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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDonald Trump has lost tens of millions on Scottish golf courses, accounts show
Source: The Guardian
[div class="except"]Donald Trump has lost tens of millions on Scottish golf courses, accounts show
Records for resorts in Aberdeenshire and Ayrshire conflict
with FEC filings in the US and reveal he has avoided paying
UK corporation tax on the two courses
Severin Carrell Scotland editor
Wednesday 12 October 2016 18.32 BST
Donald Trump has lost nearly £26m ($31.8m) building his golfing empire in Scotland, his company accounts show a sum that means the Republican presidential candidate has avoided paying any UK corporation tax on either of his two resorts.
The latest accounts filed to the UK authorities for Trumps two resorts, in Aberdeenshire and Turnberry in Ayrshire, also show he has sunk more than £102m ($125m) of his own money into both businesses, despite losing increasing sums on both investments. The accounts suggest he may never make a profit on either resort, although the Trump family insist Turnberry will return to profitability in the short to medium term.
There is also an apparent discrepancy between the accounts and his filings last year to the US Federal Election Commission (FEC), the regulator which controls election spending.
In his attempt to create a global portfolio of world-class golf resorts, the Republican presidential candidate had invested £62.7m in buying and refurbishing the Open championship resort at Turnberry on the coast of south-west Scotland, between acquiring it in April 2014 and the end of 2015.
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Read more: https://www.theguardian.com/us-news/2016/oct/12/donald-trump-scotland-golf-course-resort-losses
mnmoderatedem
(3,732 posts)Trump being interviewed on CNBC after the Scots denied him permission to build a golf course in an area they had reserved for a wind farm. Trump was on the air throwing a hissy fit, both railing away at wind energy as well as the Scottish for having the audacity to do that they wish in their own country rather than bowing down to all things Trump.
What an absolute child.
malaise
(269,212 posts)He is still a five year old who must get his own way at all times.
malaise
(269,212 posts)has perfected the art of stealing from taxpayers across the globe.