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Budi

(15,325 posts)
Wed Oct 21, 2020, 10:25 AM Oct 2020

Trump paid more taxes to China than the US





From the article:

https://www.mediaite.com/print/trump-reportedly-holds-secret-chinese-bank-account-paid-china-over-188000-in-taxes/amp/?__twitter_impression=true

Trump Reportedly Holds Secret Chinese Bank Account, Paid China Over $188,000 in Taxes


The foreign accounts do not show up on Mr. Trump’s public financial disclosures, where he must list personal assets, because they are held under corporate names. The identities of the financial institutions are not clear.

The Chinese account is controlled by Trump International Hotels Management L.L.C., which the tax records show paid $188,561 in taxes in China while pursuing licensing deals there from 2013 to 2015.

The figure is quite a contrast to the mere $750 Trump reportedly paid in 2016 for U.S. federal income taxes.

The article goes on to note that the Trump family has been pursuing licensing deals in China for over a decade, that China’s largest state-controlled bank previously leased three floors of Trump Tower, and that Trump invested a substantial amount of money to enable his hotel business to pursue multiple Chinese projects.

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Trump paid more taxes to China than the US (Original Post) Budi Oct 2020 OP
China owns Drumpf. So much for the 'tough on China' sham. BlueWavePsych Oct 2020 #1
"Keep America Great" dalton99a Oct 2020 #2
Precisely Sherman A1 Oct 2020 #3
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