Daily Telegraph reports on Trump's scam to disguise equity as debt and save on taxes
WHILE US MEDIA GROVEL FOR TRUMP, LONDON DAILY TELEGRAPH REVEALS SLEAZY DON’S MASSIVE TRUMP SOHO TAX FRAUD; FASCIST BILLIONAIRE’S OPERATION FLEECED TAXPAYERS FOR TENS OF MILLIONS OF DOLLARS; SCAM DISGUISED EQUITY INVESTMENT AS LOAN, EXPLOITING TAX LOOPHOLE; TRUMP’S NEGOTIATOR WAS MOB FIGURE AND CONVICTED FELON FELIX SATER; TRUMP LIKELY COMMITTED PERJURY BY CLAIMING UNDER OATH HE COULD NOT RECALL HIS “SENIOR ADVISER” SATER
At the heart of this scam was a slick trick to transform the purchase of a $50 million ownership stake in Trump Soho into a loan. This maneuver, which is seen by many tax experts as simply illegal, shows us what Trump means when he says that he loves debt. The US tax code notoriously rewards debt and punishes equity, and Trump has fully embraced crushing debt, relieved by periodic write-downs at the expense of others, as his way of life.
In addition, Trump’s agent in this entire matter turns out to be one Felix Sater of Bayrock Group, a shadowy mob figure who represented him in the dodgy and convoluted negotiations. Trump is currently so anxious to put distance between himself and Sater that he may have lied under oath by vehemently insisting that he could not recall who Sater is.
Thus, the Daily Telegraph revelations show Trump to be a tax cheater and possible perjurer. This may not be enough to wake up his crazed petty bourgeois followers, but allegations of this type cannot be helping Trump among tens of millions of normal, middle-class American voters who are also honest taxpayers.
The Daily Telegraph report is based on three months of research and interviews and has benefited from the advice of experts on US and New York State tax law. The findings are summed up as follows:
Continued here: http://twsp.us/briefing/20160527
= new reply since forum marked as read
