in a case against the company that the deal was intended to fraudulently evade some $20 million in tax through a disguised sale of partnership interests.

They also claim the participants mislabeled the sale as a loan in order to avoid paying a further estimated $80 million taxes on the projected profits from the real estate. ..

READ MUCH MORE, AS THE PLOT THICKENS..
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http://www.ibtimes.co.uk/donald-trump-cost-us-millions-taxes-questionable-loan-deal-investigation-reveals-1562043

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Trump's ties to the mob, the players & the playing of America & his dirty lawyered-up deals exposed in the article along with timelines & docs, tells how the billionaire society thrives.

This is a pretty intricate line of maneuvers to avoid taxes, & explains why Donald Trump & those who play his same game Really Do Not want Senator Elizabeth Warren anywhere near regulating their ability to profit while avoiding Taxes.

Trump is who Sen Warren warned us about.

People really believe Trump is in the 2016 race because he has America & his millions of adoring fan's best interest in mind?

[tonyt53]

1. Another reason he won't release those tax returns

[misterhighwasted]

2. Yup. Exactly. Crooked Trump & his TV Reality Show..he's in this race to save his profits.

Why he damn's Sen E Warren as he does.
If Trump is tearing someone down with juvenile insults, then we need to be looking closer at Trump.
Sen Warren is brilliant and a threat to the profits of the billionaire class.

Trump is everything Sen Warren's iconic speeches were about.
Trump is everything she warned us about.

Guess now the UK Telegraph will join Warren in the 'Big Mouth Club"! More power to them for speaking out.